The Buckle Inc announced that net sales for the four-week period ended August 26, 2006 decreased 5.0 percent to $51.5 million from net sales of $54.2 million in the corresponding four-week period ended August 27, 2005.
Comparable store net sales, for stores open at least one year, for the four-week period ended August 26, 2006 declined 8.5 percent from comparable store net sales for the prior year four-week period ended August 27, 2005.
Net sales year-to-date for the 30-week period ended August 26, 2006 decreased 0.1 percent to $263.5 million from net sales of $263.9 million for the same 30-week period a year ago.
Comparable store net sales year-to-date declined 4.5 percent from comparable store net sales for the same 30-week period last year.
During the four-week period ended August 26, 2006, the Company repurchased 119,300 shares of its common stock at an average price of $34.71 per share.
These shares were purchased pursuant to the 1,000,000 share corporate stock repurchase program authorized by the Board of Directors. The Company has 476,800 shares remaining to be purchased to complete this authorization.
Headquartered in Kearney, Nebraska, The Buckle Inc is a retailer of casual apparel, footwear and accessories for young men and women.
It currently operates 346 retail stores in 38 states compared to 333 stores in 38 states at this same time a year ago.
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