The Buckle, Inc. Reports First Quarter Net Income

The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended May 3, 2025 was $35.2 million, or $0.70 per share ($0.70 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended May 3, 2025 increased 3.7 percent to $272.1 million from net sales of $262.5 million for the prior year 13-week fiscal quarter ended May 4, 2024. Comparable store net sales for the 13-week fiscal quarter ended May 3, 2025 increased 3.0 percent from comparable store net sales for the prior year 13-week period ended May 4, 2024. Online sales increased 4.5 percent to $46.4 million for the 13-week fiscal quarter ended May 3, 2025, compared to net sales of $44.4 million for the 13-week fiscal quarter ended May 4, 2024.

Net income for the first quarter of fiscal 2025 was $35.2 million, or $0.70 per share ($0.70 per share on a diluted basis), compared with net income of $34.8 million, or $0.70 per share ($0.69 per share on a diluted basis) for the first quarter of fiscal 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_NwUpGyp-QgaJcZJrYn9cYw. 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 439 retail stores in 42 states. As of the end of the fiscal quarter, it operated 439 stores in 42 states compared with 440 stores in 42 states at the end of the first 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
	May 3, 2025				May 4, 2024
SALES, Net of returns and allowances	$	272,121			$	262,480
COST OF SALES (Including buying, distribution, and occupancy costs)		145,145				141,783
Gross profit		126,976				120,697
OPERATING EXPENSES:
Selling		67,199				63,726
General and administrative		16,231				14,575
		83,430				78,301
INCOME FROM OPERATIONS		43,546				42,396
OTHER INCOME, Net		3,067				3,754
INCOME BEFORE INCOME TAXES		46,613				46,150
INCOME TAX EXPENSE		11,420				11,307
NET INCOME	$	35,193			$	34,843
EARNINGS PER SHARE:
Basic	$	0.70			$	0.70
Diluted	$	0.70			$	0.69
Basic weighted average shares		50,199				49,854
Diluted weighted average shares		50,541				50,172

THE BUCKLE, INC.   CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) (Unaudited)
ASSETS	May 3, 2025				February 1, 2025 (1)				May 4, 2024
CURRENT ASSETS:
Cash and cash equivalents	$	268,884			$	266,929			$	267,427
Short-term investments		22,883				23,801				23,052
Receivables		7,927				6,758				6,139
Inventory		132,395				120,789				130,661
Prepaid expenses and other assets		23,554				20,932				19,550
Total current assets		455,643				439,209				446,829
PROPERTY AND EQUIPMENT		518,076				510,088				493,025
Less accumulated depreciation and amortization		(365,986	)			(364,336	)			(360,950	)
		152,090				145,752				132,075
OPERATING LEASE RIGHT-OF-USE ASSETS		330,014				289,793				288,646
LONG-TERM INVESTMENTS		28,275				28,116				26,763
OTHER ASSETS		11,307				10,303				11,757
Total assets	$	977,329			$	913,173			$	906,070
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	63,015			$	45,982			$	54,811
Accrued employee compensation		15,228				46,717				13,767
Accrued store operating expenses		23,494				19,266				23,477
Gift certificates redeemable		14,753				17,007				14,370
Current portion of operating lease liabilities		83,634				78,942				83,645
Income taxes payable		17,605				6,018				15,210
Total current liabilities		217,729				213,932				205,280
DEFERRED COMPENSATION		28,275				28,116				26,763
NON-CURRENT OPERATING LEASE LIABILITIES		286,052				247,321				240,212
Total liabilities		532,056				489,369				472,255
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,157,306 shares at May 3, 2025, 50,773,556 shares at February 1, 2025, and 50,778,536 shares at May 4, 2024		512				508				508
Additional paid-in capital		209,995				205,817				196,208
Retained earnings		234,766				217,479				237,099
Total stockholders’ equity		445,273				423,804				433,815
Total liabilities and stockholders’ equity	$	977,329			$	913,173			$	906,070
(1) Derived from audited financial statements.

 

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The Buckle Stock at the time of publication of the news with a raise of +0,90 % to 37,02USD on Tradegate stock exchange (23. Mai 2025, 09:32 Uhr).