The Buckle, Inc. Reports January 2022 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a 4.2% increase in comparable store net sales for the 4-week period ending January 29, 2022, compared to the same period last year. Net sales for this period reached $64.9 million, up 2.9% from $63.1 million. In the 13-week fourth quarter, sales rose 20.0% to $380.9 million, and for the full 52-week fiscal year, net sales increased 43.6% to $1.295 billion. The company operates 439 stores in 42 states.

Positive

• Comparable store net sales increased 4.2% for the 4-week period.
• Net sales reached $64.9 million, up 2.9% YoY.
• Sales for the 13-week fourth quarter rose 20.0% to $380.9 million.
• Full fiscal year net sales increased 43.6% to $1.295 billion.

Negative

• The company closed one store earlier this week, reducing total from 442 to 439.

 

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 January 29, 2022 increased 4.2 percent from comparable store net sales for the 4-week period ended January 30, 2021. Net sales for the 4-week fiscal month ended January 29, 2022 increased 2.9 percent to $64.9 million from net sales of $63.1 million for the prior year 4-week fiscal month ended January 30, 2021.

Comparable store net sales for the 13-week fourth quarter ended January 29, 2022 increased 20.0 percent from comparable store net sales for the 13-week period ended January 30, 2021. Net sales for the 13-week fiscal fourth quarter ended January 29, 2022 increased 19.5 percent to $380.9 million compared to net sales of $318.8 million for the prior year 13-week fiscal fourth quarter ended January 30, 2021.

Comparable store net sales for the 52-week fiscal year ended January 29, 2022 increased 43.8 percent from comparable store net sales for the 52-week fiscal year ended January 30, 2021. Net sales for the 52-week fiscal year ended January 29, 2022 increased 43.6 percent to $1.295 billion from net sales of $901.3 million for the prior year 52-week fiscal year ended January 30, 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 439 retail stores in 42 states which includes the closing of one store earlier this week. The Company operated 442 stores in 42 states as of February 3, 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/20220203005170/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were Buckle's comparable store net sales for January 2022?

Buckle reported a 4.2% increase in comparable store net sales for the 4-week period ended January 29, 2022.

How much did Buckle's net sales grow in the fourth quarter of 2022?

Net sales for the 13-week fourth quarter ended January 29, 2022, increased by 20.0% to $380.9 million.

What is the percentage increase in net sales for Buckle's fiscal year 2022?

For the 52-week fiscal year ended January 29, 2022, net sales increased by 43.6% to $1.295 billion.

How many retail stores does Buckle operate as of February 2022?

As of February 2022, Buckle operates 439 retail stores across 42 states.