The Buckle, Inc. Reports October 2011 Net Sales
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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 four-week period ended October 29, 2011 increased 8.7 percent from comparable store net sales for the four-week period ended October 30, 2010. Net sales for the four-week fiscal month ended October 29, 2011 increased 12.1 percent to $79.7 million from net sales of $71.1 million for the prior year four-week fiscal month ended October 30, 2010.
Comparable store net sales for the 13-week third quarter ended October 29, 2011 increased 9.1 percent from comparable store net sales for the 13-week third quarter ended October 30, 2010. Net sales for the 13-week fiscal period ended October 29, 2011 increased 12.4 percent to $273.4 million from net sales of $243.3 million for the prior year 13-week fiscal period ended October 30, 2010.
Comparable store net sales year-to-date for the 39-week period ended October 29, 2011 increased 8.7 percent from comparable store net sales for the 39-week period ended October 30, 2010. Net sales for the 39-week fiscal period ended October 29, 2011 increased 12.2 percent to $725.9 million from net sales of $646.8 million for the prior year 39-week fiscal period ended October 30, 2010.
The Company will announce third quarter earnings the morning of Thursday, November 17, 2011. Management will hold a conference call at 9:00 a.m. EST on November 17, 2011 to discuss results for the quarter. To participate in the call, please call (800) 230-1059 and reference the conference code 222752. A replay of the call will be available for a two-week period beginning November 17, 2011 at 11:00 a.m. EST by calling (800) 475-6701 and entering the conference code 222752.
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 431 retail stores in 43 states. This includes the opening of one new store during fiscal October in Natick, Massachusetts (the Company’s first store in the state of Massachusetts), the opening of one new store Tuesday in Scottsdale, Arizona, and the opening of one new store today in Mandeville, Louisiana. The Company operated 421 stores in 41 states as of November 3, 2010. 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 befound on the Internet at www.buckle.com
The Buckle, Inc.Karen B. Rhoads, Chief Financial Officer, 308-236-8491
Source: The Buckle, Inc.
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