The Buckle (BKE) Comps Fell 15.5% in Sept. 2016

The Buckle, Inc. (NYSE: BKE) announced that comparable store net sales, for stores open at least one year, for the 5-week period ended October 1, 2016 decreased 15.5 percent in comparison to comparable store net sales for the 5-week period ended October 3, 2015. Net sales for the 5-week fiscal month ended October 1, 2016 decreased 14.8 percent to $82.9 million compared to net sales of $97.4 million for the prior year 5-week fiscal month ended October 3, 2015.

Comparable store net sales year-to-date for the 35-week period ended October 1, 2016 decreased 12.1 percent from comparable store net sales for the 35-week period ended October 3, 2015. Net sales for the 35-week fiscal period ended October 1, 2016 decreased 11.4 percent to $625.8 million from net sales of $706.2 million for the prior year 35-week fiscal period ended October 3, 2015.

Please note that net sales for the 5-week and 35-week periods ended October 1, 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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