Financial Data and Key Metrics Changes - Net income for the third quarter was $48.7 million, or $0.96 per share, compared to $44.2 million, or $0.88 per share, for the same quarter last year, representing a year-over-year increase of 10.1% in net income [3] - Year-to-date net income was $128.9 million, or $2.55 per share, compared to $118.3 million, or $2.35 per share, for the prior year, reflecting a year-over-year increase of 9.5% [7] - Net sales for the third quarter increased by 9.3% to $320.8 million, compared to $293.6 million for the same quarter last year [3] Business Line Data and Key Metrics Changes - Comparable store sales increased by 8.3% for the quarter compared to the same period last year, while online sales rose by 13.6% to $53 million [4] - Women's merchandise sales increased by approximately 19%, representing about 51% of total sales, compared to 47% last year [10] - Men's merchandise sales were up about 1%, accounting for approximately 49% of total sales, compared to 53% in the prior year [11] Market Data and Key Metrics Changes - Average unit retail (AUR) for women's denim increased from $81.15 to $86.95, while men's denim price points increased slightly from $88.10 to $88.15 [10][11] - Overall average men's price points increased approximately 2.5% from $54.30 to $55.70 [12] - Kids' business saw strong growth, increasing approximately 22% year-over-year [12] Company Strategy and Development Direction - The company continues to focus on enhancing its women's denim category, which has shown strong growth, and is optimistic about the girls' denim business for the remainder of the year [17] - The company opened two new stores and completed six full store remodels during the quarter, with plans for additional remodeling projects [8] Management's Comments on Operating Environment and Future Outlook - Management noted that there has not been a significant change in consumer behavior, although there is slight caution among some consumers [17] - The company remains optimistic about its denim business, particularly in women's categories, and believes that the quality and variety of products are resonating well with customers [17] Other Important Information - Gross margin for the quarter was 48%, a 30 basis point increase from the previous year [4] - Selling general administrative expenses for the quarter were 29% of net sales, slightly down from 29.1% in the prior year [5] Q&A Session Summary Question: What is the health of the U.S. consumer coming into the holiday season? - Management indicated that they have not seen a significant change in store performance, with excitement around product offerings, although there is slight caution among some consumers [17] Question: Can you elaborate on the denim business and its sustainability? - Management expressed optimism about the women's denim business, noting strong performance and variety, while men's denim remains solid with consistent private label performance [17][18] Question: What were the factors behind the merchandise margin trend this quarter? - Management explained that merchandise margins were down 10 basis points due to a decrease in private label business and slight increases in costs related to tariffs [20][21]

Financial Performance - The Buckle, Inc. reported a net income of $48.7 million for the third quarter of fiscal 2025, translating to $0.97 per share, compared to $44.2 million or $0.89 per share in the same quarter of fiscal 2024 [4][5] - For the 39-week fiscal period ended November 1, 2025, net income was $128.9 million, or $2.57 per share, up from $118.3 million, or $2.37 per share, for the same period in the previous year [5] Sales Growth - Net sales for the 13-week fiscal quarter increased by 9.3% to $320.8 million, compared to $293.6 million in the prior year [2] - Comparable store net sales rose by 8.3% for the same quarter, while online sales increased by 13.6% to $53.0 million [2][3] Year-to-Date Performance - For the 39-week period, net sales increased by 7.2% to $898.7 million from $838.5 million in the previous year [3] - Comparable store net sales for the 39-week period rose by 6.3%, with online sales up by 11.6% to $142.9 million [3] Operational Insights - The company operates 444 retail stores across 42 states, a slight decrease from 445 stores at the end of the third quarter of fiscal 2024 [6] - The total assets of the company as of November 1, 2025, were reported at $1,078.4 million, an increase from $976.3 million a year earlier [10]

Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and companies that generate it [1] - The service includes access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

Core Insights - Electrolux Professional Group aims to enhance customer experience while ensuring profitability and sustainability for shareholders and investors [1] Group 1: Financial Performance and Strategy - The company has been gradually progressing towards its financial targets despite facing numerous external challenges in recent years [2] - Increased investments have been made to future-proof the company's success, focusing on key business areas such as Laundry and Food Europe [2] Group 2: Event Structure - The agenda for the Investor Day includes a presentation by the CEO, followed by a coffee break [3]

Group 1 - The Annual General Meeting (AGM) of Austin Engineering is being held, with key company executives introduced, including the CEO, CFO, and other directors [1][2] - The company has ensured that shareholders not present physically can participate via a live webcast, allowing them to view proceedings and submit questions online [4] - A quorum is confirmed, allowing the AGM to proceed, with auditors present to address any financial inquiries [3]

Core Insights - The Buckle, Inc. reported a significant increase in net sales for October 2025, with a 6.0% rise to $93.2 million compared to $87.9 million in October 2024 [1] - Comparable store net sales for the 4-week period increased by 5.1% year-over-year [1] - The company is set to announce its third quarter earnings on November 21, 2025, with a live audio webcast scheduled for the same day [4] Sales Performance - For the 13-week third quarter ended November 1, 2025, comparable store net sales rose by 8.3% compared to the same period in 2024 [2] - Total net sales for the third quarter increased by 9.3% to $320.8 million from $293.6 million in the prior year [2] - Year-to-date comparable store net sales for the 39-week period ended November 1, 2025, increased by 6.3% [3] - Total net sales for the 39-week period reached $898.7 million, up 7.2% from $838.5 million in the previous year [3] Company Overview - Buckle is a specialty retailer known for its high-quality apparel, accessories, and footwear, with a focus on denim [5] - The company operates 443 retail stores across 42 states, having opened one new store in Owensboro, Kentucky [5] - As of November 6, 2024, Buckle operated 445 stores in the same number of states [5]

Summary of Buckle (NYSE:BKE) Update - November 05, 2025 Company Overview - **Company**: Buckle (NYSE:BKE) - **Date of Update**: November 05, 2025 - **Context**: Commentary regarding the company's October 2025 sales press release Key Points Sales Performance - Comparable store sales increased by **5.1%** for the four-week period ended November 1, 2025, compared to the prior year period ended November 2, 2024 [1] - Total net sales for the four-week fiscal month rose by **6%** to **$93.2 million**, up from **$87.9 million** in the same period last year [1] Segment Analysis - **Men's Sales**: - Total sales decreased by **1%** for the four-week period ended November 1, 2025 [1] - Men's business represented approximately **49.5%** of total sales, down from **53%** in the prior year [1] - Average price points for men's products increased by **4.5%** [2] - **Women's Sales**: - Total sales increased by **14%** for the same period [2] - Women's business accounted for approximately **50.5%** of total sales, up from **47%** in the prior year [2] - Average price points for women's products increased by **5%** [2] Accessory and Footwear Sales - Accessory sales increased by approximately **6%** compared to the prior year [2] - Footwear sales decreased by about **2%** [2] - Accessory sales accounted for approximately **9.5%** and footwear sales for **5%** of total net sales for October [2] Transaction Metrics - Average transaction value increased by **2%** compared to the prior year [3] - Units per transaction (UPTs) decreased by approximately **2%** [3] Store Operations - Buckle operates **443 retail stores** in **42 states**, a slight decrease from **445 stores** in the previous year [3] Forward-Looking Statements - The company does not provide guidance on current sales or project results for the next quarter [3] - Future performance and financial results may differ materially from any forward-looking statements due to various risks and uncertainties [4] Additional Notes - The commentary emphasized the company's policy on not providing specific sales guidance and highlighted the potential risks associated with forward-looking statements [3][4]

Sales Performance - Comparable store net sales for the 5-week period ended October 4, 2025 increased by 6.9% compared to the same period in the previous year [1] - Net sales for the 5-week fiscal month ended October 4, 2025 rose by 7.8% to $108.4 million from $100.6 million for the prior year [1] - Year-to-date comparable store net sales for the 35-week period ended October 4, 2025 increased by 6.5% compared to the same period in the previous year [2] - Net sales for the 35-week fiscal period ended October 4, 2025 increased by 7.3% to $805.5 million from $750.5 million for the prior year [2] Company Overview - Buckle is a specialty retailer focused on high-quality, on-trend apparel, accessories, and footwear [3] - The company operates 442 retail stores across 42 states, including two new stores opened in September 2025 [3] - Buckle is recognized as a denim destination, offering a wide selection of fits, styles, and finishes from leading denim brands, including its exclusive brand, BKE [3]

Part I. Financial Information (unaudited) This section presents the unaudited condensed consolidated financial statements and management's analysis of financial condition and results [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements and notes, highlighting growth in key financial metrics [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheet Highlights (Amounts in Thousands) | Metric | August 2, 2025 | February 1, 2025 | | :-------------------------------- | :------------- | :--------------- | | **ASSETS** | | | | Cash and cash equivalents | $297,811 | $266,929 | | Inventory | $142,486 | $120,789 | | Total current assets | $493,302 | $439,209 | | Total assets | $1,028,632 | $913,173 | | **LIABILITIES AND STOCKHOLDERS' EQUITY** | | | | Accounts payable | $72,630 | $45,982 | | Total current liabilities | $229,554 | $213,932 | | Total liabilities | $552,477 | $489,369 | | Total stockholders' equity | $476,155 | $423,804 | [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Condensed Consolidated Statements of Income Highlights (Amounts in Thousands, Except Per Share) | Metric | Thirteen Weeks Ended Aug 2, 2025 | Thirteen Weeks Ended Aug 3, 2024 | Twenty-Six Weeks Ended Aug 2, 2025 | Twenty-Six Weeks Ended Aug 3, 2024 | | :-------------------------------- | :------------------------------- | :------------------------------- | :--------------------------------- | :------------------------------- | | SALES, Net | $305,737 | $282,392 | $577,858 | $544,872 | | Gross profit | $145,009 | $132,534 | $271,985 | $253,231 | | INCOME FROM OPERATIONS | $56,341 | $48,260 | $99,887 | $90,656 | | NET INCOME | $45,006 | $39,255 | $80,199 | $74,098 | | EARNINGS PER SHARE: Basic | $0.90 | $0.79 | $1.60 | $1.49 | | EARNINGS PER SHARE: Diluted | $0.89 | $0.78 | $1.59 | $1.48 | [Condensed Consolidated Statements of Stockholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' Equity Changes (Amounts in Thousands) | Metric | Fiscal 2025 (26 Weeks Ended Aug 2, 2025) | Fiscal 2024 (26 Weeks Ended Aug 3, 2024) | | :--------------------------------------- | :--------------------------------------- | :--------------------------------------- | | Balance, Beginning of Period | $423,804 | $413,220 | | Net income | $80,199 | $74,098 | | Dividends paid on common stock | ($35,810) | ($35,543) | | Amortization of non-vested stock grants | $7,962 | $6,869 | | Balance, End of Period | $476,155 | $458,644 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Condensed Consolidated Statements of Cash Flows Highlights (Amounts in Thousands) | Metric | Twenty-Six Weeks Ended Aug 2, 2025 | Twenty-Six Weeks Ended Aug 3, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | | Net cash flows from operating activities | $89,412 | $77,488 | | Net cash flows from investing activities | ($22,720) | ($22,892) | | Net cash flows from financing activities | ($35,810) | ($35,543) | | NET INCREASE IN CASH AND CASH EQUIVALENTS | $30,882 | $19,053 | | CASH AND CASH EQUIVALENTS, End of period | $297,811 | $287,266 | [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the condensed consolidated financial statements [1. Basis of Presentation](index=7&type=section&id=1.%20Basis%20of%20Presentation) - The unaudited condensed consolidated financial statements are prepared in accordance with GAAP for interim financial information and do not include all footnotes required for complete financial statements. Due to the seasonal nature of the business, interim results are not necessarily indicative of a full year's operations[13](index=13&type=chunk) [2. Revenues](index=7&type=section&id=2.%20Revenues) - The Company operates as a single reportable segment, retailing casual apparel, footwear, and accessories through 440 stores in 42 states and an e-Commerce platform[15](index=15&type=chunk) Online Revenues as Percentage of Net Sales | Period | August 2, 2025 | August 3, 2024 | | :----------------------- | :------------- | :------------- | | Thirteen Weeks Ended | 14.3% | 13.1% | | Twenty-Six Weeks Ended | 15.6% | 14.9% | Major Product Lines as Percentage of Net Sales | Merchandise Group | Thirteen Weeks Ended Aug 2, 2025 | Thirteen Weeks Ended Aug 3, 2024 | Twenty-Six Weeks Ended Aug 2, 2025 | Twenty-Six Weeks Ended Aug 3, 2024 | | :------------------ | :------------------------------- | :------------------------------- | :--------------------------------- | :------------------------------- | | Denims | 36.1% | 35.3% | 39.7% | 39.1% | | Tops (including sweaters) | 29.5% | 29.9% | 28.4% | 28.6% | | Accessories | 11.8% | 11.7% | 11.3% | 11.3% | | Sportswear/Fashions | 11.0% | 12.2% | 9.6% | 10.2% | | Footwear | 5.0% | 5.5% | 5.1% | 5.7% | | Casual bottoms | 1.7% | 1.1% | 1.6% | 1.3% | | Outerwear | 0.4% | 0.3% | 0.6% | 0.5% | | Kids | 4.5% | 4.0% | 3.7% | 3.3% | | Total | 100.0% | 100.0% | 100.0% | 100.0% | [3. Earnings Per Share](index=8&type=section&id=3.%20Earnings%20Per%20Share) Earnings Per Share (EPS) (Amounts in Thousands, Except Per Share) | Metric | Thirteen Weeks Ended Aug 2, 2025 | Thirteen Weeks Ended Aug 3, 2024 | Twenty-Six Weeks Ended Aug 2, 2025 | Twenty-Six Weeks Ended Aug 3, 2024 | | :---------------- | :------------------------------- | :------------------------------- | :--------------------------------- | :------------------------------- | | Basic EPS | $0.90 | $0.79 | $1.60 | $1.49 | | Diluted EPS | $0.89 | $0.78 | $1.59 | $1.48 | [4. Investments](index=9&type=section&id=4.%20Investments) Summary of Investments as of August 2, 2025 (Amounts in Thousands) | Investment Type | Amortized Cost or Par Value | Estimated Fair Value | | :------------------------ | :-------------------------- | :------------------- | | Held-to-Maturity Securities (State and municipal bonds) | $22,118 | $22,151 | | Trading Securities (Mutual funds) | $26,480 | $29,630 | - All held-to-maturity securities are classified as short-term investments, while trading securities, held in a Rabbi Trust for the deferred compensation plan, are classified as long-term investments[21](index=21&type=chunk) [5. Fair Value Measurements](index=10&type=section&id=5.%20Fair%20Value%20Measurements) - The Company's trading securities (mutual funds) are measured at fair value on a recurring basis and are classified as **Level 1**, indicating publicly traded quoted prices in active markets[23](index=23&type=chunk)[25](index=25&type=chunk) - Held-to-maturity securities, primarily state and municipal bonds, are not carried at fair value on the balance sheet but have fair values based on **Level 2** inputs (quoted market prices and yields for similar securities)[24](index=24&type=chunk)[25](index=25&type=chunk) [6. Leases](index=11&type=section&id=6.%20Leases) - The Company's lease portfolio primarily consists of retail store locations, with new store leases typically having a 10-year initial term and renewal options[27](index=27&type=chunk) Total Lease Cost (Amounts in Thousands) | Period | August 2, 2025 | August 3, 2024 | | :----------------------- | :------------- | :------------- | | Thirteen Weeks Ended | $30,702 | $29,721 | | Twenty-Six Weeks Ended | $62,561 | $60,944 | - As of August 2, 2025, the weighted-average remaining lease term was **6.2 years**, and the weighted-average discount rate was **6.4%**. The total operating lease liability was **$375.8 million**[31](index=31&type=chunk)[32](index=32&type=chunk) [7. Supplemental Cash Flow Information](index=12&type=section&id=7.%20Supplemental%20Cash%20Flow%20Information) - Cash paid for income taxes during the twenty-six week period ended August 2, 2025, was **$31.1 million**, compared to **$30.5 million** in the prior year[34](index=34&type=chunk) [8. Stock-Based Compensation](index=13&type=section&id=8.%20Stock-Based%20Compensation) - The Company has restricted stock plans for employees, executives, and non-employee directors, with **2,574,780 shares** available for grant as of August 2, 2025[35](index=35&type=chunk) Stock-Based Compensation Expense (Amounts in Thousands) | Period | August 2, 2025 | August 3, 2024 | | :------------------------------------ | :------------- | :------------- | | Stock-based compensation expense, before tax (13 weeks) | $3,780 | $3,343 | | Stock-based compensation expense, before tax (26 weeks) | $7,962 | $6,869 | - As of August 2, 2025, there was **$20.3 million** of unrecognized compensation expense related to non-vested shares, expected to be recognized over approximately **2.0 years**[41](index=41&type=chunk) [9. Recently Issued Accounting Pronouncements](index=14&type=section&id=9.%20Recently%20Issued%20Accounting%20Pronouncements) - The Company plans to adopt ASU 2023-09 (Income Taxes) effective for fiscal 2025, with no material impact anticipated on its consolidated financial statements[42](index=42&type=chunk) - The Company is evaluating ASU 2024-03/2025-01 (Expense Disaggregation Disclosures), effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027[43](index=43&type=chunk) [10. Segment Reporting](index=14&type=section&id=10.%20Segment%20Reporting) - The Company operates as a single operating and reporting segment, with its President and CEO serving as the Chief Operating Decision Maker (CODM)[44](index=44&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=15&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the Company's financial condition, operational results, liquidity, and critical accounting policies [Executive Overview](index=15&type=section&id=EXECUTIVE%20OVERVIEW) - Management considers comparable store sales, merchandise margin, operating margin, and cash flow and liquidity as key performance indicators[48](index=48&type=chunk) - The Company believes existing cash, short-term investments, and cash flow from operations will be sufficient to fund current and long-term anticipated capital expenditures and working capital requirements for the next several years[52](index=52&type=chunk) [Results of Operations](index=16&type=section&id=RESULTS%20OF%20OPERATIONS) Key Financial Performance Metrics (Percentage of Net Sales and YoY Change) | Metric | 13 Weeks Ended Aug 2, 2025 (% of Net Sales) | 13 Weeks Ended Aug 3, 2024 (% of Net Sales) | 13 Weeks YoY Change | 26 Weeks Ended Aug 2, 2025 (% of Net Sales) | 26 Weeks Ended Aug 3, 2024 (% of Net Sales) | 26 Weeks YoY Change | | :-------------------------------------------------- | :----------------------------------------- | :----------------------------------------- | :------------------ | :----------------------------------------- | :----------------------------------------- | :------------------ | | Net sales | 100.0% | 100.0% | 8.3% | 100.0% | 100.0% | 6.1% | | Cost of sales | 52.6% | 53.1% | 7.3% | 52.9% | 53.5% | 4.9% | | Gross profit | 47.4% | 46.9% | 9.4% | 47.1% | 46.5% | 7.4% | | Selling expenses | 24.2% | 25.0% | 4.5% | 24.4% | 24.7% | 4.9% | | General and administrative expenses | 4.8% | 4.8% | 9.1% | 5.4% | 5.2% | 10.3% | | Income from operations | 18.4% | 17.1% | 16.7% | 17.3% | 16.6% | 10.2% | | Net income | 14.7% | 13.9% | 14.6% | 13.9% | 13.6% | 8.2% | - Net sales for the second quarter of fiscal 2025 increased by **8.3%** to **$305.7 million**, with comparable store net sales up **7.3%** and online sales up **17.7%**[53](index=53&type=chunk) - Year-to-date net sales increased by **6.1%** to **$577.9 million**, with comparable store net sales up **5.2%** and online sales up **10.5%**[54](index=54&type=chunk) - Gross profit as a percentage of net sales increased to **47.4%** for the second quarter and **47.1%** year-to-date, driven by higher merchandise margins and leveraged buying, distribution, and occupancy expenses[58](index=58&type=chunk)[59](index=59&type=chunk) - Selling, general, and administrative expenses decreased as a percentage of net sales due to reductions in non-recurring digital commerce investments and store labor expenses, partially offset by increased incentive compensation accruals[60](index=60&type=chunk)[61](index=61&type=chunk) [Liquidity and Capital Resources](index=18&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) - As of August 2, 2025, the Company had working capital of **$263.7 million**, including **$297.8 million** in cash and cash equivalents and **$22.1 million** in short-term investments[64](index=64&type=chunk) - Cash flow from operations for the first two quarters of fiscal 2025 was **$89.4 million**, an increase from **$77.5 million** in the prior year[64](index=64&type=chunk) - Total capital expenditures for fiscal 2025 are estimated to be **$50.0 million to $55.0 million**, primarily for planned store projects and technology investments[67](index=67&type=chunk) - The Company has an available unsecured line of credit of **$25.0 million** with Wells Fargo Bank, N.A., which was not utilized during the first two quarters of fiscal 2025 or 2024[69](index=69&type=chunk) [Critical Accounting Policies and Estimates](index=19&type=section&id=CRITICAL%20ACCOUNTING%20POLICIES%20AND%20ESTIMATES) - Key accounting policies and estimates include revenue recognition (net of returns, gift cards, and rewards), inventory valuation (lower of cost or net realizable value), income taxes (deferred tax assets/liabilities), leases (right-of-use assets and liabilities), and investments (held-to-maturity and trading securities)[70](index=70&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk) - The adjustment to inventory for markdowns and/or obsolescence was **$9.4 million** as of August 2, 2025[74](index=74&type=chunk) - The Company is currently evaluating the impact of the One Big Beautiful Bill Act (OBBBA) on its consolidated financial statements[73](index=73&type=chunk) [Off-Balance Sheet Arrangements, Contractual Obligations, and Commercial Commitments](index=21&type=section&id=OFF-BALANCE%20SHEET%20ARRANGEMENTS,%20CONTRACTUAL%20OBLIGATIONS,%20AND%20COMMERCIAL%20COMMITMENTS) Material Contractual Obligations as of August 2, 2025 (Amounts in Thousands) | Contractual Obligations | Total | 2025 (remaining) | 2026-2027 | 2028-2029 | Thereafter | | :------------------------ | :---- | :--------------- | :-------- | :-------- | :--------- | | Purchase obligations | $20,588 | $9,615 | $9,652 | $1,321 | $— | | Deferred compensation | $29,630 | $— | $— | $— | $29,630 | | Operating lease payments | $461,146 | $54,920 | $168,308 | $97,831 | $140,087 | | Total contractual obligations | $511,364 | $64,535 | $177,960 | $99,152 | $169,717 | - The Company had outstanding letters of credit totaling **$3.8 million** as of August 2, 2025, and has no other off-balance sheet arrangements[77](index=77&type=chunk) [Seasonality](index=21&type=section&id=SEASONALITY) - The Company's business is seasonal, with the holiday season (November 15 to December 30) and back-to-school season (July 15 to September 1) historically contributing approximately **35%** of the Company's fiscal year net sales[78](index=78&type=chunk) [Forward Looking Statements](index=22&type=section&id=FORWARD%20LOOKING%20STATEMENTS) - This section contains forward-looking statements subject to various risks and uncertainties, including changes in product mix, fashion trends, competitive factors, and general economic conditions. The Company does not undertake to update these statements[79](index=79&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=22&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risk primarily relates to interest rate fluctuations on cash and investments, with declines negatively impacting income - For each **one-quarter percent decline** in the interest/dividend rate earned on cash and investments, the Company's net income would decrease approximately **$0.5 million**, or less than **$0.01 per share**[80](index=80&type=chunk) [Item 4. Controls and Procedures](index=22&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were effective as of August 2, 2025, with no material changes to internal control over financial reporting - The Company's disclosure controls and procedures were effective as of August 2, 2025, providing reasonable assurance that material information is accumulated and communicated to management in a timely manner[81](index=81&type=chunk)[82](index=82&type=chunk) - There were no changes in the Company's internal control over financial reporting that materially affected, or are reasonably likely to materially affect, internal control over financial reporting during the last fiscal quarter[83](index=83&type=chunk) Part II. Other Information This section covers legal proceedings, risk factors, equity security sales, defaults, mine safety, and other disclosures [Item 1. Legal Proceedings](index=23&type=section&id=Item%201.%20Legal%20Proceedings) The Company reported no legal proceedings - No legal proceedings were reported[85](index=85&type=chunk) [Item 1A. Risk Factors](index=23&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors previously disclosed in the Company's Annual Report on Form 10-K were reported - No material changes from the risk factors disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 2025[85](index=85&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=23&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No common stock repurchases occurred, 410,655 shares remain under the plan, and no Rule 10b5-1 arrangements were modified - The Company did not purchase any shares of its common stock during the fiscal quarter ended August 2, 2025[86](index=86&type=chunk) - There are **410,655 shares** remaining to complete the **1,000,000 share** repurchase plan authorized on November 20, 2008[86](index=86&type=chunk) - No Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements were adopted, modified, or terminated by directors or officers during the quarter[87](index=87&type=chunk) [Item 3. Defaults Upon Senior Securities](index=23&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The Company reported no defaults upon senior securities - No defaults upon senior securities were reported[88](index=88&type=chunk) [Item 4. Mine Safety Disclosures](index=23&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The Company reported no mine safety disclosures - No mine safety disclosures were reported[88](index=88&type=chunk) [Item 5. Other Information](index=23&type=section&id=Item%205.%20Other%20Information) No other information was reported under this item - No other information was reported under this item[88](index=88&type=chunk) [Item 6. Exhibits](index=24&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including the Revolving Line of Credit Note, CEO/CFO certifications, and XBRL financials - Key exhibits include the Amended and Restated Revolving Line of Credit Note (Exhibit 10.1), CEO and CFO certifications (Exhibits 31.1, 31.2, 32.1, 32.2), and XBRL formatted financial statements (Exhibit 101)[89](index=89&type=chunk)[95](index=95&type=chunk) [Signatures](index=25&type=section&id=SIGNATURES) This section provides the official signatures for the report, confirming its submission - The report was signed on September 11, 2025, by Dennis H. Nelson, President and CEO, and Thomas B. Heacock, Senior Vice President of Finance, Treasurer, and CFO[93](index=93&type=chunk)