$BKE (The Buckle, Inc.)

$BKE {{ '2016-07-07T22:19:27+0000' | timeago}} • Announcement

Apparel and footwear company $BKE said that for the 5-week period ended July 2, 2016, comparable store net sales, for stores open at least one year, fell 10.6% vs. 5-week period ended July 4, 2015. Net sales for the 5-week fiscal month ended July 2, 2016 fell 10.1%to $78.3MM vs. $87.1MM for the prior year 5-week fiscal month ended July 4, 2015.

$BKE {{ '2017-07-21T15:16:28+0000' | timeago}} • Announcement

$BKE has appointed Thomas Heacock as its VP of Finance, Treasurer and CFO with immediate effect. Heacock previously served as the company’s VP of Finance, Treasurer and Corporate Controller. He’s with the company since Oct, 2003. Heacock replaces Karen Rhoads, who in May announced her intention to retire.

$BKE {{ '2017-07-06T14:17:05+0000' | timeago}} • Announcement

$BKE said its comparable store net sales, for stores open at least one year, for the 5-week period ended July 1, 2017 slid 5.8% YoY. Net sales for this period fell 5.9% to $73.6MM compared to net sales of $78.3MM for the prior-year period.

$BKE {{ '2017-05-18T15:42:48+0000' | timeago}} • Webcast

$BKE continues to look at new ways to market the online business and make improvements here. $BKE believes that some of the decline in this business in 1Q17 was due to the retail prices being down an average of 6.5% for the company. $BKE also reduced some of the markdown in denim. The company will work on growing this business.

$BKE {{ '2017-05-18T12:21:43+0000' | timeago}} • Announcement

$BKE CFO Karen Rhoads will retire later this summer. She will continue to serve as a member of the company’s BoD. The Board has engaged an executive search firm to assist with the search for Rhoads’ replacement.

$BKE {{ '2017-05-18T12:18:40+0000' | timeago}} • Announcement

Adding to the mounting woes in the retail industry, $BKE reported 13% decline in net sales in 1Q17 to $212.3MM. Comparable store sales decreased 12.7%, while online sales were down 7.2% to $21.8MM. Net income slipped to $16.3MM, or $0.34 per share, from $23.1MM, or $0.48 per share a year ago.

$BKE {{ '2017-05-04T18:14:29+0000' | timeago}} • Announcement

$BKE reported net sales for the month of April 2017 of $62.6MM, down 3.9% from $65.2MM last year. Comparable store net sales, for stores open at least one year, declined 3.5%. For the 13-week period ended April 29, 2017, net sales fell 12.8% to $212.3MM and comparable store net sales dropped 12.7%.

$BKE {{ '2017-04-06T14:02:53+0000' | timeago}} • Announcement

$BKE reported comparable store net sales, for stores open at least one year, for the month of March 2017 decreased 10.1%. Net sales for the month of March declined 10.1% to $86.8MM from last year. Net sales for the 9-week period ended April 1, 2017 dropped 16.1% to $149.6MM and comparable store sales decreased 16.1%.

$BKE {{ '2017-03-10T14:48:02+0000' | timeago}} • Webcast

$BKE said the decline in online sales in 4Q16 was partly due to some impact from the markdown on denim versus last year. The clearance on tops was also not as efficient as the previous year. $BKE will audit and review its marketing and digital areas to see what improvements can be made and believes it can change the trend in the near future.

$BKE {{ '2017-03-10T14:34:05+0000' | timeago}} • Webcast

$BKE's men’s merchandise sales for 4Q16 were down approx. 9%. The men’s business was approx. 53% of net sales in 4Q16. Women’s merchandise sales were down approx. 21% and this category was approx. 47% of sales in 4Q16. Combined accessories sales were down approx. 12.5% and combined footwear sales were down approx. 20.5% for 4Q16.

$BKE {{ '2017-03-10T14:27:53+0000' | timeago}} • Webcast

$BKE's average sales per square foot for FY16 was $370 compared to $430 in FY15. Average sales per store were $1.9MM compared to $2.2MM for FY15. $BKE ended 2016 with 467 retail stores in 44 states. The company’s total square footage was 2.392MM square feet at 2016-end.

$BKE {{ '2017-03-10T14:17:33+0000' | timeago}} • Webcast

In 4Q16, $BKE’s online sales decreased 8.8% to $32.2MM. Gross margin for the quarter was 44.9%, down approx. 210BP from 47% last year. The decrease was driven primarily by deleveraged occupancy, buying and distribution expenses relating from the comparable store sales decline which had about a 270BP impact.

$BKE {{ '2017-03-10T12:19:56+0000' | timeago}} • Announcement

Challenging and evolving retail environment as well as lower sales hurt $BKE's earnings in 4Q16. Net income fell to $36MM or $0.74 per share from $54.34MM or $1.13 per share last year. Sales dropped to $279.96MM from $332.03MM. Comparable store net sales decreased 16.1%.

$BKE {{ '2017-03-02T17:34:12+0000' | timeago}} • Announcement

$BKE reported net sales for the month of February 2017 of $62.8MM, down 23.3% from $81.8MM last year. Comparable store net sales, for stores open at least one year, for February 2017 decreased 23.2%.

$BKE {{ '2017-02-02T17:33:32+0000' | timeago}} • Announcement

$BKE said that comparable store net sales, for stores open at least one year, for January 2017 decreased 17.6%. Net sales fell 17.2% to $43.9MM from $53MM last month. For 4Q16, comparable sales declined 16.1% and net sales tumbled 15.7% to $280MM. For FY16, comparable sales dipped 13.5% and net sales plunged 12.9% to $974.9MM.

$BKE {{ '2017-01-05T17:54:01+0000' | timeago}} • Announcement

$BKE reported that comparable store net sales, for stores open at least one year, for the month of December 2016 declined 15.5%. Net sales for the month fell 15.1% to $154.6MM from last year. For the 48-week period ended Dec. 31, 2016, comparable store sales decreased 13.3% and net sales tumbled 12.7% to $931MM.

$BKE {{ '2016-12-06T19:45:20+0000' | timeago}} • Announcement

$BKE's BoD authorized a special cash dividend of $0.75 per share, payable on Jan. 25, 2017 to shareholders of record on Jan. 13, 2017. The BoD also authorized a quarterly dividend of $0.25 per share, payable on Jan. 26, 2017 to shareholders of record on Jan. 13, 2017.

$BKE {{ '2016-12-01T15:57:10+0000' | timeago}} • Announcement

$BKE's comparable store net sales, for stores open at least one year, for the month of November 2016 decreased 16.2%. Net sales for the month fell 15.9% to $81.5MM from $96.9MM a year ago. For the 43-week period ended Nov. 26, 2016, net sales dropped 12.2% to $776.5MM and comparable store net sales fell 12.9%.

$BKE {{ '2016-11-18T15:33:40+0000' | timeago}} • Webcast

$BKE's Men's business represented about 46% of net sales, up 3% from a year ago and average men's price points was down about 3.5% to $55. Women's business was down 3% to 54% of net sales, and average women's price points decreased 9% to $47.35.

$BKE {{ '2016-11-18T15:33:17+0000' | timeago}} • Webcast

$BKE said it ended 3Q16 with 470 retails stores in 44 states compared to 468 stores in 3Q15 and expected to open 5 new stores for rest of FY16. Total square footage was 2.403MM square feet.

$BKE {{ '2016-11-18T15:22:20+0000' | timeago}} • Webcast

$BKE's online sales was $23.7MM, down 8.5% from a year ago. Gross margin was down 140 BP to 40.5%, driven by deleveraged occupancy, buying and distribution expenses, resulting from comp store sales decline.

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