The Buckle, Inc. reported that sales for the five-week period ended January 3, 2004 increased 9.3% to $73.0 million from sales of $66.7 million in the year-ago period. Comparable store sales increased 4.8% from the prior year five-week period ended January 4, 2003.
Net sales year-to-date, for the 48 weeks ended January 3, 2004 increased 5.4 percent to $400.2 million from $379.5 million for the corresponding 48 weeks in the prior year. Comparable store sales year-to-date were up 1.2 percent from sales in the same 48-week period of the previous year.
During the five weeks ended January 3, 2004, the Company purchased 65,000 shares of the Company's common stock at an average price of $21.42 per share. These shares were purchased pursuant to the corporate stock repurchase program authorized by the Board of Directors on December 27, 2000. The Company has 154,375 shares remaining to be purchased to complete this authorization.
