The Buckle, Inc. Press Release Narrative for 11/4/2021

For Immediate Release: November 4, 2021

Contact: Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

[phone]

The Buckle, Inc. Press Release Narrative for 11/4/2021

Our November 4, 2021 press release reported that comparable store sales, for stores open at least one full year, for the four-week period ended October 30, 2021, increased 23.3 percent in comparison to the prior year four-week period ended October 31, 2020. Total net sales for the four-week fiscal month increased 23.6 percent to $96.5 million compared to net sales of $78.1 million in the prior year four-week fiscal month ended October 31, 2020.

On the men's side of the business, total sales for the four-week fiscal period ended October 30, 2021 were up 26.0 percent in comparison to the prior year four-week period ended October 31, 2020. The men's business represented approximately 51.5 percent of total sales for the month versus approximately 50.5 percent the prior year fiscal October. For the fiscal month, overall price points on the men's side of the business were down approximately 2.0 percent.

On the women's side of the business, total sales for the four-week fiscal period ended October 30, 2021 were up approximately 20.5 percent in comparison to the prior year four- week period ended October 31, 2020. The women's business represented approximately 48.5 percent of total sales for the month versus approximately 49.5 percent the prior year fiscal October. For the fiscal month, overall price points on the women's side of the business were up approximately 3.5 percent.

Within the men's and women's categories combined, accessory sales for the fiscal month were up approximately 25.0 percent in comparison to the prior year fiscal October, and footwear sales were up about 20.0 percent. These two categories accounted for approximately 8.0 percent and 11.0 percent, respectively, of the current fiscal October net sales. This compares with approximately 8.0 percent and 11.5 percent, respectively, for each in the prior year fiscal October. Average accessory price points were up approximately 7.0 percent and average footwear price points were up about 1.0 percent for the fiscal month.

For the month, UPT's were down approximately 2.5 percent and the average transaction value decreased approximately 1.5 percent compared to the prior year fiscal October.

Buckle currently operates 441 retail stores in 42 states compared to 446 stores in 42 states as of November 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.