The Buckle's sales for the four-week period ended May 29, 2004 increased 14.9% to $27.3 million from sales of $23.8 million in the corresponding four-week period ended May 31, 2003.
Comparable store sales, for stores open at least one year, for the four-week period ended May 29, 2004 increased 8.3 percent from comparable store sales for the prior year four-week period ended May 31, 2003.
Net sales year-to-date, for the seventeen weeks ended May 29, 2004 increased 15.7 percent to $122.1 million from $105.5 million for the corresponding seventeen weeks in the prior year. Comparable store sales year-to-date were up 11.0 percent from sales in the same seventeen-week period of the previous year.
Beginning with the four-week period ended May 1, 2004, the Company changed its method of reporting comparable store sales to exclude internet sales. Comparable store sales reported above for the four and seventeen week periods ended May 29, 2004 reflect the impact of this change.
During the four weeks ended May 29, 2004, the Company purchased 40,000 shares of the Company's common stock at an average price of $26.00 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 109,375 shares remaining to be purchased to complete this authorization.
