The Buckle, Inc. Reports January 2013 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 five-week period ended February 2, 2013 decreased 2.0 percent from comparable store net sales for the five-week period ended February 4, 2012. Net sales for the five-week fiscal month ended February 2, 2013 increased 30.7 percent to $78.8 million from net sales of $60.3 million for the prior year four-week fiscal month ended January 28, 2012.
January 2013 was a 5-week fiscal period, ending The Buckle, Inc.'s 53-week fiscal year. The prior January was a 4-week fiscal period, ending a 52-week fiscal year. Comparable store net sales for the month, quarter and year-to-date periods are compared to the 5-week, 14-week and 53-week periods ended February 4, 2012.
Comparable store net sales for the 14-week fourth quarter ended February 2, 2013 were flat in comparison to comparable store net sales for the 14-week period ended February 4, 2012. Net sales for the 14-week fiscal fourth quarter ended February 2, 2013 increased 7.0 percent to $360.6 million compared to net sales of $337.1 million for the prior year 13-week fiscal fourth quarter ended January 28, 2012.
Comparable store net sales year-to-date for the 53-week period ended February 2, 2013 increased 2.1 percent from comparable store net sales for the 53-week period ended February 4, 2012. Net sales for the 53-week fiscal year ended February 2, 2013 increased 5.7 percent to $1.124 billion from net sales of $1.063 billion for the prior year 52-week fiscal year ended January 28, 2012.
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 440 retail stores in 43 states compared to 431 stores in 43 states as of February 7, 2012. 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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