Contact: Thomas B. Heacock, Chief Financial Officer The Buckle, Inc.
(308) 236-8491
The Buckle, Inc. Press Release Narrative for 3/4/2021
Our March 4, 2021 press release reported that comparable store sales, for stores open at least one full year, for the four-week period ended February 27, 2021, increased 5.3 percent in comparison to the prior year four-week period ended February 29, 2020. Total net sales for the four-week fiscal month increased 5.0 percent to $66.1 million compared to net sales of $63.0 million in the prior year four-week fiscal month ended February 29, 2020.
On the men's side of the business, total sales for the four-week fiscal period ended February 27, 2021 were up 4.5 percent in comparison to the prior year four-week period ended February 29, 2020. The men's business represented approximately 50.5 percent of total sales for both the current and prior year fiscal February. 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 February 27, 2021 were up approximately 3.5 percent in comparison to the prior year four- week period ended February 29, 2020. The women's business represented approximately 49.5 percent of total sales for both the current and prior year fiscal February. For the fiscal month, overall price points on the women's side of the business were up about 4.5 percent.
Within the men's and women's categories combined, accessory sales for the fiscal month were up approximately 5.0 percent in comparison to the prior year fiscal February, and footwear sales were up about 24.5 percent. These two categories accounted for approximately 8.5 percent and 10.5 percent, respectively, of the current fiscal February net sales. This compares with approximately 8.5 percent and 9.0 percent, respectively, for each in the prior year fiscal February. Average accessory price points were up approximately 2.5 percent and average footwear price points were up about 1.5 percent for the fiscal month.
For the month, UPT's were down slightly while the average transaction value increased approximately 2.0 percent compared to the prior year fiscal February.
Buckle currently operates 442 retail stores in 42 states compared to 446 stores in 42 states as of March 4, 2020.
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 04 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2021 11:58:01 UTC.
The Buckle, Inc. is a retailer of casual apparel, footwear and accessories. The Company operates approximately 441 retail stores in 42 states throughout the United States. It markets a wide selection of casual apparel including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The Company offers denim from brands, such as Miss Me, Rock Revival, KanCan, Hidden, Flying Monkey, Levi's, Preme, Smoke Rise, Ariat, Good American, and Wrangler. Its other 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, SAXX, Ray-Ban, Wanakome, Guess, Fossil, Brixton, Dr. Martens, Very G, Birkenstock, Bed Stu, Palladium, Mia, K-Swiss, Myra, STS and G-Shock.
THE BUCKLE, INC. 
