Contact: Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
The Buckle, Inc. Press Release Narrative for 11/7/2019
Our November 7, 2019 press release reported that comparable store sales, for stores open at least one full year, for the four-week period ended November 2, 2019, increased 8.5 percent in comparison to the prior year four-week period ended November 3, 2018. Total net sales for the four-week fiscal month increased 8.0 percent to $69.6 million compared to net sales of $64.5 million in the prior year four-week fiscal month ended November 3, 2018.
On the men's side of the business, total sales for the four-week fiscal period ended November 2, 2019 were up 8.5 percent in comparison to the prior year four-week period ended November 3, 2018. The men's business represented approximately 51.0 percent of total sales for the fiscal month versus approximately 50.5 percent in the prior year fiscal October. For the fiscal month, overall price points on the men's side of the business were down approximately 1.0 percent.
On the women's side of the business, total sales for the four-week fiscal period ended November 2, 2019 were up approximately 4.5 percent in comparison to the prior year four- week period ended November 3, 2018. The women's business represented approximately
49.0 percent of total sales for the month versus approximately 49.5 percent in the prior year fiscal October. For the fiscal month, overall price points on the women's side of the business were down about 1.5 percent.
Within the men's and women's categories combined, accessory sales for the fiscal month were up approximately 9.5 percent in comparison to the prior year fiscal October, and footwear sales were up about 23.5 percent. These two categories accounted for approximately 7.5 percent and 9.0 percent, respectively, of the current fiscal October net sales. This compares with approximately 7.5 percent for each of these categories for the same period in the prior year. Average accessory price points were down approximately 5.0 percent and average footwear price points were down about 7.5 percent for the fiscal month.
For the month, UPT's decreased approximately 0.5 percent and the average transaction value was up slightly compared to the prior year fiscal October.
Buckle currently operates 449 retail stores in 42 states compared to 453 stores in 43 states as of November 7, 2018.
It is our Company policy not to provide any guidance on current sales or to project results for the next quarter. Additionally, any forward-looking statements made during this commentary 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.
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The Buckle Inc. published this content on 07 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2019 11:54:08 UTC
The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories. The Company operates approximately 440 retail stores in 42 states. The Company markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also provides customer services, such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. The Company offers denims from brands such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Other key brands include Hurley, Billabong, Affliction, American Fighter, Sullen, Howitzer, Oakley, Fox, RVCA, 7 Diamonds, Nixon, Free People, Z Supply, Salt Life, White Crow, Brew City, Reef, Stance, Versace Cologne, American Highway, Eight X, Pendelton, Hooey, Goorin Bros., Old Row, Timberland, Teva, Kimes Ranch, SOREL, Hey Dude, Steve Madden, Dolce Vita, and SAXX.
THE BUCKLE, INC. 
