The Buckle Earnings Call Transcripts
Fiscal Year 2027
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Q2 net sales rose 4.6% and net income was $44.4M, with strong growth in women's and kids' segments. Gross margin improved, but operating margin declined slightly; inventory and capital spending increased. Footwear remains soft, and tariff refunds boosted margins.
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Q1 2026 saw net income rise 33% year-over-year on 6.1% higher sales, with strong growth in women's and kids' segments. Gross margin dipped slightly due to higher occupancy costs, but operating margin improved, aided by a litigation settlement.
Fiscal Year 2026
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Comparable store sales for August 2026 rose 1.6% and total net sales increased 3.6% to $123.5 million. Women's sales outpaced men's, and both accessories and footwear saw 3.5% growth. The store count increased to 447 locations in 42 states.
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Fourth quarter and full-year results showed strong sales and earnings growth, led by double-digit gains in women's and kids categories, higher average price points, and robust online performance. Expansion plans target 12-14 new stores and remodels, focusing on outlets and outdoor centers.
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January 2026 saw a 1.7% rise in comparable store sales and a 3.7% increase in total net sales to $61.8 million. Women's sales outperformed men's, and average transaction value rose despite a drop in units per transaction.
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Q3 net income rose to $48.7M on 9.3% higher sales, with strong growth in women's and kids' categories. Gross margin improved to 48%, and operating margin reached 19%, while store expansion and remodels continued.
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Q2 net income rose to $45M on 8.3% higher sales, with gross margin up 50 bps and strong growth in women's and kids' categories. Operating margin improved, SG&A declined as a percent of sales, and tariffs caused modest cost increases.
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Q1 2025 saw net income rise to $35.2M and net sales up 3.7% year-over-year, with strong growth in women's and private label categories. Gross margin improved to 46.7%, while SG&A expenses increased. Tariff impacts are being managed through vendor negotiations.
Fiscal Year 2025
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October 2025 saw a 5.1% rise in comparable store sales and a 6% increase in total net sales, with strong growth in women's sales and higher average price points across categories. Accessory sales rose, while footwear declined, and store count slightly decreased.
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August 2025 saw a 12.2% rise in comparable store sales and a 13.4% increase in total net sales, with women's sales up 25.5% and men's up 4%. Accessories grew 10%, while footwear dipped 0.5%.
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Q4 net income was $77.2M on $379.2M sales, with comparable store sales up 3.9% and e-commerce up 12% year-over-year. Full-year net income fell to $195.5M, with ongoing store relocations and digital investments supporting performance amid tariff and economic uncertainties.
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Comparable store sales rose 4.4% in January 2025, with women's sales up 14% and men's down 2.5%. Accessories grew 10% while footwear fell 7.5%. Total net sales dropped 18% due to a shorter fiscal month.
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Comparable store sales rose 4.6% while total net sales dipped 0.8% to $202.1 million. Women's sales surged 11%, and accessories grew 9.5%, but footwear sales declined 5%. Store count decreased slightly to 444 locations.
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Q3 net income and sales declined year-over-year, with gross and operating margins also lower. Women's denim and private label brands showed strength, while men's and footwear sales lagged. Store remodels and digital investments are expected to support future growth.
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Q2 net income and sales declined year-over-year, with gross margin pressured by higher costs but merchandise margins improving. E-commerce sales fell sharply, but site enhancements and marketing shifts are underway. Store expansion and remodels continue, with private label sales gaining share.
Fiscal Year 2024
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Comparable store sales declined 6.8% in July 2024, but total net sales rose 3.8% to $98.7 million. Men's and women's sales both fell, with notable declines in accessories and footwear, while average price points increased across categories.
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Comparable store sales fell 5.7% and total net sales dropped 5.8% to $101.7 million for the five-week period ended July 6, 2024. Men's and women's sales both declined, with notable drops in footwear and accessory categories.