Published:
The Buckle, Inc. Announces New Stock Repurchase Authorization
The Buckle, Inc. (NYSE: BKE) announced today
that on November 20, 2008, its Board of Directors granted authorization for
a new corporate stock repurchase program.
The plan authorizes the Company to make repurchases from time to time on
the open market or through privately negotiated transactions, at the
discretion of the Executive Committee of the Board, in an amount up to
1,000,000 shares of common stock. The timing of the purchases and the
amount of stock repurchased will be dictated by financial and market
conditions.
The shares authorized for repurchase under the new repurchase program are
in addition to the shares remaining under the existing repurchase program
authorized by the Company's Board of Directors on November 27, 2007. As of
November 20, 2008, 74,400 of the 750,000 authorized shares are remaining
under the existing repurchase program.
About Buckle
Offering a unique mix of high-quality, on-trend apparel, accessories, and
footwear, Buckle caters to fashion-conscious young men and women. Known as
a denim destination, each store carries a wide selection of fits, styles,
and finishes from leading denim brands, including the Company's exclusive
brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates
388 retail stores in 39 states.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995; All forward-looking statements made by the Company 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. The Company does not
undertake to publicly update or revise any forward-looking statements even
if experience or future changes make it clear that any projected results
expressed or implied therein will not be realized.
News releases and other information about The Buckle, Inc. can be
found on the Internet at www.buckle.com
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,Lifestyle and Leisure:Women'sInterest, LifestyleandLeisure:Family, LifestyleandLeisure:Fashion, Retail:ConsumerInterest, Retail:E-Commerce, Retail:Apparel, ,NYSE0001,NYSE0001,NE,KEARNEY, NE
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