The Buckle, Inc. net sales for the month ended July 1, 2006 decreased 2.0% to $37.3 million from net sales of $38.1 million in the corresponding five-week period ended July 2, 2005. Comparable-store net sales, for stores open at least one year, for the five-week period ended July 1, 2006 decreased 5.9% from comparable-store net sales for the prior year five-week period ended July 2, 2005.
Net sales year-to-date for the 22-week period ended July 1, 2006 increased 2.0 percent to $178.0 million from net sales of $174.5 million for the same 22-week period a year ago. Comparable-store net sales year-to-date declined 2.6 percent from comparable-store net sales for the same 22-week period last year.
During the five week period ended July 1, 2006, the Company repurchased 65,000 shares of its common stock at an average price of $41.04 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 608,300 shares remaining to be purchased to complete this authorization.
