The Buckle, Inc. saw a 19.1% jump in comparable store sales for fiscal January. Total net sales increased 26.4% compared to the 4-week period ended February 3, 2007. Net sales for the four-week fiscal month decreased 2.3% to $39.2 million from net sales of $40.1 million for the prior year 5-week fiscal month last year.
Comparable store net sales for the fourth quarter ended February 2, 2008 increased 18.7% from comparable store net sales for the 13-week period ended February 3, 2007. Total net sales were up 25.3% compared to the 13-week period ended February 3, 2007. Net sales for the 13-week fourth quarter ended February 2, 2008 increased 18.4% to $207.1 million compared to net sales of $175.0 million for the prior year 14-week fourth quarter ended February 3, 2007.
Comparable store net sales for the fiscal year ended February 2, 2008 increased 13.2% from comparable store net sales for the 52-week period ended February 3, 2007. Total net sales were up 18.8% compared to the 52-week period ended February 3, 2007. Net sales for the 52-week fiscal year ended February 2, 2008 increased 17.0% to $620.0 million from net sales of $530.1 million for the prior year 53-week fiscal year ended February 3, 2007.
Due to the 53rd week in fiscal 2006, comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 52-week periods ended February 3, 2007.
During the 4-week period ended February 2, 2008, the company repurchased 30,000 shares of its common stock at an average price of $31.95 per share. These shares were purchased pursuant to the 500,000 share corporate stock repurchase program authorized by the Board of Directors on November 27, 2007. The company has 237,600 shares remaining under this authorization.
