The Buckle, Inc. Reports Second Quarter Net Income

KEARNEY, Neb., August 22, 2025--(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.

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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 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 profit 145,009 132,534 271,985 253,231 OPERATING EXPENSES: Selling 73,900 70,742 141,099 134,468 General and administrative 14,768 13,532 30,999 28,107 88,668 84,274 172,098 162,575 INCOME FROM OPERATIONS 56,341 48,260 99,887 90,656 OTHER INCOME, Net 3,270 3,733 6,337 7,487 INCOME BEFORE INCOME TAXES 59,611 51,993 106,224 98,143 INCOME TAX EXPENSE 14,605 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 shares 50,199 49,854 50,199 49,854 Diluted weighted average shares 50,627 50,221 50,584 50,197

THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in Thousands Except Share and Per Share Amounts)

(Unaudited) ASSETS August 2,
2025 February 1,
2025 (1) August 3,
2024 CURRENT ASSETS: Cash and cash equivalents $ 297,811 $ 266,929 $ 287,266 Short-term investments 22,118 23,801 21,856 Receivables 7,704 6,758 7,698 Inventory 142,486 120,789 131,418 Prepaid expenses and other assets 23,183 20,932 20,962 Total current assets 493,302 439,209 469,200 PROPERTY AND EQUIPMENT 527,716 510,088 500,236 Less accumulated depreciation and amortization (368,933 ) (364,336 ) (360,903 ) 158,783 145,752 139,333 OPERATING LEASE RIGHT-OF-USE ASSETS 334,703 289,793 292,194 LONG-TERM INVESTMENTS 29,630 28,116 26,984 OTHER ASSETS 12,214 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 compensation 30,030 46,717 24,478 Accrued store operating expenses 28,087 19,266 26,124 Gift certificates redeemable 13,582 17,007 13,214 Current portion of operating lease liabilities 82,489 78,942 79,583 Income taxes payable 2,736 6,018 — Total current liabilities 229,554 213,932 206,219 DEFERRED COMPENSATION 29,630 28,116 26,984 NON-CURRENT OPERATING LEASE LIABILITIES 293,293 247,321 248,424 Total liabilities 552,477 489,369 481,627 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, 2024 512 508 508 Additional paid-in capital 213,775 205,817 199,551 Retained earnings 261,868 217,479 258,585 Total stockholders’ equity 476,155 423,804 458,644 Total liabilities and stockholders’ equity $ 1,028,632 $ 913,173 $ 940,271 (1) Derived from audited financial statements.

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Contacts

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

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