The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for men, women, and kids under the Buckle and ...
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Operator: Good morning, and thank you for standing by. And welcome to Buckle's Second Quarter Earnings Release Webcast. With instructions given at that time. Members of Buckle's management on the call today are Dennis H. Nelson, President and CEO; Thomas Heacock, Senior Vice President of Finance, Treasurer, and CFO; Adam J. Akerson, Vice President of Finance and Corporate Controller and Brady Jenschke Fritz, Senior Vice President, General Counsel, and corporate secretary. Before beginning, the company would like to reiterate its policy of not providing future sales or earnings guidance. All forward looking statements made on the call are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 2000. Actual results may differ materially due to risks and uncertainties described in the company's SEC filings. The company undertakes no obligation to publicly update or revise these statements except as required by law. Additionally, the company does not authorize the reproduction or dissemination of transcripts or audio recordings of the company's quarterly conference calls without its express written consent. Any unauthorized reproductions or recording of the calls should not be relied upon as the information may be inaccurate. As a reminder, today's webcast is being recorded. And I would now like to turn the conference over to your host, Thomas Heacock. Thomas Heacock: Good morning, and thanks for joining us this morning. Our 08/21/2026 press release reported that net income for the 13-week second quarter which ended 08/01/2026, was $44.4 million or $0.87 per share on a diluted basis which compares to net income of $45 million or $0.89 per share on a diluted basis for the prior year 13-week second quarter which ended 08/02/2025. Year to date net income for the 26 week period ended 08/01/2026, was $91.3 million or $1.79 per share on a diluted basis, which compares to net income of $80.2 million or $1.59 per share on a diluted basis for the prior year 26 week period ended 08/02/2025. Net sales for the 13-week second quarter increased 4.6% to $320 million compared to net sales of $306 million for the prior year 13-week second quarter. Comparable store sales for the quarter increased 2.1% in comparison to the same 13-week period in the prior year and our online sales increased 2.3% to $44.6 million. Year to date, net sales increased 5.3% to $609 million compared to net sales of $578 million for the prior year 26 week fiscal period and comparable store sales for the year to date period increased 3.5% in comparison to the same 26 week period in the prior year and our online sales increased 2.5% to $92.2 million. For both the quarter and year to date periods, UPTs decreased approximately 1% the average unit retail increased approximately 4.5%, and the average transaction value increased about 3.5%. Gross margin for the quarter was 47.8%, a 40 basis point increase from 47.4% in the second quarter of 2025. For the quarter, …
Est. EPS $0.91 · Revenue $332.21M · 1 analysts
Est. EPS $4.30 · Revenue $1.36B · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| The total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). |
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Dennis H. Nelson | President, Chief Executive Officer & Director | USD 5,993,082 | Male | 1950 | Active |
Brett Milkie | Senior Vice President of Leasing | USD 1,781,269 |
| Male |
| 1960 |
| Active |
Thomas Heacock | Senior Vice President of Finance, Treasurer, Chief Financial Officer & Director | USD 1,766,266 | Male | 1978 | Active |
Brady Jenschke Fritz | Senior Vice President, General Counsel & Corporate Secretary | — | Female | 1980 | Active |
Adam J. Akerson | Vice President of Finance, Controller & Assistant Treasurer | — | Male | — | Active |
Scott A. Werth | Senior Vice President of Stores | — | Male | — | Active |
Est. EPS $1.58 · Revenue $419.06M · 1 analysts
Est. EPS $0.72 · Revenue $305.37M · 1 analysts
EPS $0.87 · Revenue $319.82M
$0.70 per share
$0.70 per share
| $1.3B |
| +6.6% |
| +10.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $209.7M | +7.3% | -5.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +49.0% | +0.6% | +3.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +20.1% | +1.6% | -15.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +16.2% | +0.7% | -14.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $205.8M | +3.0% | -100.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +15.9% | -3.3% | -100.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 90.4% | +17.4% | -3.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.89x | -7.8% | +2.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $991.3M | +8.6% | +4.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 4.14 vs 4.07 | +1.7% | 0.87 vs 0.81 | +7.4% |
| Revenue Surprise | $1.3B vs $1.2B | +5.0% | $319.8M vs $319.8M | +0.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 30, 2026 | KLEIN ANGIE J | director | Common Stock | D | 3,562 | — |
| Jun 8, 2026 | FAIRFIELD BILL L | director | Common Stock | D | 2,500 | $44.44 |
| Jun 5, 2026 | MILKIE BRETT P | officer: SVP Leasing | Common Stock | D | 12,000 | — |
| Apr 20, 2026 | SMITH KARI G | director, officer: EVP Stores | Common Stock | D | 5,000 | — |
| Apr 13, 2026 | HOFFMAN MICHELLE | officer: SVP Sales | Common Stock | D | 10,000 | — |
