The Buckle, Inc. Reports December 2020 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a significant increase in comparable store net sales, rising by 17.9% for the 5-week period ending January 2, 2021, compared to the same period last year. Total net sales reached $169.4 million, a 17.7% increase from $143.9 million a year ago. However, year-to-date comparable store net sales decreased by 1.5%, with total net sales for the 48-week period down 1.7% to $838.2 million. The Company operates 445 stores across 42 states, having closed one store in December.

Positive

• Comparable store net sales increased by 17.9% for the 5-week period.
• Total net sales rose to $169.4 million for the same period.

Negative

• Comparable store net sales decreased by 1.5% year-to-date.
• Total net sales for the 48-week period fell by 1.7% to $838.2 million.

The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 5-week period ended January 2, 2021 increased 17.9 percent from comparable store net sales for the 5-week period ended January 4, 2020. Net sales for the 5-week fiscal month ended January 2, 2021 increased 17.7 percent to $169.4 million from net sales of $143.9 million for the prior year 5-week fiscal month ended January 4, 2020.

Comparable store net sales year-to-date for the 48-week period ended January 2, 2021 decreased 1.5 percent from comparable store net sales for the 48-week period ended January 4, 2020. Net sales for the 48-week fiscal period ended January 2, 2021 decreased 1.7 percent to $838.2 million from net sales of $853.0 million for the prior year 48-week fiscal period ended January 4, 2020.

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 445 retail stores in 42 states which includes the closing of one store during fiscal December. The Company operated 448 stores in 42 states as of January 7, 2020. 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/20210107005102/en/

FAQ

What are Buckle's recent sales figures for January 2021?

Buckle reported a 17.9% increase in comparable store net sales for the 5-week period ended January 2, 2021, totaling $169.4 million.

How did Buckle perform year-to-date as of January 2021?

Year-to-date comparable store net sales decreased by 1.5%, with total net sales dropping to $838.2 million for the 48-week period.

How many stores does Buckle operate as of January 2021?

Buckle operates 445 retail stores across 42 states.

What was Buckle's sales performance compared to the previous year?

For the 5-week period ending January 2, 2021, Buckle's sales increased compared to the previous year, but decreased year-to-date.