The Buckle Inc announced that net sales for the 4-week fiscal month ended September 1, 2007 increased 16.3 percent to $59.9 million from net sales of $51.5 million for the prior year 4-week fiscal month ended August 26, 2006.
Comparable store net sales, for stores open at least one year, increased 16.7 percent from comparable store net sales for the 4-week period ended September 2, 2006. Total sales were up 22.9 percent compared to the same 4-week period ended September 2, 2006.
Net sales year-to-date, for the 30-week fiscal period ended September 1, 2007, increased 15.9 percent to $305.3 million from net sales of $263.5 million for the prior year 30-week fiscal period ended August 26, 2006.
Comparable store net sales year-to-date increased 9.8 percent from comparable store net sales for the 30-week period ended September 2, 2006.
Due to the 53rd week in fiscal 2006, comparable store net sales for the month and year-to-date periods are compared to the 4-week and 30-week periods ended September 2, 2006.
During the four-week period ended September 1, 2007, the Company repurchased 95,700 shares of its common stock at an average price of $34.38 per share.
These shares were purchased pursuant to the 1,500,000 share corporate stock repurchase program authorized by the Board of Directors. The Company has 284,400 shares remaining to be purchased to complete this authorization.
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