The Buckle, Inc. Reports October 2022 Net Sales

Rhea-AI Summary

The Buckle, Inc. (NYSE: BKE) reported an increase in comparable store net sales for the 4-week period ending October 29, 2022, up 1.4% year-over-year, reaching $98.8 million. For the third quarter, comparable store sales rose 3.0%, leading to net sales of $332.3 million, a 4.0% increase from the previous year. Year-to-date sales for the 39-week period also saw a 2.8% rise, totaling $943.4 million. The third quarter earnings announcement is scheduled for November 18, 2022, at 10:00 a.m. EST.

Positive

• 4-week net sales increased 2.3% to $98.8 million.
• Third quarter comparable store net sales rose 3.0%.
• Year-to-date net sales improved 3.3% to $943.4 million.

Negative

• None.

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 October 29, 2022 increased 1.4 percent from comparable store net sales for the 4-week period ended October 30, 2021. Net sales for the 4-week fiscal month ended October 29, 2022 increased 2.3 percent to $98.8 million from net sales of $96.6 million for the prior year 4-week fiscal month ended October 30, 2021.

Comparable store net sales for the 13-week third quarter ended October 29, 2022 increased 3.0 percent from comparable store net sales for the 13-week period ended October 30, 2021. Net sales for the 13-week fiscal quarter ended October 29, 2022 increased 4.0 percent to $332.3 million from net sales of $319.4 million for the prior year 13-week fiscal quarter ended October 30, 2021.

Comparable store net sales year-to-date for the 39-week period ended October 29, 2022 increased 2.8 percent from comparable store net sales for the 39-week period ended October 30, 2021. Net sales for the 39-week fiscal period ended October 29, 2022 increased 3.3 percent to $943.4 million compared to net sales of $913.7 million for the prior year 39-week fiscal period ended October 30, 2021.

The Company will announce third quarter earnings the morning of Friday, November 18, 2022. Management will hold a live audio webcast at 10:00 a.m. EST on November 18, 2022 to discuss results for the quarter. To register for the live event, please visit https://buckle.zoom.us/webinar/register/WN_c9nka5YSTCiTHK7GfZYoTA. A replay of the event can be accessed through Buckle’s investor relations website at https://corporate.buckle.com/investors/earnings-webcasts approximately two hours after the conclusion of the live event.

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 November 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/20221103005433/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What were Buckle's net sales for the 4-week period ending October 29, 2022?

Buckle reported net sales of $98.8 million for this period, a 2.3% increase year-over-year.

How did Buckle's third quarter sales perform compared to last year?

Buckle's third quarter comparable store net sales increased by 3.0%, resulting in total net sales of $332.3 million.

What was Buckle's year-to-date sales figure for the 39-week period ending October 29, 2022?

Buckle reported year-to-date net sales of $943.4 million, marking a 3.3% increase from the previous year.

When will Buckle announce its third quarter earnings?

Buckle will announce its third quarter earnings on November 18, 2022.