The Buckle, Inc. Reports December 2021 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a significant increase in net sales for the 5-week period ending January 1, 2022, with a 17.3% rise to $198.7 million compared to $169.4 million the previous year. Comparable store net sales surged by 17.7% during the same timeframe. Year-to-date figures for the 48-week period also showed impressive growth, with an increase of 46.7% to $1.230 billion, up from $838.2 million the prior year. The company operates 440 retail stores across 42 states after closing one store recently.

Positive

• 5-week net sales increased 17.3% to $198.7 million.
• Comparable store net sales rose 17.7%.
• Year-to-date net sales for 48 weeks increased 46.7% to $1.230 billion.

Negative

• Closed one store, reducing total from 445 to 440.

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 5-week period ended January 1, 2022 increased 17.7 percent from comparable store net sales for the 5-week period ended January 2, 2021. Net sales for the 5-week fiscal month ended January 1, 2022 increased 17.3 percent to $198.7 million from net sales of $169.4 million for the prior year 5-week fiscal month ended January 2, 2021.

Comparable store net sales year-to-date for the 48-week period ended January 1, 2022 increased 46.7 percent from comparable store net sales for the 48-week period ended January 2, 2021. Net sales for the 48-week fiscal period ended January 1, 2022 increased 46.7 percent to $1.230 billion from net sales of $838.2 million for the prior year 48-week fiscal period ended January 2, 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 440 retail stores in 42 states which includes the closing of one store earlier this week. The Company operated 445 stores in 42 states as of January 6, 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/20220106005186/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were The Buckle's net sales for the 5-week period ending January 1, 2022?

The Buckle's net sales increased 17.3% to $198.7 million for the 5-week period ending January 1, 2022.

How much did comparable store net sales increase during the latest 5-week period?

Comparable store net sales increased by 17.7% during the 5-week period ending January 1, 2022.

What is the year-to-date net sales figure for The Buckle for the 48-week period?

The year-to-date net sales for the 48-week period ending January 1, 2022, rose 46.7% to $1.230 billion.

How many retail stores does The Buckle currently operate?

The Buckle currently operates 440 retail stores across 42 states.

Did The Buckle close any stores recently?

Yes, The Buckle closed one store recently, reducing its total from 445 stores.