The Buckle, Inc. announced that sales for the four-week period ended May 31, 2003 increased 4.4 percent to $23.8 million from sales of $22.8 million in the corresponding four-week period ended June 1, 2002.
Comparable store sales, for stores open at least one year, for the four- week period ended May 31, 2003 were even with comparable store sales for the prior year four-week period ended June 1, 2002.
Net sales year-to-date, for the 17 weeks ended May 31, 2003 increased 2.8 percent to $105.5 million from $102.6 million for the corresponding 17 weeks in the prior year. Comparable store sales year-to-date were down 0.6 percent from sales in the same 17-week period of the previous year.
During the four weeks ended May 31, 2003 the Company purchased 40,000 shares of the Company’s common stock at an average price of $16.64 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 234,375 shares remaining to be purchased to complete this authorization.
