EX-99.1 2 bke20251121-8kexhibit.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: November 21, 2025
web: www.buckle.com


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

THE BUCKLE, INC. REPORTS THIRD QUARTER NET INCOME

KEARNEY, NE -- (BUSINESS WIRE) -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended November 1, 2025 was $48.7 million, or $0.97 per share ($0.96 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended November 1, 2025 increased 9.3 percent to $320.8 million from net sales of $293.6 million for the prior year 13-week fiscal quarter ended November 2, 2024. Comparable store net sales for the 13-week fiscal quarter ended November 1, 2025 increased 8.3 percent from comparable store net sales for the prior year 13-week period ended November 2, 2024. Online sales increased 13.6 percent to $53.0 million for the 13-week fiscal quarter ended November 1, 2025, compared to net sales of $46.6 million for the 13-week fiscal quarter ended November 2, 2024.

Net sales for the 39-week fiscal period ended November 1, 2025 increased 7.2 percent to $898.7 million from net sales of $838.5 million for the prior year 39-week fiscal period ended November 2, 2024. Comparable store net sales for the 39-week period ended November 1, 2025 increased 6.3 percent from comparable store net sales for the prior year 39-week period ended November 2, 2024. Online sales increased 11.6 percent to $142.9 million for the 39-week period ended November 1, 2025, compared to net sales of $128.0 million for the 39-week period ended November 2, 2024.

Net income for the third quarter of fiscal 2025 was $48.7 million, or $0.97 per share ($0.96 per share on a diluted basis), compared with net income of $44.2 million, or $0.89 per share ($0.88 per share on a diluted basis) for the third quarter of fiscal 2024.

Net income for the 39-week fiscal period ended November 1, 2025 was $128.9 million, or $2.57 per share ($2.55 per share on a diluted basis), compared with net income of $118.3 million, or $2.37 per share ($2.35 per share on a diluted basis) for the 39-week period ended November 2, 2024.

Management will hold a live audio webcast at 10:00 a.m. EST today to discuss results for the quarter. To register for the live event, please visit https://buckle.zoom.us/webinar/register/WN_7AMcqxQxTjSHYhvFlyH1ag. 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 444 retail stores in 42 states. As of the end of the fiscal quarter, it operated 442 stores in 42 states compared with 445 stores in 42 states at the end of the third 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 EndedThirty-Nine Weeks Ended
 November 1,
2025		November 2,
2024		November 1,
2025		November 2,
2024
SALES, Net of returns and allowances$320,837 $293,618 $898,695 $838,490 
COST OF SALES (Including buying, distribution, and occupancy costs)
166,931 153,547 472,804 445,188 
Gross profit153,906 140,071 425,891 393,302 
OPERATING EXPENSES: 
Selling77,538 71,986 218,637 206,454 
General and administrative15,454 13,602 46,453 41,709 
 92,992 85,588 265,090 248,163 
INCOME FROM OPERATIONS60,914 54,483 160,801 145,139 
OTHER INCOME, Net3,589 4,023 9,926 11,510 
INCOME BEFORE INCOME TAXES64,503 58,506 170,727 156,649 
INCOME TAX EXPENSE15,803 14,334 41,828 38,379 
NET INCOME$48,700 $44,172 $128,899 $118,270 
EARNINGS PER SHARE:  
Basic$0.97 $0.89 $2.57 $2.37 
Diluted$0.96 $0.88 $2.55 $2.35 
Basic weighted average shares50,199 49,854 50,199 49,854 
Diluted weighted average shares50,712 50,297 50,627 50,230 





THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS
(Amounts in Thousands Except Share and Per Share Amounts)
(Unaudited)
ASSETSNovember 1,
2025		February 1,
2025 (1)		November 2,
2024
CURRENT ASSETS:   
Cash and cash equivalents$316,152 $266,929 $301,958 
Short-term investments23,993 23,801 23,482 
Receivables8,222 6,758 7,901 
Inventory165,779 120,789 149,351 
Prepaid expenses and other assets24,977 20,932 22,236 
Total current assets539,123 439,209 504,928 
PROPERTY AND EQUIPMENT533,694 510,088 508,273 
Less accumulated depreciation and amortization(371,375)(364,336)(365,241)
162,319 145,752 143,032 
OPERATING LEASE RIGHT-OF-USE ASSETS332,654 289,793 287,687 
LONG-TERM INVESTMENTS31,157 28,116 27,261 
OTHER ASSETS13,116 10,303 13,362 
Total assets$1,078,369 $913,173 $976,270 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY  
CURRENT LIABILITIES:   
Accounts payable$81,401 $45,982 $67,701 
Accrued employee compensation35,126 46,717 27,095 
Accrued store operating expenses27,397 19,266 25,921 
Gift certificates redeemable12,967 17,007 12,571 
Current portion of operating lease liabilities82,867 78,942 76,963 
Income taxes payable4,691 6,018 2,519 
Total current liabilities244,449 213,932 212,770 
DEFERRED COMPENSATION31,157 28,116 27,261 
NON-CURRENT OPERATING LEASE LIABILITIES292,033 247,321 247,850 
Total liabilities567,639 489,369 487,881 
COMMITMENTS 
STOCKHOLDERS’ EQUITY:   
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,156,626 shares at November 1, 2025, 50,773,556 shares at February 1, 2025, and 50,773,796 shares at November 2, 2024512 508 508 
Additional paid-in capital217,554 205,817 202,895 
Retained earnings292,664 217,479 284,986 
Total stockholders’ equity510,730 423,804 488,389 
Total liabilities and stockholders’ equity$1,078,369 $913,173 $976,270 
(1) Derived from audited financial statements.