The Buckle, Inc. Reports August 2022 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a 4.6% increase in comparable store net sales for the 4-week period ending August 27, 2022, compared to the prior year. Total net sales for this period rose to $118.0 million, a 5.8% increase from $111.6 million in August 2021. Year-to-date comparable store net sales for the 30-week period also increased by 2.9%, totaling $729.1 million, up 3.3% from $705.9 million in 2021.

Positive

• 4.6% increase in comparable store net sales for August 2022.
• Net sales for August 2022 reached $118.0 million, a 5.8% year-on-year growth.
• Year-to-date net sales increased to $729.1 million, representing a 3.3% rise.

Negative

• None.

KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended August 27, 2022 increased 4.6 percent from comparable store net sales for the 4-week period ended August 28, 2021. Net sales for the 4-week fiscal month ended August 27, 2022 increased 5.8 percent to $118.0 million from net sales of $111.6 million for the prior year 4-week fiscal month ended August 28, 2021.

Comparable store net sales year-to-date for the 30-week period ended August 27, 2022 increased 2.9 percent from comparable store net sales for the 30-week period ended August 28, 2021. Net sales for the 30-week fiscal period ended August 27, 2022 increased 3.3 percent to $729.1 million compared to net sales of $705.9 million for the prior year 30-week fiscal period ended August 28, 2021.

About Buckle

Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 442 retail stores in 42 states compared to 442 stores in 42 states as of September 1, 2021. To listen to the Company’s recorded monthly sales commentary, please call (308) 238-2500.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

News releases and other information about The Buckle, Inc., can be
found on the Internet at www.buckle.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220901005130/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were the comparable store net sales for Buckle in August 2022?

Buckle reported a 4.6% increase in comparable store net sales for August 2022.

How much did Buckle's total net sales increase in August 2022?

Total net sales for August 2022 increased by 5.8% to $118.0 million.

What is Buckle's year-to-date net sales figure as of August 27, 2022?

As of August 27, 2022, Buckle's year-to-date net sales reached $729.1 million.

How do Buckle's sales compare year-on-year for the 30-week period ending August 27, 2022?

Buckle's comparable store net sales for the 30-week period increased by 2.9% year-on-year.