Buckle

The Buckle, Inc. engages in retailing of casual apparel, footwear, and accessories for men and women. It offers brands such as BKE, Buckle Black, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root denim, Outpost Makers, Departwest, Reclaim, Nova Industries, and Veece. The company was founded by David Hirschfeld in 1948 and is headquartered in Kearney, NE.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Buckle's Q1 2023 Earnings Decline, Strength in Accessories Sales

Buckle's Q1 2023 saw a decline in net income and net sales, with notable challenges in merchandise and footwear sales. However, the company demonstrated strength in accessory sales and expansion efforts. Addressing operational challenges and product category performance presents opportunities for future growth.

BKE reports Q2 net income decline, plans strategic expansion

BKE's Q2 performance saw a decline in net income and net sales, particularly in women's merchandise and online sales. However, the company maintains a strong cash position and is focused on strategic expansion through store openings and remodeling projects.

Buckle reports Q3 net income decline but anticipates improved margins

Buckle's Q3 saw a decline in net income and sales, with challenges in women's and men's merchandise, accessory, and footwear sales. However, the company is focused on store expansion, cost management, and anticipates improved margins in the fourth quarter.

Buckle (BKE) reports solid Q4 performance amidst sales challenges

Buckle's Q4 performance showed resilience with increased net income and sales, despite facing challenges in certain product categories.
The company's strengths lie in higher customer spending metrics and the performance of private label brands.
To capitalize on opportunities, Buckle should address challenges in women's merchandise and footwear sales while leveraging its online and private label strengths.

Buckle (BKE) reports Q1 earnings decline, plans store expansion

Buckle (BKE) faced challenges with declining sales and margins in Q1 2024 but maintained a strong cash position and loyal customer base through private label sales.
The company needs to address inventory levels and adapt to changing consumer preferences while capitalizing on opportunities to enhance margins and drive growth.
By focusing on expanding accessory sales, improving merchandise mix, and executing store expansion plans, Buckle (BKE) can navigate challenges and position itself for future success.

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The Buckle, Inc. engages in the business of retailing medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. The firm is also involved in the provision of customer services such as free hemming, free gift-packaging, easy layaways, private label credit card, and guest loyalty program. The company was founded by David Hirschfeld in 1948 and is headquartered in Kearney, NE.

In October 2022, I upgraded The Buckle to a 'buy' due to early stabilization signs and attractive pricing, leading to a 72.6% stock surge. Despite outperforming the S&P 500, recent financials show revenue and earnings declines, prompting a downgrade from 'buy' to 'hold'. The Buckle's balance sheet remains strong with significant cash reserves and no debt, but rising costs and declining sales are concerning.

The Buckle: A Little Too Uncomfortable For A Bullish Assessment (Rating Downgrade)

The Buckle, Inc. has had a strong run recently, but mixed key metrics and balanced risk-reward lead to a neutral rating. Q3 2024 saw a 3.3% sales decline, with negative comparable store sales down 0.6%, though online sales increased 1.1%. Margins and earnings are eroding, with gross margin down to 47.7% and net income falling to $44.1 million from $51.8 million.

The Buckle: Key Metric Erosion, But There Are Some Positives On This Trade

The Buckle, Inc. (NYSE:BKE ) Q3 2024 Earnings Conference Call November 22, 2024 10:00 AM ET Company Participants Thomas Heacock - SVP of Finance, Treasurer & CFO Adam Akerson - VP of Finance & Corporate Controller Dennis Nelson - President & CEO Conference Call Participants Mauricio Serna - UBS Nancy Frohna - 1492 Capital Management Operator Good morning. Thank you for standing by, and welcome to Buckle's Third Quarter Earnings Release Webcast.

The Buckle, Inc. (BKE) Q3 2024 Earnings Call Transcript

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS THIRD QUARTER NET INCOME.

The Buckle, Inc. Reports Third Quarter Net Income

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KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. Reports October 2024 Net Sales.

The Buckle, Inc. Reports October 2024 Net Sales

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KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. Reports September 2024 Net Sales.

The Buckle, Inc. Reports September 2024 Net Sales

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KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. Reports Quarterly Dividend.

The Buckle, Inc. Reports Quarterly Dividend

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS AUGUST 2024 NET SALES.

The Buckle, Inc. Reports August 2024 Net Sales

The Buckle, Inc. stock is trading near 52-week highs, showing resilience in a tough retail environment. Q2 2024 results showed a beat on revenue but a miss on earnings, with declining comparable store sales and digital sales. Despite attractive valuation and strong cash position, declining earnings and sales make The Buckle a hold rather than a buy or sell.

The Buckle: Stock Near Yearly Highs Despite Awful Key Metrics

The Buckle, Inc. (NYSE:BKE ) Q2 2024 Earnings Conference Call August 23, 2024 10:00 AM ET Company Participants Tom Heacock - Senior Vice President of Finance, Treasurer and Chief Financial Officer Adam Akerson - Vice President of Finance and Corporate Controller Dennis Nelson - President and Chief Executive Officer Conference Call Participants Mauricio Serna - UBS Alan Glenn - Concord & Main Ltd Operator Good morning and thank you for standing by. Welcome to Buckle's Second Quarter Earnings Release Webcast.

The Buckle, Inc. (BKE) Q2 2024 Earnings Call Transcript

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS SECOND QUARTER NET INCOME.

The Buckle, Inc. Reports Second Quarter Net Income

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS JULY 2024 NET SALES.

The Buckle, Inc. Reports July 2024 Net Sales

KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. Reports June 2024 Net Sales.

The Buckle, Inc. Reports June 2024 Net Sales

The Buckle, Inc. (NYSE:BKE ) Q1 2024 Earnings Conference Call May 24, 2024 10:00 AM ET Company Participants Tom Heacock - SVP Finance, Treasurer and CFO Adam Akerson - VP, Finance and Corporate Controller Dennis Nelson - President and CEO Conference Call Participants Mauricio Serna - UBS Alan Glenn - Concord & Main Ltd Operator Good morning and thank you for standing by and welcome to Buckle's First Quarter Earnings Release Webcast. As a reminder, all participants are currently in a listen-only mode.

The Buckle, Inc. (BKE) Q1 2024 Earnings Call Transcript

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS FIRST QUARTER NET INCOME.

The Buckle, Inc. Reports First Quarter Net Income

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Buckle's performance has ebbed as expected after the post-pandemic retail surge. Store count has declined over the last decade. The resistance to store growth - a departure from past experience - continues to be a disappointment given high profitability.

Buckle: A Growth Challenge

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS APRIL 2024 NET SALES.

The Buckle, Inc. Reports April 2024 Net Sales

KEARNEY, Neb.--(BUSINESS WIRE)--THE BUCKLE, INC. REPORTS MARCH 2024 NET SALES AND ANNOUNCES THE APPOINTMENT OF STACEY M. MANARY AS VICE PRESIDENT OF WOMEN'S MERCHANDISING.

News for Buckle Stock (BKE)