The Buckle, Inc. reported a 13.5% jump in comparable store sales for fiscal December. Net sales for the five-week fiscal month ended January 3, 2009 increased 20.8% to $131.2 million from $108.5 million for the year-ago period.
Comparable store net sales year-to-date for the 48-week period ended January 3, 2009 increased 21.0% from comparable store net sales for the 48-week period ended January 5, 2008. Net sales for the 48-week fiscal period ended January 3, 2009 increased 28.1% to $744.0 million from net sales of $580.9 million for the prior year 48-week fiscal period ended January 5, 2008.
During the five-week fiscal month ended January 3, 2009, the company repurchased 165,000 shares of its common stock at an average price of $17.99 per share. These shares were purchased pursuant to the 1,000,000 share corporate stock repurchase program authorized by the Board of Directors on November 20, 2008. The company had 800,000 shares remaining to complete this authorization as of the end of the fiscal month.
