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The Buckle, Inc. (NYSE: BKE) reported a 7.0% increase in comparable store net sales for the 5-week period ending December 31, 2022. Total net sales for this period rose 7.9% to $214.5 million. For the year-to-date 48-week period, comparable store net sales increased 3.2%, with total net sales up 3.7% to $1.276 billion from $1.230 billion the previous year. The company operates 441 stores across 42 states, maintaining a strong market presence in the apparel sector.
Positive
7.0% increase in comparable store net sales for the 5-week period ended December 31, 2022.
7.9% increase in total net sales to $214.5 million for the same period.
3.2% increase in comparable store net sales year-to-date for the 48-week period ended December 31, 2022.
3.7% increase in total net sales to $1.276 billion for the year-to-date 48-week period.
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 5-week period ended December 31, 2022 increased 7.0 percent from comparable store net sales for the 5-week period ended January 1, 2022. Net sales for the 5-week fiscal month ended December 31, 2022 increased 7.9 percent to $214.5 million from net sales of $198.7 million for the prior year 5-week fiscal month ended January 1, 2022.
Comparable store net sales year-to-date for the 48-week period ended December 31, 2022 increased 3.2 percent from comparable store net sales for the 48-week period ended January 1, 2022. Net sales for the 48-week fiscal period ended December 31, 2022 increased 3.7 percent to $1.276 billion compared to net sales of $1.230 billion for the prior year 48-week fiscal period ended January 1, 2022.
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 441 retail stores in 42 states compared to 440 stores in 42 states as of January 5, 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 about The Buckle, Inc., can be found on the Internet at www.buckle.com
