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Buckle Inc sales for 5-week period rises 3%

07
Oct '05
Leading apparel retailer Buckle Inc announced that sales for the five-week period ended October 1, 2005 increased by 3.0 percent to $44.7 million from sales of $43.4 million in the corresponding five-week period ended October 2, 2004.

Comparable-store sales, for stores open at least one year and including stores closed during the month due to weather, for the five-week period ended October 1, 2005 decreased 1.4 percent from comparable-store sales for the prior year five-week period ended October 2, 2004.

Net sales year-to-date, for the 35-week period ended October 1, 2005 increased 6.5 percent to $308.3 million from sales of $289.4 million for the same 35-week period a year ago. Comparable-store sales year-to-date increased 2.1 percent from comparable-store sales in the same 35-week period last year.
During fiscal September, the Company had 23 stores directly affected by hurricanes and incurred 153 full days of lost sales from the related store closings.

The Company estimates that these closures negatively impacted September comparable store results by slightly less than 1.0 percent. Two stores were closed the entire month due to Hurricane Katrina and remain closed as restoration efforts continue. Landlords currently project mall re-openings for these stores prior to Holiday 2005. Additionally, two stores have been closed since September 22nd due to Hurricane Rita and are waiting for power and water to be restored in their areas. Landlords have indicated that these stores should be able to re-open within the next couple weeks.


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