The Buckle, Inc. Reports November 2021 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported substantial sales growth for the 4-week period ending November 27, 2021, with comparable store net sales up 36.0% from the previous year, reaching $117.3 million. Year-to-date, net sales increased 54.2% to $1.031 billion. This showcases the company's strong performance in a competitive retail environment, driven by a unique mix of apparel and accessories targeted at fashion-conscious consumers.

Positive

• Comparable store net sales increased 36.0% for the 4-week period ended November 27, 2021.
• Net sales reached $117.3 million for the 4-week fiscal month, up from $86.3 million year-over-year.
• Year-to-date comparable store net sales increased 54.1% for the 43-week period ended November 27, 2021.
• Total net sales for the 43-week fiscal period increased 54.2% to $1.031 billion from $668.8 million.

Negative

• The number of retail stores decreased from 446 to 441 compared to the previous year.

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 November 27, 2021 increased 36.0 percent from comparable store net sales for the 4-week period ended November 28, 2020. Net sales for the 4-week fiscal month ended November 27, 2021 increased 35.9 percent to $117.3 million from net sales of $86.3 million for the prior year 4-week fiscal month ended November 28, 2020.

Comparable store net sales year-to-date for the 43-week period ended November 27, 2021 increased 54.1 percent from comparable store net sales for the 43-week period ended November 28, 2020. Net sales for the 43-week fiscal period ended November 27, 2021 increased 54.2 percent to $1.031 billion from net sales of $668.8 million for the prior year 43-week fiscal period ended November 28, 2020.

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 446 stores in 42 states as of December 2, 2020. 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/20211202005085/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were Buckle's comparable store sales for November 2021?

Buckle's comparable store net sales for the 4-week period ended November 27, 2021, increased by 36.0%.

How much did Buckle's net sales increase in November 2021?

Buckle's net sales for November 2021 increased by 35.9% to $117.3 million.

What is the year-to-date net sales figure for Buckle as of November 27, 2021?

Buckle's year-to-date net sales increased by 54.2% to $1.031 billion.

How many stores does Buckle currently operate?

As of the latest report, Buckle operates 441 retail stores in 42 states.

What is the ticker symbol for Buckle, Inc.?

The ticker symbol for Buckle, Inc. is BKE.