Buckle(BKE) - 2026 Q2 - Quarterly Results

The Buckle, Inc. Reports Second Quarter Net Income Key Financial Highlights (Q2 & YTD Fiscal 2025) The Buckle, Inc. reported strong financial performance for both the second fiscal quarter and the first 26-week period of fiscal 2025, with notable year-over-year growth across key metrics including net income, net sales, comparable store sales, and online sales Q2 Fiscal 2025 vs. Q2 Fiscal 2024 Performance | Metric | Q2 FY25 | Q2 FY24 | Change (%) | | :-------------------------- | :-------- | :-------- | :--------- | | Net Income | $45.0 million | $39.3 million | +14.5% | | Basic EPS | $0.90 | $0.79 | +13.9% | | Diluted EPS | $0.89 | $0.78 | +14.1% | | Net Sales | $305.7 million | $282.4 million | +8.3% | | Comparable Store Net Sales | +7.3% | N/A | N/A | | Online Sales | $43.6 million | $37.0 million | +17.7% | - Net income for the fiscal quarter ended August 2, 2025, was $45.0 million, or $0.90 per share ($0.89 diluted), compared to $39.3 million, or $0.79 per share ($0.78 diluted) for the prior year's second quarter[3][6] - Net sales for the 13-week fiscal quarter increased 8.3 percent to $305.7 million, with comparable store net sales up 7.3 percent and online sales up 17.7 percent to $43.6 million[4] YTD Fiscal 2025 (26-week) vs. YTD Fiscal 2024 Performance | Metric | YTD FY25 | YTD FY24 | Change (%) | | :-------------------------- | :-------- | :-------- | :--------- | | Net Income | $80.2 million | $74.1 million | +8.2% | | Basic EPS | $1.60 | $1.49 | +7.4% | | Diluted EPS | $1.59 | $1.48 | +7.4% | | Net Sales | $577.9 million | $544.9 million | +6.1% | | Comparable Store Net Sales | +5.2% | N/A | N/A | | Online Sales | $90.0 million | $81.4 million | +10.5% | - Net income for the 26-week fiscal period ended August 2, 2025, was $80.2 million, or $1.60 per share ($1.59 diluted), up from $74.1 million, or $1.49 per share ($1.48 diluted) in the prior year[7] - Net sales for the 26-week period increased 6.1 percent to $577.9 million, with comparable store net sales up 5.2 percent and online sales up 10.5 percent to $90.0 million[5] Investor Webcast Information Management will host a live audio webcast to discuss the quarter's results, with registration details provided and a replay available on the investor relations website - A live audio webcast was scheduled for August 22, 2025, at 10:00 a.m. EDT to discuss the quarter's results, with a replay accessible through Buckle's investor relations website[8] About Buckle Buckle is a specialty retailer offering a curated mix of apparel, accessories, and footwear, known for its denim selection and operating 440 retail stores across 42 states - Buckle is a specialty retailer focused on delivering exceptional service and style through a curated mix of high-quality, on-trend apparel, accessories, and footwear[9] - The company is known as a denim destination, carrying a wide selection from leading brands, including its exclusive brand, BKE[9] - Buckle currently operates 440 retail stores in 42 states, maintaining the same store count as the end of the second quarter of fiscal 2024[9] Safe Harbor Statement The statement advises that all forward-looking statements are subject to material risks and uncertainties beyond the Company's control, and future performance may differ materially from projections. The Company does not commit to publicly update or revise these statements - All forward-looking statements involve material risks and uncertainties and are subject to change based on factors beyond the Company's control[10] - The Company's future performance and financial results may differ materially from those expressed or implied in any forward-looking statements[10] - The Company does not undertake to publicly update or revise any forward-looking statements, even if experience or future changes indicate that projected results will not be realized[10] Consolidated Financial Statements Consolidated Statements of Income The consolidated statements of income show an increase in net sales, gross profit, and net income for both the second quarter and the 26-week period of fiscal 2025 compared to the prior year, despite higher operating expenses Consolidated Statements of Income - Key Figures (Thirteen Weeks Ended, Thousands) | Metric | August 2, 2025 | August 3, 2024 | | :----------------- | :------------- | :------------- | | SALES, Net | $305,737 | $282,392 | | COST OF SALES | $160,728 | $149,858 | | Gross profit | $145,009 | $132,534 | | OPERATING EXPENSES | $88,668 | $84,274 | | INCOME FROM OPERATIONS | $56,341 | $48,260 | | NET INCOME | $45,006 | $39,255 | | Basic EPS | $0.90 | $0.79 | | Diluted EPS | $0.89 | $0.78 | Consolidated Statements of Income - Key Figures (Twenty-Six Weeks Ended, Thousands) | Metric | August 2, 2025 | August 3, 2024 | | :----------------- | :------------- | :------------- | | SALES, Net | $577,858 | $544,872 | | COST OF SALES | $305,873 | $291,641 | | Gross profit | $271,985 | $253,231 | | OPERATING EXPENSES | $172,098 | $162,575 | | INCOME FROM OPERATIONS | $99,887 | $90,656 | | NET INCOME | $80,199 | $74,098 | | Basic EPS | $1.60 | $1.49 | | Diluted EPS | $1.59 | $1.48 | Consolidated Balance Sheets The balance sheet shows an increase in total assets, driven by higher cash and cash equivalents, inventory, and operating lease right-of-use assets, alongside an increase in total liabilities and stockholders' equity as of August 2, 2025, compared to both February 1, 2025, and August 3, 2024 Consolidated Balance Sheets - Key Assets (Thousands) | Asset | August 2, 2025 | February 1, 2025 | August 3, 2024 | | :------------------------ | :------------- | :--------------- | :------------- | | Cash and cash equivalents | $297,811 | $266,929 | $287,266 | | Short-term investments | $22,118 | $23,801 | $21,856 | | Inventory | $142,486 | $120,789 | $131,418 | | Total current assets | $493,302 | $439,209 | $469,200 | | Property and equipment, net | $158,783 | $145,752 | $139,333 | | Operating lease right-of-use assets | $334,703 | $289,793 | $292,194 | | Total assets | $1,028,632 | $913,173 | $940,271 | Consolidated Balance Sheets - Key Liabilities & Equity (Thousands) | Liability/Equity | August 2, 2025 | February 1, 2025 | August 3, 2024 | | :--------------------------- | :------------- | :--------------- | :------------- | | Accounts payable | $72,630 | $45,982 | $62,820 | | Total current liabilities | $229,554 | $213,932 | $206,219 | | Non-current operating lease liabilities | $293,293 | $247,321 | $248,424 | | Total liabilities | $552,477 | $489,369 | $481,627 | | Total stockholders' equity | $476,155 | $423,804 | $458,644 | | Total liabilities and stockholders' equity | $1,028,632 | $913,173 | $940,271 |