The Buckle, Inc. Reports October 2012 Net Sales
KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYS: BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended October 27, 2012 increased 3.8 percent from comparable store net sales for the four-week period ended October 29, 2011. Net sales for the four-week fiscal month ended October 27, 2012 increased 5.7 percent to $84.2 million from net sales of $79.7 million for the prior year four-week fiscal month ended October 29, 2011.
Comparable store net sales for the 13-week third quarter ended October 27, 2012 increased 2.4 percent from comparable store net sales for the 13-week third quarter ended October 29, 2011. Net sales for the 13-week fiscal period ended October 27, 2012 increased 3.9 percent to $284.1 million from net sales of $273.4 million for the prior year 13-week fiscal period ended October 29, 2011.
Comparable store net sales year-to-date for the 39-week period ended October 27, 2012 increased 3.2 percent from comparable store net sales for the 39-week period ended October 29, 2011. Net sales for the 39-week fiscal period ended October 27, 2012 increased 5.2 percent to $763.4 million from net sales of $725.9 million for the prior year 39-week fiscal period ended October 29, 2011.
The Company will announce third quarter earnings the morning of Thursday, November 15, 2012. Management will hold a conference call at 10:00 a.m. EST on November 15, 2012 to discuss results for the quarter. To participate in the call, please call (800) 762-7308 and reference the conference code 270010. A replay of the call will be available for a two-week period beginning November 15, 2012 at 12:00 p.m. EST by calling (800) 475-6701 and entering the conference code 270010.
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 43 states, which includes the opening of one new store today in Denver, Colorado. The Company operated 430 stores in 43 states as of November 1, 2011. 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
The Buckle, Inc.
Karen B. Rhoads, 308-236-8491
Chief Financial Officer
KEYWORDS: United States North America Nebraska
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