Buckle, Inc. Reports 33.3% Increase in Net Income to $46.9 Million for Quarter Ended May 2, 2026

The Buckle, Inc. reported a net income of $46.9 million for the thirteen weeks ended May 2, 2026, reflecting a 33.3% increase from $35.2 million in the same period last year. The company's revenue for the quarter reached $288.7 million, a 6.1% increase compared to $272.1 million in the prior year. This growth was driven by a 5.1% increase in comparable store sales, attributed to a 2.6% rise in transaction volume and a 4.3% increase in average unit retail prices, despite a slight decline in the average number of units sold per transaction.

In terms of operational efficiency, Buckle's income from operations rose to $59.5 million, or 20.6% of net sales, up from $43.5 million, or 16.0% of net sales, in the previous year. The company's gross profit was $133.5 million, representing 46.2% of net sales, down from 46.7% in the prior year, primarily due to increased buying, distribution, and occupancy costs. Selling, general, and administrative expenses decreased significantly to 25.6% of net sales, largely due to a $19.1 million settlement from an interchange fee litigation, which was recorded as a reduction in selling expenses.

Buckle's balance sheet showed total assets of $1.05 billion as of May 2, 2026, an increase from $991.3 million at the end of the previous fiscal period. Current assets rose to $471.0 million, driven by an increase in cash and cash equivalents, which totaled $266.2 million, up from $249.5 million. The company also reported a total stockholders' equity of $458.9 million, compared to $424.6 million at the end of January 2026, reflecting retained earnings growth and additional paid-in capital.

The company continues to expand its footprint, operating 442 stores across 42 states as of May 2, 2026, up from 439 stores a year earlier. During the quarter, Buckle opened three new stores and remodeled five, while closing one location. Online sales accounted for 16.5% of total net sales, slightly down from 17.0% in the previous year. The company anticipates opening 12 new stores and completing nine full remodels throughout the remainder of fiscal 2026, with total capital expenditures projected between $60 million and $65 million.

Looking ahead, Buckle's management expressed confidence in the company's ability to generate positive cash flow from operations, supported by existing cash reserves and investments. However, they acknowledged potential risks, including changes in consumer demand and economic conditions, which could impact future sales and profitability. The company maintains a $25 million unsecured line of credit for operational needs, with no outstanding borrowings as of the reporting date.