THE BUCKLE, INC. REPORTS SECOND QUARTER NET INCOME
KEARNEY, NE -- (BUSINESS WIRE) -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended August 1, 2026 was $44.4 million, or $0.88 per share ($0.87 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended August 1, 2026 increased 4.6 percent to $319.8 million from net sales of $305.7 million for the prior year 13-week fiscal quarter ended August 2, 2025. Comparable store net sales for the 13-week fiscal quarter ended August 1, 2026 increased 2.1 percent from comparable store net sales for the prior year 13-week period ended August 2, 2025. Online sales increased 2.3 percent to $44.6 million for the 13-week fiscal quarter ended August 1, 2026, compared to net sales of $43.6 million for the 13-week fiscal quarter ended August 2, 2025.
Net sales for the 26-week fiscal period ended August 1, 2026 increased 5.3 percent to $608.6 million from net sales of $577.9 million for the prior year 26-week fiscal period ended August 2, 2025. Comparable store net sales for the 26-week period ended August 1, 2026 increased 3.5 percent from comparable store net sales for the prior year 26-week period ended August 2, 2025. Online sales increased 2.5 percent to $92.2 million for the 26-week period ended August 1, 2026, compared to net sales of $90.0 million for the 26-week period ended August 2, 2025.
Net income for the second quarter of fiscal 2026 was $44.4 million, or $0.88 per share ($0.87 per share on a diluted basis), compared with net income of $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis) for the second quarter of fiscal 2025.
Net income for the 26-week fiscal period ended August 1, 2026 was $91.3 million, or $1.80 per share ($1.79 per share on a diluted basis), compared with net income of $80.2 million, or $1.60 per share ($1.59 per share on a diluted basis) for the 26-week period ended August 2, 2025.
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_RBdzPiI-RaGJ8MZl7H1VRA. 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 447 retail stores in 42 states. As of the end of the fiscal quarter, it operated 446 stores in 42 states compared with 440 stores in 42 states at the end of the second 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
Twenty-Six Weeks Ended
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
SALES, Net of returns and allowances
$
319,816
$
305,737
$
608,551
$
577,858
COST OF SALES (Including buying, distribution, and occupancy costs)
166,795
160,728
322,054
305,873
Gross profit
153,021
145,009
286,497
271,985
OPERATING EXPENSES:
Selling
81,231
73,900
136,447
141,099
General and administrative
15,988
14,768
34,795
30,999
97,219
88,668
171,242
172,098
INCOME FROM OPERATIONS
55,802
56,341
115,255
99,887
OTHER INCOME, Net
3,019
3,270
5,662
6,337
INCOME BEFORE INCOME TAXES
58,821
59,611
120,917
106,224
INCOME TAX EXPENSE
14,411
14,605
29,625
26,025
NET INCOME
$
44,410
$
45,006
$
91,292
$
80,199
EARNINGS PER SHARE:
Basic
$
0.88
$
0.90
$
1.80
$
1.60
Diluted
$
0.87
$
0.89
$
1.79
$
1.59
Basic weighted average shares
50,619
50,199
50,619
50,199
Diluted weighted average shares
51,007
50,627
51,001
50,584
THE BUCKLE, INC.
CONSOLIDATED BALANCE SHEETS
(Amounts in Thousands Except Share and Per Share Amounts)
(Unaudited)
ASSETS
August 1, 2026
January 31, 2026 (1)
August 2, 2025
CURRENT ASSETS:
Cash and cash equivalents
$
264,778
$
249,461
$
297,811
Short-term investments
22,402
24,698
22,118
Receivables
9,936
10,980
7,704
Inventory
161,403
139,504
142,486
Prepaid expenses and other assets
23,727
23,235
23,183
Total current assets
482,246
447,878
493,302
PROPERTY AND EQUIPMENT
558,982
523,002
527,716
Less accumulated depreciation and amortization
(367,241)
(360,556)
(368,933)
191,741
162,446
158,783
OPERATING LEASE RIGHT-OF-USE ASSETS
373,937
339,687
334,703
LONG-TERM INVESTMENTS
35,729
32,393
29,630
OTHER ASSETS
11,054
8,875
12,214
Total assets
$
1,094,707
$
991,279
$
1,028,632
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable
$
73,198
$
47,749
$
72,630
Accrued employee compensation
33,010
54,960
30,030
Accrued store operating expenses
29,957
20,072
28,087
Gift certificates redeemable
13,512
17,237
13,582
Current portion of operating lease liabilities
81,814
85,877
82,489
Income taxes payable
—
10,810
2,736
Total current liabilities
231,491
236,705
229,554
DEFERRED COMPENSATION
34,697
31,994
29,630
NON-CURRENT OPERATING LEASE LIABILITIES
339,567
297,937
293,293
Total liabilities
605,755
566,636
552,477
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,515,996 shares at August 1, 2026, 51,156,626 shares at January 31, 2026, and 51,156,626 shares at August 2, 2025