Contact: Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491
The Buckle, Inc. Press Release Narrative for 1/5/23
Our January 5, 2023 press release reported that comparable store sales, for stores open at least one full year, for the five-week period ended December 31, 2022, increased 7.0 percent in comparison to the prior year five-week period ended January 1, 2022. Total net sales for the five-week fiscal month increased 7.9 percent to $214.5 million compared to net sales of $198.7 million in the prior year five-week fiscal month ended January 1, 2022.
On the men's side of the business, total sales for the five-week fiscal period ended December 31, 2022 increased 12.5 percent in comparison to the prior year five-week period ended January 1, 2022. The men's business represented approximately 60.5 percent of total sales for the month versus approximately 57.5 percent in the prior year fiscal December. For the fiscal month, overall price points on the men's side of the business were up approximately 7.5 percent.
On the women's side of the business, total sales for the five-week fiscal period ended December 31, 2022 increased 0.5 percent in comparison to the prior year five-week period ended January 1, 2022. The women's business represented approximately 39.5 percent of total sales for the month versus approximately 42.5 percent in the prior year fiscal December. For the fiscal month, overall price points on the women's side of the business were up approximately 5.5 percent.
Within the men's and women's categories combined, accessory sales for the fiscal month were up approximately 16.0 percent in comparison to the prior year fiscal December, while footwear sales were down approximately 4.0 percent. These two categories accounted for approximately 12.0 percent and 9.5 percent, respectively, of the current fiscal December net sales. This compares with approximately 11.0 percent and 10.5 percent, respectively, for each in the prior year fiscal December. Average accessory price points for the month were up approximately 9.0 percent, while average footwear price points were up slightly for the fiscal month.
For the month, UPT's were up slightly while the average transaction value increased approximately 7.5 percent compared to the prior year fiscal December.
Buckle currently operates 441 retail stores in 42 states compared to 440 stores in 42 states as of January 5, 2022.
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 05 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2023 11:57:01 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. 
