The Buckle, Inc. Reports Fourth Quarter and Fiscal Year 2025 Net Income

KEARNEY, Neb.--( BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended January 31, 2026 was $80.8 million, or $1.60 per share ($1.59 per share on a diluted basis). Net income for the fiscal year ended January 31, 2026 was $209.7 million, or $4.17 per share ($4.14 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended January 31, 2026 increased 5.3 percent to $399.1 million from net sales of $379.2 million for the prior year 13-week fiscal quarter ended February 1, 2025. Comparable store net sales for the 13-week period ended January 31, 2026 increased 3.9 percent from comparable store net sales for the prior year 13-week period ended February 1, 2025. Online sales increased 6.4 percent to $74.2 million for the 13-week period ended January 31, 2026, compared to net sales of $69.7 million for the 13-week period ended February 1, 2025.

Net sales for the 52-week fiscal year ended January 31, 2026 increased 6.6 percent to $1.298 billion from net sales of $1.218 billion for the 52-week fiscal year ended February 1, 2025. Comparable store net sales for the 52-week period ended January 31, 2026 increased 5.6 percent from comparable store net sales for the prior year 52-week period ended February 1, 2025. Online sales increased 9.8 percent to $217.1 million for the 52-week period ended January 31, 2026, compared to net sales of $197.7 million for the 52-week period ended February 1, 2025.

Net income for the fourth quarter of fiscal 2025 was $80.8 million, or $1.60 per share ($1.59 per share on a diluted basis), compared with $77.2 million, or $1.54 per share ($1.53 per share on a diluted basis) for the fourth quarter of fiscal 2024.

Net income for the fiscal year ended January 31, 2026 was $209.7 million, or $4.17 per share ($4.14 per share on a diluted basis), compared with $195.5 million, or $3.92 per share ($3.89 per share on a diluted basis) for the fiscal year ended February 1, 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_XsBQK7DoSEuv9BgxODpcZA. 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 year, it operated 440 stores in 42 states compared with 441 stores in 42 states at the end 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)

13-Weeks Ended

52-Weeks Ended

January 31, 2026

February 1, 2025

January 31, 2026

February 1, 2025 (1)

SALES, Net of returns and allowances

$ 399,140

$ 379,199

$ 1,297,835

$ 1,217,689

COST OF SALES (Including buying, distribution, and occupancy costs)

189,173

179,714

661,977

624,902

Gross profit

209,967

199,485

635,858

592,787

OPERATING EXPENSES:

Selling

89,839

86,722

308,476

293,176

General and administrative

19,485

16,538

65,938

58,247

109,324

103,260

374,414

351,423

INCOME FROM OPERATIONS

100,643

96,225

261,444

241,364

OTHER INCOME, Net

4,749

4,903

14,675

16,413

INCOME BEFORE INCOME TAXES

105,392

101,128

276,119

257,777

INCOME TAX EXPENSE

24,547

23,930

66,375

62,309

NET INCOME

$ 80,845

$ 77,198

$ 209,744

$ 195,468

EARNINGS PER SHARE

Basic

$ 1.60

$ 1.54

$ 4.17

$ 3.92

Diluted

$ 1.59

$ 1.53

$ 4.14

$ 3.89

Basic weighted average shares

50,477

50,126

50,268

49,922

Diluted weighted average shares

50,922

50,551

50,701

50,310

(1) Derived from audited financial statements

THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in Thousands Except Share and Per Share Amounts)

(Unaudited)

ASSETS

January 31,

2026

February 1,

2025 (1)

CURRENT ASSETS:

Cash and cash equivalents

$ 249,461

$ 266,929

Short-term investments

24,698

23,801

Receivables

10,980

6,758

Inventory

139,504

120,789

Prepaid expenses and other assets

23,235

20,932

Total current assets

447,878

439,209

PROPERTY AND EQUIPMENT

523,002

510,088

Less accumulated depreciation and amortization

(360,556)

(364,336)

162,446

145,752

OPERATING LEASE RIGHT-OF-USE ASSETS

339,687

289,793

LONG-TERM INVESTMENTS

32,393

28,116

OTHER ASSETS

8,875

10,303

Total assets

$ 991,279

$ 913,173

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

$ 47,749

$ 45,982

Accrued employee compensation

54,960

46,717

Accrued store operating expenses

20,072

19,266

Gift certificates redeemable

17,237

17,007

Current portion of operating lease liabilities

85,877

78,942

Income taxes payable

10,810

6,018

Total current liabilities

236,705

213,932

DEFERRED COMPENSATION

31,994

28,116

NON-CURRENT OPERATING LEASE LIABILITIES

297,937

247,321

Total liabilities

566,636

489,369

COMMITMENTS

STOCKHOLDERS’ EQUITY:

Common stock, authorized 100,000,000 shares of $.01 par value; 51,156,626 and 50,773,556 shares issued and outstanding at January 31, 2026 and February 1, 2025, respectively

512

508

Additional paid-in capital

221,998

205,817

Retained earnings

202,133

217,479

Total stockholders’ equity

424,643

423,804

Total liabilities and stockholders’ equity

$ 991,279

$ 913,173

(1) Derived from audited financial statements