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The Buckle, Inc. (NYSE: BKE) reported a 9.7% decline in comparable store net sales for the 5-week period ending April 2, 2022, compared to the same period the previous year. Total net sales decreased by 10.4%, reaching $124.9 million from $139.4 million. However, year-to-date comparable store sales for the 9-week period increased 4.1%, with net sales of $212.7 million, up from $205.5 million a year earlier. The company operates 439 stores, down from 442 stores in April 2021.
Positive
Comparable store net sales year-to-date increased by 4.1%.
Net sales for the year-to-date 9-week period rose to $212.7 million from $205.5 million.
Negative
Comparable store net sales for the last 5-week period decreased by 9.7%.
Total net sales fell to $124.9 million from $139.4 million, a decrease of 10.4%.
The number of retail stores decreased 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 5-week period ended April 2, 2022 decreased 9.7 percent from comparable store net sales for the 5-week period ended April 3, 2021. Net sales for the 5-week fiscal month ended April 2, 2022 decreased 10.4 percent to $124.9 million from net sales of $139.4 million for the prior year 5-week fiscal month ended April 3, 2021.
Comparable store net sales year-to-date for the 9-week period ended April 2, 2022 increased 4.1 percent from comparable store net sales for the 9-week period ended April 3, 2021. Net sales for the 9-week fiscal period ended April 2, 2022 increased 3.5 percent to $212.7 million from net sales of $205.5 million for the prior year 9-week fiscal period ended April 3, 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 compared to 442 stores in 42 states as of April 7, 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
