The Buckle (BKE) Comps Fell 14.8% in August 2016

September 1, 2016 7:04 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

The Buckle, Inc. (NYSE: BKE) announced that comparable store net sales, for stores open at least one year, for the 4-week period ended August 27, 2016 decreased 14.8 percent in comparison to comparable store net sales for the 4-week period ended August 29, 2015. Net sales for the 4-week fiscal month ended August 27, 2016 decreased 14.0 percent to $87.2 million compared to net sales of $101.4 million for the prior year 4-week fiscal month ended August 29, 2015.

Comparable store net sales year-to-date for the 30-week period ended August 27, 2016 decreased 11.6 percent from comparable store net sales for the 30-week period ended August 29, 2015. Net sales for the 30-week fiscal period ended August 27, 2016 decreased 10.8 percent to $542.9 million from net sales of $608.8 million for the prior year 30-week fiscal period ended August 29, 2015.

Please note that net sales for the 4-week and 30-week periods ended August 27, 2016 are reported net of the impact of both reward redemptions and accruals for estimated future rewards related to the Company’s new Guest Loyalty program, which launched during the fiscal quarter ended April 30, 2016.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Retail Sales

Related Entities

Earnings

Add Your Comment