The Buckle (BKE) December Comps Fall 15.5%

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 December 31, 2016 decreased 15.5 percent in comparison to comparable store net sales for the 5-week period ended January 2, 2016. Net sales for the 5-week fiscal month ended December 31, 2016 decreased 15.1 percent to $154.6 million compared to net sales of $182.1 million for the prior year 5-week fiscal month ended January 2, 2016.

Comparable store net sales year-to-date for the 48-week period ended December 31, 2016 decreased 13.3 percent from comparable store net sales for the 48-week period ended January 2, 2016. Net sales for the 48-week fiscal period ended December 31, 2016 decreased 12.7 percent to $931.0 million from net sales of $1.067 billion for the prior year 48-week fiscal period ended January 2, 2016.

Please note that net sales for the 5-week and 48-week periods ended December 31, 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.

You May Also Be Interested In

• UBS Reiterates Neutral Rating on Buckle, Inc. (BKE)
• Sanuwave Q2 2026 revenue tops revised guidance range
• Piper Sandler Upgrades Patterson-UTI Energy (PTEN) to Overweight