The Buckle (BKE) Comps Fell 11% in May 2016

The Buckle, Inc. (NYSE: BKE) announced that comparable store net sales, for stores open at least one year, for the 4-week period ended May 28, 2016 decreased 11.0 percent in comparison to comparable store net sales for the 4-week period ended May 30, 2015. Net sales for the 4-week fiscal month ended May 28, 2016 decreased 10.4 percent to $67.4 million compared to net sales of $75.2 million for the prior year 4-week fiscal month ended May 30, 2015.

Comparable store net sales year-to-date for the 17-week period ended May 28, 2016 decreased 11.1 percent from comparable store net sales for the 17-week period ended May 30, 2015. Net sales for the 17-week fiscal period ended May 28, 2016 decreased 10.3 percent to $310.9 million from net sales of $346.6 million for the prior year 17-week fiscal period ended May 30, 2015.

Please note that net sales for the 4-week and 17-week periods ended May 28, 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.

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