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The Buckle, Inc. Message Board

  • d.byrne1 d.byrne1 Aug 5, 2010 7:20 AM Flag

    July numbers not good! Time for another dividend!

    KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE - News) announced today that comparable store net sales, for stores open at least one year, for the four-week period ended July 31, 2010 decreased 9.3 percent from comparable store net sales for the four-week period ended August 1, 2009. Net sales for the four-week fiscal month ended July 31, 2010 decreased 3.9 percent to $59.1 million from net sales of $61.5 million for the prior year four-week fiscal month ended August 1, 2009.

    Comparable store net sales for the 13-week second quarter ended July 31, 2010 decreased 7.3 percent from comparable store net sales for the 13-week second quarter ended August 1, 2009. Net sales for the 13-week fiscal period ended July 31, 2010 decreased 2.2 percent to $188.6 million from net sales of $192.9 million for the prior year 13-week fiscal period ended August 1, 2009.

    Comparable store net sales year-to-date for the 26-week period ended July 31, 2010 decreased 2.0 percent from comparable store net sales for the 26-week period ended August 1, 2009. Net sales for the 26-week fiscal period ended July 31, 2010 increased 2.8 percent to $403.4 million from net sales of $392.6 million for the prior year 26-week fiscal period ended August 1, 2009.

    The Company will announce second quarter earnings the morning of Thursday, August 19, 2010. Management will hold a conference call at 11:30 a.m. EDT on August 19, 2010 to discuss results for the quarter. To participate in the call, please call (800) 230-1059 begin_of_the_skype_highlighting (800) 230-1059 end_of_the_skype_highlighting and reference the conference code 167165. A replay of the call will be available for a two-week period beginning August 19, 2010 at 1:30 p.m. EDT by calling (800) 475-6701 begin_of_the_skype_highlighting (800) 475-6701 end_of_the_skype_highlighting and entering the conference code 167165.

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    • Not surprising. This company is sensitive to unemployment levels. As long as unemployment grows this stock will be hurt. On the other hand, it takes time before new employed people feel better and start spending again. I see the sss numbers as a lagging indicator. The best exemple lies in 2008 figures when the market started to dive and BKE kept up with good sales figures, at that time it was also a lagging indicator.
      so even if the sss numbers come bad, i'd say that it's not an early indication of a second dip but rather the lasting effects of the last recession. We need now confidence in the future and companies starting to hire again.

 
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