24/11/2014

THE BUCKLE, INC. REPOR TS THIRD QUAR TER NET INCOME

Buckle©
KEARNEY , NE -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended November 1,2014 was $40.6 million , or $0.85 per share ($0.84 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended November 1, 2014 increased 1.9 percent to $292.2 million from net sales of $286.8 million for the prior year 13-week fiscal quarter ended November 2, 2013 . Comparable store net sales for the 13-week period ended November 1, 2014 decreased 0.3 percent from comparable store net sales for the prior year 13-week period ended November 2, 2013 . Online sales (which are not included in comparable store sales) increased 3.8 percent to $22.8 million for the 13-week period ended November 1, 2014 , compared to net sales of $22.0 million for the 13-week period ended November 2, 2013.

Net sales for the 39-week fiscal period ended November 1, 2014 increased 1.3 percent to $799.6 million from net sales of $789.0 million for the prior year 39-week fiscal period ended November 2, 2013 . Comparable store net sales for the 39-week period ended November 1, 2014 decreased 0.5 percent from comparable store net sales for the prior year 39-week period ended November 2, 2013 . Online sales (which are not included in comparable store sales) increased 2.8 percent to $61.4 million for the 39-week period ended November 1,2014 ,compared to net sales of $59.7 million for the 39-week period ended November 2, 2013.

Net income for the third quarter of fiscal 2014 was $40.6 million, or $0.85 per share ($0.84 per share on a diluted basis),compared with $40.6 million, or $0.85 per share ($0.85 per share on a diluted basis) for the third quarter of fiscal 2013.

Net income for the 39-week fiscal period ended November 1, 2014 was $102.4 million, or $2.14 per share ($2.13 per share on a diluted basis), compared with $103.3 million, or $2.17 per share ($2.15 per share on a diluted basis) for the 39-week period ended November 2, 2013.

Management will hold a conference call at 9:30 a.m. EST today to discuss results for the quarter. To participate in the call, please call (800) 230-1059 and reference the conference code 343649. A replay of the call will be available for a two-week period beginning today at 11:30 a.m. EST by calling (800) 475-6701 and entering the conference code 343649.

About Buckle

Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear , Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney , Nebraska, Buckle currently operates 463 retail stores in 44 states. As of the end of the fiscal quarter , it operated 461 stores in 44 states compared with 452 stores in 43 states at the end of the third quarter of fiscal 2013.

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