The Buckle, Inc. Reports November 2022 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported a 0.3% decrease in comparable store net sales for the 4-week period ending November 26, 2022, compared to the same period last year. However, net sales for this period rose by 0.5% to $117.9 million. Year-to-date, comparable store net sales increased by 2.4% while total net sales reached $1.061 billion, up 2.9% from the prior year. The company operates 441 retail stores across 42 states, maintaining stable store count from the previous year.

Positive

• Net sales increased by 0.5% to $117.9 million for the 4-week period.
• Year-to-date net sales rose by 2.9% to $1.061 billion.

Negative

• Comparable store net sales decreased by 0.3% for the 4-week period.

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 26, 2022 decreased 0.3 percent from comparable store net sales for the 4-week period ended November 27, 2021. Net sales for the 4-week fiscal month ended November 26, 2022 increased 0.5 percent to $117.9 million from net sales of $117.3 million for the prior year 4-week fiscal month ended November 27, 2021.

Comparable store net sales year-to-date for the 43-week period ended November 26, 2022 increased 2.4 percent from comparable store net sales for the 43-week period ended November 27, 2021. Net sales for the 43-week fiscal period ended November 26, 2022 increased 2.9 percent to $1.061 billion compared to net sales of $1.031 billion for the prior year 43-week fiscal period ended November 27, 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 441 retail stores in 42 states compared to 441 stores in 42 states as of December 1, 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/20221201005212/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were Buckle's sales figures for November 2022?

Buckle reported net sales of $117.9 million for the 4-week period ending November 26, 2022.

Did Buckle experience growth in comparable store sales in 2022?

No, Buckle's comparable store net sales decreased by 0.3% for the 4-week period ended November 26, 2022.

What is the year-to-date sales performance of Buckle for 2022?

Year-to-date, Buckle's net sales increased by 2.9% to $1.061 billion.

How many retail stores does Buckle operate?

Buckle operates 441 retail stores across 42 states.