The Buckle, Inc. announced sales for the month of January increased by 8.7% to $28.0 million from sales of $25.8 million in the corresponding quarter ending in 2005.
Comparable-store sales, for stores open at least one year, for the four-week period ended January 28, 2006 rose 3.0% from comparable-store sales for the prior year four-week period ended January 29, 2005.
Net sales year-to-date increased 6.4% to $501.1 million from sales of $470.9 million a year ago. Comparable-store sales year-to-date increased 1.4% from last year. Net sales for the fourth quarter increased 5.3% to $153.4 million compared to net sales of $145.6 million for the fourth quarter of fiscal 2004. Comparable store net sales, were down 0.1% for the January 2006 quarter compared with 2005.
During the four-week period ended January 28, 2006, the Company repurchased 51,900 shares of its common stock at an average price of $33.22 per share. These shares were purchased pursuant to the 500,000 share corporate stock repurchase program authorized by the Board of Directors on October 12, 2005. The Company has 189,600 shares remaining to be purchased to complete this authorization.
