The Buckle, Inc. Reports Decrease in Sales

The company reports September 2018 net sales.
Published: October 11, 2018 Press Release

The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 5-week period ended October 6, 2018 decreased 2.4 percent from comparable store net sales for the 5-week period ended October 7, 2017. Net sales for the 5-week fiscal month ended October 6, 2018 decreased 3.2 percent to $75.4 million from net sales of $77.9 million for the prior year 5-week fiscal month ended September 30, 2017.

Comparable store net sales for the 35-week year-to-date period ended October 6, 2018 decreased 1.1 percent from comparable store net sales for the 35-week period ended October 7, 2017. Net sales for the 35-week fiscal period ended October 6, 2018 decreased 1.7 percent to $556.6 million from net sales of $566.1 million for the prior year 35-week fiscal period ended September 30, 2017.

Due to the 53rd week in fiscal 2017, comparable store net sales for the month and year-to-date periods are compared to the 5-week and 35-week periods ended October 7, 2017.

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 454 retail stores in 43 states which includes the closing of one store during fiscal September. The Company operated 462 stores in 44 states as of October 11, 2017. To listen to the Company’s recorded monthly sales commentary, please call (308) 238-2500.

Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series