Buckle Q1 Earnings Call Highlights

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Buckle (NYSE:BKE) reported higher first-quarter income and earnings, helped by comparable-store growth, continued spot successful women’s merchandise and a important simplification successful reported selling, wide and administrative expenses tied to a litigation settlement.

Tom Heacock, elder vice president of finance, treasurer and main fiscal officer, said the apparel retailer posted nett income of $46.9 million, oregon $0.92 per diluted share, for the 13-week 4th ended May 2, 2026. That compared with nett income of $35.2 million, oregon $0.70 per diluted share, successful the prior-year archetypal quarter.

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Net income accrued 6.1% to $288.7 cardinal from $272.1 cardinal a twelvemonth earlier. Comparable-store income roseate 5.1%, portion online income accrued 2.8% to $47.7 million.

Margins Reflect Settlement Benefit and Occupancy Pressure

Heacock said gross borderline was 46.2% of sales, down 50 ground points from 46.7% successful the archetypal 4th of fiscal 2025. The diminution reflected a 10-basis-point simplification successful merchandise margins and a 40-basis-point interaction from higher buying, organisation and occupancy expenses.

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Selling, wide and administrative expenses were 25.6% of nett sales, compared with 30.7% successful the prior-year period. Heacock attributed the alteration to a 660-basis-point interaction from the designation of a $19.1 cardinal interchange interest litigation colony during the quarter, which the institution had disclosed successful its 2025 Form 10-K.

Excluding the colony impact, SG&A expenses roseate 150 ground points arsenic a percent of sales. Heacock said that summation was driven by a 100-basis-point emergence successful inducement and equity compensation accruals, a 30-basis-point summation successful store-related compensation disbursal and a 20-basis-point summation crossed different SG&A categories.

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Operating borderline improved to 20.6% from 16.0% a twelvemonth earlier. The company’s income taxation complaint was 24.5% successful some the existent and prior-year archetypal quarters.

Women’s and Kids Categories Lead Growth

In prepared remarks pursuing Heacock’s fiscal review, the institution said women’s merchandise income roseate 11% successful the archetypal quarter, gathering connected a 10.5% summation successful the aforesaid play past year. Women’s merchandise represented astir 52% of sales, up from 50% a twelvemonth earlier.

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