Buckle Inc (NYSE:BKE)
$ 37.58 0.6 (1.62%) Market Cap: 1.91 Bil Enterprise Value: 1.93 Bil PE Ratio: 8.52 PB Ratio: 4.59 GF Score: 79/100
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December 2019 Buckle Inc Corporate Sales Call (Pre-recorded) Transcript

Jan 09, 2020 / 12:00PM GMT
Release Date Price: $25.21 (-5.08%)
Adam Akerson
The Buckle, Inc. - Controller & Assistant Treasurer

Hi. This is Adam Akerson with Buckle, and this is a recording of Buckle's commentary related to the company's December 2019 sales press release.

Our January 9, 2020 press release reported that comparable store sales for stores open at least 1 full year for the 5-week period ended January 4, 2020, increased 5% in comparison to the prior year 5-week period ended January 5, 2019. Total net sales for the 5-week fiscal month increased 4.8% to $143.9 million compared to net sales of $137.4 million in the prior year 5-week fiscal month ended January 5, 2019.

Due to the later Thanksgiving holiday this year, Cyber Monday shifted from fiscal November in 2018 to fiscal December in 2019. This shift positively impacted both total and comparable store net sales for the month. Excluding online sales, our brick-and-mortar comparable store net sales for the 5-week period ended January 4, 2020, increased 1.9% from brick-and-mortar comparable store net sales for the 5-week period ended January 5, 2019.

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