The Buckle, Inc. Reports August 2023 Net Sales

Rhea-AI Summary

The Buckle, Inc. reports a decrease in comparable store net sales and net sales for the 4-week and 30-week periods ending August 26, 2023 compared to the same periods in 2022.

Positive

• None.

Negative

• Decreased comparable store net sales by 5.0% for the 4-week period
• Decreased net sales by 4.7% for the 4-week period
• Decreased comparable store net sales by 6.1% for the 30-week period
• Decreased net sales by 5.7% for the 30-week period

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 26, 2023 decreased 5.0 percent from comparable store net sales for the 4-week period ended August 27, 2022. Net sales for the 4-week fiscal month ended August 26, 2023 decreased 4.7 percent to $112.5 million from net sales of $118.0 million for the prior year 4-week fiscal month ended August 27, 2022.

Comparable store net sales year-to-date for the 30-week period ended August 26, 2023 decreased 6.1 percent from comparable store net sales for the 30-week period ended August 27, 2022. Net sales for the 30-week fiscal period ended August 26, 2023 decreased 5.7 percent to $687.8 million compared to net sales of $729.1 million for the prior year 30-week fiscal period ended August 27, 2022.

About Buckle

Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. 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, which includes the opening of two new stores during fiscal August located in Nampa, Idaho and Poplar Bluff, Missouri. The Company operated 442 stores in 42 states as of August 31, 2022. 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 on The Buckle, Inc.

can be accessed at www.buckle.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230831590591/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.