The Buckle, Inc. Reports Second Quarter Net Income

KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended August 2, 2025 was $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended August 2, 2025 increased 8.3 percent to $305.7 million from net sales of $282.4 million for the prior year 13-week fiscal quarter ended August 3, 2024. Comparable store net sales for the 13-week fiscal quarter ended August 2, 2025 increased 7.3 percent from comparable store net sales for the prior year 13-week period ended August 3, 2024. Online sales increased 17.7 percent to $43.6 million for the 13-week fiscal quarter ended August 2, 2025, compared to net sales of $37.0 million for the 13-week fiscal quarter ended August 3, 2024.

Net sales for the 26-week fiscal period ended August 2, 2025 increased 6.1 percent to $577.9 million from net sales of $544.9 million for the prior year 26-week fiscal period ended August 3, 2024. Comparable store net sales for the 26-week period ended August 2, 2025 increased 5.2 percent from comparable store net sales for the prior year 26-week period ended August 3, 2024. Online sales increased 10.5 percent to $90.0 million for the 26-week period ended August 2, 2025, compared to net sales of $81.4 million for the 26-week period ended August 3, 2024.

Net income for the second quarter of fiscal 2025 was $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis), compared with net income of $39.3 million, or $0.79 per share ($0.78 per share on a diluted basis) for the second quarter of fiscal 2024.

Net income for the 26-week fiscal period ended August 2, 2025 was $80.2 million, or $1.60 per share ($1.59 per share on a diluted basis), compared with net income of $74.1 million, or $1.49 per share ($1.48 per share on a diluted basis) for the 26-week period ended August 3, 2024.

Management will hold a live audio webcast at 10:00 a.m. EDT today to discuss results for the quarter. To register for the live event, please visit https://buckle.zoom.us/webinar/register/WN_kxGn9uXlSZaxqrYaGpgENw. A replay of the event can be accessed through Buckle’s investor relations website within twenty-four hours after the conclusion of the live event (https://corporate.buckle.com/investors/earnings-webcasts).

About Buckle

Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. 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 440 retail stores in 42 states. As of the end of the fiscal quarter, it operated 440 stores in 42 states compared with 440 stores in 42 states at the end of the second quarter of fiscal 2024.

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.

Note: News releases and other information on The Buckle, Inc. can be accessed at www.buckle.com.

Financial Tables to Follow

THE BUCKLE, INC.   CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) (Unaudited)
	Thirteen Weeks Ended								Twenty-Six Weeks Ended
	August 2, 2025				August 3, 2024				August 2, 2025				August 3, 2024
SALES, Net of returns and allowances	$	305,737			$	282,392			$	577,858			$	544,872
COST OF SALES (Including buying, distribution, and occupancy costs)		160,728				149,858				305,873				291,641
Gross profit		145,009				132,534				271,985				253,231
OPERATING EXPENSES:
Selling		73,900				70,742				141,099				134,468
General and administrative		14,768				13,532				30,999				28,107
		88,668				84,274				172,098				162,575
INCOME FROM OPERATIONS		56,341				48,260				99,887				90,656
OTHER INCOME, Net		3,270				3,733				6,337				7,487
INCOME BEFORE INCOME TAXES		59,611				51,993				106,224				98,143
INCOME TAX EXPENSE		14,605				12,738				26,025				24,045
NET INCOME	$	45,006			$	39,255			$	80,199			$	74,098
EARNINGS PER SHARE:
Basic	$	0.90			$	0.79			$	1.60			$	1.49
Diluted	$	0.89			$	0.78			$	1.59			$	1.48
Basic weighted average shares		50,199				49,854				50,199				49,854
Diluted weighted average shares		50,627				50,221				50,584				50,197

THE BUCKLE, INC.   CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) (Unaudited)
ASSETS	August 2, 2025				February 1, 2025 (1)				August 3, 2024
CURRENT ASSETS:
Cash and cash equivalents	$	297,811			$	266,929			$	287,266
Short-term investments		22,118				23,801				21,856
Receivables		7,704				6,758				7,698
Inventory		142,486				120,789				131,418
Prepaid expenses and other assets		23,183				20,932				20,962
Total current assets		493,302				439,209				469,200
PROPERTY AND EQUIPMENT		527,716				510,088				500,236
Less accumulated depreciation and amortization		(368,933	)			(364,336	)			(360,903	)
		158,783				145,752				139,333
OPERATING LEASE RIGHT-OF-USE ASSETS		334,703				289,793				292,194
LONG-TERM INVESTMENTS		29,630				28,116				26,984
OTHER ASSETS		12,214				10,303				12,560
Total assets	$	1,028,632			$	913,173			$	940,271
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	72,630			$	45,982			$	62,820
Accrued employee compensation		30,030				46,717				24,478
Accrued store operating expenses		28,087				19,266				26,124
Gift certificates redeemable		13,582				17,007				13,214
Current portion of operating lease liabilities		82,489				78,942				79,583
Income taxes payable		2,736				6,018				—
Total current liabilities		229,554				213,932				206,219
DEFERRED COMPENSATION		29,630				28,116				26,984
NON-CURRENT OPERATING LEASE LIABILITIES		293,293				247,321				248,424
Total liabilities		552,477				489,369				481,627
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,156,626 shares at August 2, 2025, 50,773,556 shares at February 1, 2025, and 50,773,796 shares at August 3, 2024		512				508				508
Additional paid-in capital		213,775				205,817				199,551
Retained earnings		261,868				217,479				258,585
Total stockholders’ equity		476,155				423,804				458,644
Total liabilities and stockholders’ equity	$	1,028,632			$	913,173			$	940,271
(1) Derived from audited financial statements.

 

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Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.