The Buckle, Inc. Reports First Quarter Net Income

View Press Releases 05/29/2026 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 515 512 512 Additional paid-in capital 227,372 221,998 209,995 Retained earnings 230,984 202,133 234,766 Total stockholders’ equity 458,871 424,643 445,273 Total liabilities and stockholders’ equity $ 1,048,789 $ 991,279 $ 977,329 (1) Derived from audited financial statements. Thomas B. Heacock, Chief Financial Officer The Buckle, Inc. (308) 236-8491 Source: The Buckle, Inc. View Press Releases