The Buckle Inc.

08/21/2026 | Press release | Distributed by Public on 08/21/2026 12:30

Second Quarter 2026 News

08/21/2026
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KEARNEY, Neb.--(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

515

512

512

Additional paid-in capital

231,074

221,998

213,775

Retained earnings

257,363

202,133

261,868

Total stockholders' equity

488,952

424,643

476,155

Total liabilities and stockholders' equity

$

1,094,707

$

991,279

$

1,028,632

(1) Derived from audited financial statements.

Thomas B. Heacock, Chief Financial Officer
The Buckle, Inc.
(308) 236-8491

Source: The Buckle, Inc.

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