The Buckle, Inc. reported sales for the five-week period ended October 2, 2004 increased 4.6% to $43.4 million from sales of $41.5 million in the corresponding five-week period ended October 4, 2003.
Comparable store sales, for stores open at least one year, for the five-week period ended October 2, 2004 increased 0.3% from comparable store sales for the prior year five-week period ended October 4, 2003.
Net sales year-to-date, for the 35 weeks ended October 2, 2004 increased 12.6 percent to $289.4 million from $257.0 million for the corresponding 35 weeks in the prior year. Comparable store sales year-to-date were up 7.4 percent from sales in the same 35-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 five and thirty-five week periods ended October 2, 2004 reflect the impact of this change.
During the five weeks ended October 2, 2004, the Company purchased 25,000 shares of the Company's common stock at an average price of $26.73 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 18,675 shares remaining to be purchased to complete this authorization.
