Buckle Inc. Reports January Comps Drop 1.2%

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The Buckle Inc. saw an increase in overall net sales during the January 2 to January 30 fiscal period; however, the company’s new store openings allowed for higher transaction rates.

Despite the net sales increase, The Buckle Inc’s comparable store net sales decreased by 1.2% during the January 2 to January 30 fiscal period.

Here’s what SportOneSource said:

The Buckle, Inc. said same-store salesĀ for the four-week period ended January 30, 2010 decreased 1.2% from comparable store net sales for the four-week period ended January 31, 2009. Net sales for the four-week fiscal month ended January 30, 2010 increased 4.4%to $50.2 million from net sales of $48.0 million for the prior year four-week fiscal month ended January 31, 2009.

Comparable store net sales for the 13-week fourth quarter ended January 30, 2010 increased 3.8% from comparable store net sales for the prior year 13-week fourth quarter ended January 31, 2009. Net sales for the 13-week fiscal period ended January 30, 2010 increased 9.2% to $274.4 million from net sales of $251.4 million for the prior year 13-week fiscal period ended January 31, 2009.

Comparable store net sales year-to-date for the 52-week period ended January 30, 2010 increased 7.8% from comparable store net sales for the 52-week period ended January 31, 2009. Net sales for the 52-week fiscal period ended January 30, 2010 increased 13.4 percent to $898.3 million from net sales of $792.0 million for the prior year 52-week fiscal period ended January 31, 2009.