The Buckle, Inc. Reports May 2022 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a 5.3% increase in comparable store net sales for the 4-week period ended May 28, 2022, compared to the same period in 2021. Net sales reached $94.3 million, up from $89.7 million year-over-year, marking a 5.1% rise. Year-to-date, net sales increased by 3.7% to $403.4 million, up from $388.9 million in the prior year for the 17-week period. The company operates 440 stores in 42 states, slightly down from 441 stores in 2021. Forward-looking statements include risks that could impact financial results.

Positive

• 5.3% increase in comparable store net sales for the 4-week period.
• Net sales for May 2022 reached $94.3 million, a 5.1% year-over-year increase.
• Year-to-date net sales rose 3.7% to $403.4 million.

Negative

• Reduction in store count from 441 to 440, indicating potential challenges in maintaining retail presence.

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 May 28, 2022 increased 5.3 percent from comparable store net sales for the 4-week period ended May 29, 2021. Net sales for the 4-week fiscal month ended May 28, 2022 increased 5.1 percent to $94.3 million from net sales of $89.7 million for the prior year 4-week fiscal month ended May 29, 2021.

Comparable store net sales year-to-date for the 17-week period ended May 28, 2022 increased 4.1 percent from comparable store net sales for the 17-week period ended May 29, 2021. Net sales for the 17-week fiscal period ended May 28, 2022 increased 3.7 percent to $403.4 million compared to net sales of $388.9 million for the prior year 17-week fiscal period ended May 29, 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 compared to 441 stores in 42 states as of June 2, 2021.

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/20220602005114/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were the comparable store net sales for BKE in May 2022?

The comparable store net sales for BKE in May 2022 increased by 5.3%.

How much did BKE's net sales increase year-over-year for May 2022?

BKE's net sales for May 2022 increased by 5.1% to $94.3 million compared to the previous year.

What is the year-to-date net sales figure for The Buckle, Inc. as of May 2022?

The year-to-date net sales for BKE as of May 2022 reached $403.4 million, an increase of 3.7%.

How many retail stores does The Buckle, Inc. operate currently?

The Buckle, Inc. currently operates 440 retail stores in 42 states.