The earnings call highlighted positive trends in net income, net sales, and women's merchandise performance, as well as improvements in gross margin and private label growth. However, challenges remain with increased SG&A expenses, declining men's merchandise sales, and a drop in footwear sales.

Company Guidance -

Q2 2025

During Buckle's first-quarter earnings call for fiscal year 2025, the company reported a net income of $35.2 million, or $0.70 per share on a diluted basis, marking a slight increase from the previous year's $34.8 million, or $0.69 per share. Net sales rose by 3.7% to $272.1 million, with comparable store sales increasing by 3% and online sales growing by 4.5% to $46.4 million. The gross margin improved to 46.7%, driven by a 60 basis point increase in merchandise margins and a 10 basis point reduction in buying, distribution, and occupancy expenses. SG&A expenses increased to 30.7% of net sales, influenced by higher incentive compensation and health insurance costs, though partially offset by decreased e-commerce shipping and marketing expenses. The operating margin stood at 16%, slightly down from the previous year's 16.2%. The balance sheet showed inventory at $132.4 million, a 1.3% increase, and $320 million in total cash and investments. Capital expenditures for the quarter totaled $11.4 million, with $10 million allocated to store construction and remodels. The company completed five full store remodels, closed two stores, and plans to open seven new stores and complete 16 additional remodels later in the year.

Increase in Net Income

Net income for the first quarter increased to $35.2 million or $0.70 per share, up from $34.8 million or $0.69 per share in the previous year.

Growth in Net Sales

Net sales rose by 3.7% to $272.1 million compared to $262.5 million last year. Comparable store sales increased by 3%, and online sales grew by 4.5%.

Women's Merchandise Performance

Women's merchandise sales increased by 10.5%, with the denim category seeing an 11% rise. This segment now represents 50% of total sales, up from 47% last year.

Improvement in Gross Margin

Gross margin increased to 46.7%, a 70 basis point improvement from the previous year, driven by a 60 basis point increase in merchandise margins.

Strong Private Label Growth

Private label sales represented 47.5% of total sales, up from 46% last year.

Buckle (BKE) Earnings, Revenues Date & History

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BKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 15, 2025	2025 (Q2)	0.80 / -	0.78	―	―	―
May 23, 2025	2025 (Q1)	0.69 / 0.70	0.69	1.45% (+0.01)	―
Mar 14, 2025	2024 (Q4)	1.39 / 1.53	1.59	-3.77% (-0.06)	―
Nov 22, 2024	2024 (Q3)	0.89 / 0.88	1.04	-15.38% (-0.16)	―
Aug 23, 2024	2024 (Q2)	0.80 / 0.78	0.92	-15.22% (-0.14)	―
May 24, 2024	2024 (Q1)	0.74 / 0.69	0.86	-19.77% (-0.17)	―
Mar 15, 2024	2023 (Q4)	1.44 / 1.59	1.76	-9.66% (-0.17)	―
Nov 17, 2023	2023 (Q3)	0.95 / 1.04	1.24	-16.13% (-0.20)	―
Aug 18, 2023	2023 (Q2)	0.81 / 0.92	1.01	-8.91% (-0.09)	―
May 26, 2023	2023 (Q1)	0.92 / 0.86	1.12	-23.21% (-0.26)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 23, 2025	$41.10	$40.86	-0.58%
Mar 14, 2025	$34.55	$35.51	+2.78%
Nov 22, 2024	$44.25	$45.38	+2.55%
Aug 23, 2024	$38.37	$40.24	+4.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.