The Buckle, Inc. Reports January 2014 Net Sales

Thu Feb 6, 2014 7:00am EST

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The Buckle, Inc. Reports January 2014 Net Sales

The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended February 1, 2014 decreased 6.6 percent from comparable store net sales for the four-week period ended February 2, 2013. Net sales for the four-week fiscal month ended February 1, 2014 decreased 27.9 percent to $56.9 million from net sales of $78.8 million for the prior year five-week fiscal month ended February 2, 2013.

January 2014 was a 4-week fiscal period, ending The Buckle, Inc.’s 52-week fiscal year. January 2013 was a 5-week fiscal period, ending a 53-week fiscal year. Comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 52-week periods ended February 2, 2013.

Comparable store net sales for the 13-week fourth quarter ended February 1, 2014 decreased 2.8 percent from comparable store net sales for the 13-week period ended February 2, 2013. Net sales for the 13-week fiscal fourth quarter ended February 1, 2014 decreased 6.0 percent to $339.0 million compared to net sales of $360.6 million for the prior year 14-week fiscal fourth quarter ended February 2, 2013.

Comparable store net sales year-to-date for the 52-week period ended February 1, 2014 were flat in comparison to the 52-week period ended February 2, 2013. Net sales for the 52-week fiscal year ended February 1, 2014 increased 0.4 percent to $1.128 billion from net sales of $1.124 billion for the prior year 53-week fiscal year ended February 2, 2013.

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 449 retail stores in 43 states compared to 440 stores in 43 states as of February 6, 2013. This includes the closure of one store this week. 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

The Buckle, Inc.
Karen B. Rhoads, 308-236-8491
Chief Financial Officer

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