The Buckle, Inc. Reports August 2020 Net Sales
03 September 2020 - 8:50PM
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 August 29, 2020 increased 1.7 percent from comparable
store net sales for the 4-week period ended August 31, 2019. Net
sales for the 4-week fiscal month ended August 29, 2020 increased
1.2 percent to $78.1 million from net sales of $77.2 million for
the prior year 4-week fiscal month ended August 31, 2019.
As of August 29, 2020, 432 of Buckle’s 446 stores were open. Of
the 14 stores which were closed, 1 has not yet reopened due to
damage sustained during the COVID-19 closure period. The remaining
13 stores are located in California and had previously reopened but
were subsequently closed again in accordance with state guidelines.
Comparable store net sales, excluding these 14 closed stores, for
the 4-week period ended August 29, 2020 increased 4.6 percent from
comparable store net sales for the same period a year ago.
Comparable store net sales year-to-date for the 30-week period
ended August 29, 2020 decreased 14.7 percent from comparable store
net sales for the 30-week period ended August 31, 2019. Net sales
for the 30-week fiscal period ended August 29, 2020 decreased 15.1
percent to $409.5 million from net sales of $482.3 million for the
prior year 30-week fiscal period ended August 31, 2019.
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 446 retail stores
in 42 states compared to 449 stores in 42 states as of September 3,
2019. 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
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version on businesswire.com: https://www.businesswire.com/news/home/20200903005144/en/
Thomas B. Heacock, Chief Financial Officer The Buckle,
Inc. (308) 236-8491
Buckle (NYSE:BKE)
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