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THE BUCKLE, INC. REPORTS THIRD QUARTER NET PROFITS UP 58.8 PERCENT ON A 35.2 PERCENT SALES INCREASE

 THE BUCKLE, INC. REPORTS THIRD QUARTER NET PROFITS UP 58.8 PERCENT
 ON A 35.2 PERCENT SALES INCREASE
 KEARNEY, Neb., Nov. 12 /PRNewswire/ -- The Buckle, Inc. (NASDAQ-NMS: BKLE), today reported pro forma net income up 58.8 percent on a 35.2 percent sales increase for the third quarter ended Oct. 31, 1992.
 Net sales for the third quarter (13 weeks) ended Oct. 31, 1992, increased to $34,342,000 from $25,397,000 for the third quarter of the 1991 fiscal year. Comparable store sales rose 15.8 percent. In the 1992 third quarter the company operated 102 stores versus 85 stores in the 1991 period.
 Pro forma net income for the fiscal 1992 third quarter rose to $2,669,000, or 37 cents per share, on 7,184,000 average weighted shares outstanding from $1,681,000, or 28 cents per share, on 6,038,000 average weighted shares outstanding a year earlier.
 For the 39-week period ended Oct. 31, 1992, pro forma net income increased 60.6 percent to $4,893,000, or 76 cents per share, from $3,046,000, or 52 cents per share, in the 1991 nine months.
 Net sales for the first nine months of fiscal 1992 were up 30 percent to $78,681,000 from $60,544,000 in the 1991 period. Comparable store sales increased 10.2 percent.
 Headquartered in Kearney, The Buckle, Inc. is a retailer of casual apparel for young men and women, currently operating 104 stores in 17 states. The company's common shares are traded on the NASDAQ National Market System under the symbol BKLE.
 THE BUCKLE, INC.
 Statements of Income
 (Unaudited; in thousands except per share data)
 Periods 13 Weeks 39 Weeks
 Ended 10/31/92 11/2/91 10/31/92 11/2/91
 Net sales $34,342 $25,397 $78,681 $60,544
 Cost of sales 22,561 16,868 52,492 41,081
 Gross profit 11,781 8,529 26,189 19,463
 Selling expenses 6,355 4,949 15,301 12,342
 General and administrative
 expenses 1,148 901 2,997 2,193
 Income from operations 4,278 2,679 7,891 4,928
 Other income 91 55 108 25
 Income before income taxes 4,369 2,734 7,999 4,953
 Pro forma income taxes (A) 1,700 1,053 3,106 1,907
 Pro forma net income (A) $ 2,669 $ 1,681 $ 4,893 $ 3,046
 Pro forma net income
 per share (A) $0.37 $0.28 $0.76 $0.52
 Average number of shares
 outstanding 7,184 6,038 6,415 5,891
 (A) -- From Feb. 1, 1988, to May 2, 1992, the company elected to be taxed as an S Corporation, therefore the pro forma income taxes are based on estimated corporate income tax rates that would have been applied if it had been operating as a C Corporation.
 -0- 11/12/92
 /CONTACT: Daniel J. Hirschfeld, chairman and CEO, or Karen B. Rhoads, chief financial officer of The Buckle, 308-236-8491/
 (BKLE) CO: The Buckle, Inc. ST: Nebraska IN: REA SU: ERN


GK-TS -- NY019 -- 0086 11/12/92 10:07 EST
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Date:Nov 12, 1992
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