EX-99.1 2 bke20250822-8kexhibit.htm EX-99.1 Document

Exhibit 99.1
buckle_logox2.jpg
The Buckle, Inc.
2407 W. 24th St. Kearney, NE 68845
P.O. Box 1480 Kearney, NE 68848-1480
phone: 308-236-8491
fax: 308-236-4493
For Immediate Release: August 22, 2025
web: www.buckle.com


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

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 2, 2025 was $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended August 2, 2025 increased 8.3 percent to $305.7 million from net sales of $282.4 million for the prior year 13-week fiscal quarter ended August 3, 2024. Comparable store net sales for the 13-week fiscal quarter ended August 2, 2025 increased 7.3 percent from comparable store net sales for the prior year 13-week period ended August 3, 2024. Online sales increased 17.7 percent to $43.6 million for the 13-week fiscal quarter ended August 2, 2025, compared to net sales of $37.0 million for the 13-week fiscal quarter ended August 3, 2024.

Net sales for the 26-week fiscal period ended August 2, 2025 increased 6.1 percent to $577.9 million from net sales of $544.9 million for the prior year 26-week fiscal period ended August 3, 2024. Comparable store net sales for the 26-week period ended August 2, 2025 increased 5.2 percent from comparable store net sales for the prior year 26-week period ended August 3, 2024. Online sales increased 10.5 percent to $90.0 million for the 26-week period ended August 2, 2025, compared to net sales of $81.4 million for the 26-week period ended August 3, 2024.

Net income for the second quarter of fiscal 2025 was $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis), compared with net income of $39.3 million, or $0.79 per share ($0.78 per share on a diluted basis) for the second quarter of fiscal 2024.

Net income for the 26-week fiscal period ended August 2, 2025 was $80.2 million, or $1.60 per share ($1.59 per share on a diluted basis), compared with net income of $74.1 million, or $1.49 per share ($1.48 per share on a diluted basis) for the 26-week period ended August 3, 2024.

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_kxGn9uXlSZaxqrYaGpgENw. 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/investors/earnings-webcasts).


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 440 retail stores in 42 states. As of the end of the fiscal quarter, it operated 440 stores in 42 states compared with 440 stores in 42 states at the end of the second quarter of fiscal 2024.



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 EndedTwenty-Six Weeks Ended
 August 2,
2025		August 3,
2024		August 2,
2025		August 3,
2024
SALES, Net of returns and allowances$305,737 $282,392 $577,858 $544,872 
COST OF SALES (Including buying, distribution, and occupancy costs)
160,728 149,858 305,873 291,641 
Gross profit145,009 132,534 271,985 253,231 
OPERATING EXPENSES: 
Selling73,900 70,742 141,099 134,468 
General and administrative14,768 13,532 30,999 28,107 
 88,668 84,274 172,098 162,575 
INCOME FROM OPERATIONS56,341 48,260 99,887 90,656 
OTHER INCOME, Net3,270 3,733 6,337 7,487 
INCOME BEFORE INCOME TAXES59,611 51,993 106,224 98,143 
INCOME TAX EXPENSE14,605 12,738 26,025 24,045 
NET INCOME$45,006 $39,255 $80,199 $74,098 
EARNINGS PER SHARE:  
Basic$0.90 $0.79 $1.60 $1.49 
Diluted$0.89 $0.78 $1.59 $1.48 
Basic weighted average shares50,199 49,854 50,199 49,854 
Diluted weighted average shares50,627 50,221 50,584 50,197 





THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS
(Amounts in Thousands Except Share and Per Share Amounts)
(Unaudited)
ASSETSAugust 2,
2025		February 1,
2025 (1)		August 3,
2024
CURRENT ASSETS:   
Cash and cash equivalents$297,811 $266,929 $287,266 
Short-term investments22,118 23,801 21,856 
Receivables7,704 6,758 7,698 
Inventory142,486 120,789 131,418 
Prepaid expenses and other assets23,183 20,932 20,962 
Total current assets493,302 439,209 469,200 
PROPERTY AND EQUIPMENT527,716 510,088 500,236 
Less accumulated depreciation and amortization(368,933)(364,336)(360,903)
158,783 145,752 139,333 
OPERATING LEASE RIGHT-OF-USE ASSETS334,703 289,793 292,194 
LONG-TERM INVESTMENTS29,630 28,116 26,984 
OTHER ASSETS12,214 10,303 12,560 
Total assets$1,028,632 $913,173 $940,271 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY  
CURRENT LIABILITIES:   
Accounts payable$72,630 $45,982 $62,820 
Accrued employee compensation30,030 46,717 24,478 
Accrued store operating expenses28,087 19,266 26,124 
Gift certificates redeemable13,582 17,007 13,214 
Current portion of operating lease liabilities82,489 78,942 79,583 
Income taxes payable2,736 6,018 — 
Total current liabilities229,554 213,932 206,219 
DEFERRED COMPENSATION29,630 28,116 26,984 
NON-CURRENT OPERATING LEASE LIABILITIES293,293 247,321 248,424 
Total liabilities552,477 489,369 481,627 
COMMITMENTS 
STOCKHOLDERS’ EQUITY:   
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,156,626 shares at August 2, 2025, 50,773,556 shares at February 1, 2025, and 50,773,796 shares at August 3, 2024512 508 508 
Additional paid-in capital213,775 205,817 199,551 
Retained earnings261,868 217,479 258,585 
Total stockholders’ equity476,155 423,804 458,644 
Total liabilities and stockholders’ equity$1,028,632 $913,173 $940,271 
(1) Derived from audited financial statements.