The Buckle, Inc. Press Release Narrative for 1/9/2025

Our January 9, 2025 press release reported that comparable store sales, for stores open at least one full year, for the five-week period ended January 4, 2025, increased 4.6 percent in comparison to the prior year five-week period ended January 6, 2024. Total net sales for the five-week fiscal month decreased 0.8 percent to $202.1 million compared to net sales of $203.8 million in the prior year five-week fiscal month ended December 30, 2023.

On the men's side of the business, total sales for the five-week fiscal period ended January 4, 2025 increased 2.5 percent in comparison to the prior year five-week period ended January 6, 2024. The men's business represented approximately 60.0 percent of total sales for the month, versus approximately 62.0 percent for the same period in the prior year. For the fiscal month, overall price points on the men's side of the business were up about 1.0 percent.

On the women's side of the business, total sales for the five-week fiscal period ended January 4, 2025 increased 11.0 percent in comparison to the prior year five-week period ended January 6, 2024. The women's business represented approximately 40.0 percent of total sales for the month, versus approximately 38.0 percent in the same period a year ago. For the fiscal month, overall price points on the women's side of the business increased about 1.0 percent.

Within the men's and women's categories combined, accessory sales for the fiscal month were up approximately 9.5 percent in comparison to the prior year five-week period ended January 6, 2024, while footwear sales were down about 5.0 percent. These two categories accounted for approximately 12.5 percent and 5.5 percent, respectively, of the current fiscal December net sales. This compares with approximately 12.0 percent and 6.0 percent, respectively, for each in the prior year. Average accessory price points for the month were down about 1.5 percent, and average footwear price points were up about 5.0 percent for the fiscal month.

For the month, UPT's increased approximately 0.5 percent and the average transaction value increased about 1.0 percent compared to the prior year five-week period ended January 6, 2024

Buckle currently operates 444 retail stores in 42 states, compared to 446 stores in 42 states as of January 9, 2024.

It is our Company policy not to provide any guidance on current sales or to project results for the next quarter. Additionally, any forward-looking statements made during this commentary involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission.