KEARNEY, NE -- (BUSINESS WIRE) -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended May 2, 2026 was $46.9 million, or $0.93 per share ($0.92 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended May 2, 2026 increased 6.1 percent to $288.7 million from net sales of $272.1 million for the prior year 13-week fiscal quarter ended May 3, 2025. Comparable store net sales for the 13-week fiscal quarter ended May 2, 2026 increased 5.1 percent from comparable store net sales for the prior year 13-week period ended May 3, 2025. Online sales increased 2.8 percent to $47.7 million for the 13-week fiscal quarter ended May 2, 2026, compared to net sales of $46.4 million for the 13-week fiscal quarter ended May 3, 2025.
Net income for the first quarter of fiscal 2026 was $46.9 million, or $0.93 per share ($0.92 per share on a diluted basis), compared with net income of $35.2 million, or $0.70 per share ($0.70 per share on a diluted basis) for the first quarter of fiscal 2025.
As disclosed in the Company’s Form 10-K filed with the Securities and Exchange Commission on April 1, 2026, the Company entered into a final settlement agreement resolving interchange fee litigation and received cash proceeds of $19.1 million, net of legal fees, during the fiscal quarter ended May 2, 2026. The Company recorded the settlement as a reduction to Selling Expenses for the quarter ended May 2, 2026.
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_1biv_wJXRU2zF4J96aDa4Q. 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/investor-relations/events).
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 444 retail stores in 42 states, which includes the opening of three new stores located in Baraboo, Wisconsin, Gretna, Nebraska, and Buckeye, Arizona, as well as the closing of one store earlier this month (after the fiscal month ended). As of the end of the fiscal quarter, it operated 442 stores in 42 states compared with 439 stores in 42 states at the end of the first quarter of fiscal 2025.
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 2, 2026
May 3, 2025
SALES, Net of returns and allowances
$
288,735
$
272,121
COST OF SALES (Including buying, distribution, and occupancy costs)
155,259
145,145
Gross profit
133,476
126,976
OPERATING EXPENSES:
Selling
55,216
67,199
General and administrative
18,807
16,231
74,023
83,430
INCOME FROM OPERATIONS
59,453
43,546
OTHER INCOME, Net
2,643
3,067
INCOME BEFORE INCOME TAXES
62,096
46,613
INCOME TAX EXPENSE
15,214
11,420
NET INCOME
$
46,882
$
35,193
EARNINGS PER SHARE:
Basic
$
0.93
$
0.70
Diluted
$
0.92
$
0.70
Basic weighted average shares
50,619
50,199
Diluted weighted average shares
50,996
50,541
THE BUCKLE, INC.
CONSOLIDATED BALANCE SHEETS
(Amounts in Thousands Except Share and Per Share Amounts)
(Unaudited)
ASSETS
May 2, 2026
January 31, 2026 (1)
May 3, 2025
CURRENT ASSETS:
Cash and cash equivalents
$
266,164
$
249,461
$
268,884
Short-term investments
23,818
24,698
22,883
Receivables
7,281
10,980
7,927
Inventory
150,197
139,504
132,395
Prepaid expenses and other assets
23,510
23,235
23,554
Total current assets
470,970
447,878
455,643
PROPERTY AND EQUIPMENT
533,205
523,002
518,076
Less accumulated depreciation and amortization
(364,191)
(360,556)
(365,986)
169,014
162,446
152,090
OPERATING LEASE RIGHT-OF-USE ASSETS
364,826
339,687
330,014
LONG-TERM INVESTMENTS
33,813
32,393
28,275
OTHER ASSETS
10,166
8,875
11,307
Total assets
$
1,048,789
$
991,279
$
977,329
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable
$
60,619
$
47,749
$
63,015
Accrued employee compensation
18,353
54,960
15,228
Accrued store operating expenses
24,672
20,072
23,494
Gift certificates redeemable
14,798
17,237
14,753
Current portion of operating lease liabilities
85,451
85,877
83,634
Income taxes payable
26,794
10,810
17,605
Total current liabilities
230,687
236,705
217,729
DEFERRED COMPENSATION
33,813
31,994
28,275
NON-CURRENT OPERATING LEASE LIABILITIES
325,418
297,937
286,052
Total liabilities
589,918
566,636
532,056
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,518,086 shares at May 2, 2026, 51,156,626 shares at January 31, 2026, and 51,157,306 shares at May 3, 2025
