The Buckle, Inc. reported a net income of $35.2 million for the thirteen weeks ended May 3, 2025, reflecting a slight increase from $34.8 million in the same period last year. The company's revenue for the quarter reached $272.1 million, a 3.7% increase compared to $262.5 million in the prior year. This growth was driven by a 3.0% increase in comparable store sales, attributed to a rise in transaction volume and average unit retail prices. Gross profit also saw an increase, totaling $127.0 million, which represented 46.7% of net sales, up from 46.0% in the previous year.
In terms of operational changes, Buckle's inventory increased to $132.4 million from $120.8 million, indicating a strategic decision to bolster stock levels. The company maintained a stable store count, operating 439 stores across 42 states, with no new store openings during the quarter. However, the company did remodel five stores and closed two, reflecting ongoing efforts to enhance the customer experience. Online sales accounted for 17.0% of total net sales, slightly up from 16.9% in the previous year, indicating a steady growth in e-commerce engagement.
The company's selling, general, and administrative expenses rose to 30.7% of net sales, compared to 29.8% in the prior year, primarily due to increased costs related to incentive compensation and health insurance. Despite these rising costs, the company managed to maintain a strong operating income of $43.5 million, or 16.0% of net sales, slightly down from 16.2% in the previous year. The increase in expenses was partially offset by a reduction in e-commerce shipping and marketing costs.
Looking ahead, Buckle plans to invest approximately $50.0 to $55.0 million in capital expenditures for fiscal 2025, which includes the opening of seven new stores and the completion of 16 full store remodels. The company believes that its existing cash and cash equivalents, along with cash flow from operations, will be sufficient to meet its capital needs. As of May 3, 2025, Buckle reported working capital of $237.9 million, including $268.9 million in cash and cash equivalents, positioning the company well for future growth despite potential market challenges.
About BUCKLE INC
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