Apparel retailer Buckle Inc declares Nov 2005 sales
02 Dec '05
2 min read
Leading apparel retailer Buckle Inc announced that sales for the four-week period ended November 26, 2005 increased by 5.6 percent to $42.5 million from sales of $40.3 million in the corresponding four-week period ended November 27, 2004.
Comparable-store sales, for stores open at least one year, for the four-week period ended November 26, 2005 rose 0.3 percent from comparable-store sales for the prior year four-week period ended November 27, 2004.
Net sales year-to-date, for the 43-week period ended November 26, 2005 increased 6.7 percent to $390.3 million from sales of $365.6 million for the same 43-week period a year ago.
Comparable-store sales year-to-date increased 2.0 percent from comparable-store sales in the same 43-week period last year.
During the four-week period ended November 26, 2005, the Company repurchased 53,300 shares of its common stock at an average price of $34.03 per share.
These shares were purchased pursuant to the 500,000-share corporate stock repurchase program authorized by the Board of Directors on October 12, 2005. The Company has 446,500 shares remaining to be purchased to complete this authorization.
Headquartered in Kearney, Nebraska, Buckle Inc is a retailer of casual apparel, footwear and accessories for young men and women. It currently operates 336 retail stores in 38 states compared to 327 stores in 38 states at this same time a yearago. The Company will open one new store later this month in Collierville, Tennessee.
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