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BKE

The Buckle, Inc.

BKE

The Buckle, Inc. • NYSE
$56.48 ▼ -1.45% (-0.83)
Market Cap $2.89 B
52w High $61.69
52w Low $33.12
Dividend Yield 3.90%
P/E 13.81
Volume 154.49K
Outstanding Shares 51.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $320.837M ▲ $92.992M ▲ $48.7M ▲ 15.179% ▲ $0.97 ▲ $64.503M ▼
Q2-2025 $305.737M ▲ $88.668M ▲ $45.006M ▲ 14.72% ▲ $0.9 ▲ $65.741M ▲
Q1-2025 $272.121M ▼ $83.43M ▼ $35.193M ▼ 12.933% ▼ $0.7 ▼ $49.407M ▼
Q4-2024 $379.199M ▲ $103.26M ▲ $77.198M ▲ 20.358% ▲ $1.53 ▲ $102.619M ▲
Q3-2024 $293.618M $85.588M $44.172M 15.044% $0.89 $54.483M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $340.145M ▲ $1.078B ▲ $567.639M ▲ $510.73M ▲
Q2-2025 $319.929M ▲ $1.029B ▲ $552.477M ▲ $476.155M ▲
Q1-2025 $291.767M ▲ $977.329M ▲ $532.056M ▲ $445.273M ▲
Q4-2024 $290.73M ▼ $913.173M ▼ $489.369M ▲ $423.804M ▼
Q3-2024 $325.44M $976.27M $487.881M $488.389M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $45.006M ▲ $58.436M ▲ $-11.605M ▼ $-17.904M ▲ $28.927M ▲ $46.4M ▲
Q1-2025 $35.193M ▼ $30.976M ▼ $-11.115M ▼ $-17.906M ▲ $1.955M ▲ $19.573M ▼
Q4-2024 $77.198M ▲ $120.772M ▲ $-11.096M ▲ $-144.705M ▼ $-35.029M ▼ $110.951M ▲
Q3-2024 $44.172M ▲ $43.754M ▼ $-11.291M ▼ $-17.771M ▼ $14.692M ▼ $33.602M ▼
Q2-2024 $39.255M $47.604M $-9.996M $-17.769M $19.839M $36.131M

Revenue by Products

Product Q2-2025
Reportable Segment
Reportable Segment
 $310.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has cooled slightly from its peak a few years ago but remains well above pre‑pandemic levels, suggesting the business is normalizing after a very strong run. Profit margins are still robust for a retailer, though they have slipped from earlier highs, which points to some pressure from discounting, higher costs, or softer traffic. Earnings per share follow the same pattern: strong, but trending gently down from their best years. Overall, this looks like a mature, consistently profitable retailer working through a softer phase of the cycle rather than a business in distress.

Balance Sheet

Balance Sheet The balance sheet looks conservative and sturdy. Total assets have inched up over time, with a sizeable portion held in cash or cash‑like reserves, giving management flexibility. Debt and lease obligations are present but appear manageable relative to the company’s size and equity, pointing to low financial risk. Equity has grown steadily, which indicates that profits have not been fully paid out and that the company has retained a solid capital base. Altogether, the financial position supports resilience through retail downturns.

Cash Flow

Cash Flow Cash generation from the core business has been consistently strong, even as sales have softened a bit from their peak. Free cash flow has been healthy year after year, after covering routine investments in stores, technology, and infrastructure. Capital spending has crept up from very low levels, suggesting a shift from “maintenance only” toward more active reinvestment, but still well within what cash flows can support. This pattern implies the company can fund its needs internally and still have room for dividends, buybacks, or further strategic spending when desired.

Competitive Edge

Competitive Edge Buckle operates as a niche player rather than a mass‑market giant. Its edge lies in being a “denim destination,” a curated mix of brands and private labels, and a high‑touch, stylist‑like in‑store experience. Personalized service, free alterations, and a strong loyalty program help it build repeat business and differentiate from pure self‑service or ultra‑fast‑fashion rivals. At the same time, the company is in a highly competitive, trend‑driven space, facing pressure from large online platforms, fast‑fashion chains, and shifting youth tastes. Its moat is based more on execution, culture, and customer relationships than on hard‑to-replicate technology.

Innovation and R&D

Innovation and R&D Innovation here is practical and customer‑centric rather than flashy. The company is investing in its e‑commerce platform, integrating stores and online into a single shopping experience, and using mobile point‑of‑sale tools to streamline service. It appears to use data and, more recently, AI‑style recommendations and virtual fitting tools to improve product selection and reduce returns. Most of its “R&D” shows up in evolving private‑label brands, refining the in‑store experience, and optimizing the store footprint. The main risk is that innovation is mostly incremental; Buckle must keep up its pace of improvement to avoid being left behind by faster‑moving digital and fashion competitors.

Summary

Buckle looks like a disciplined, consistently profitable retailer that has come off peak results but remains fundamentally sound. Earnings and margins are somewhat lower than in their best recent years, yet still solid by retail standards, backed by a conservative balance sheet and reliable cash generation. Its strategy leans on personalized service, strong private‑label offerings, and a steadily improving omnichannel experience rather than aggressive expansion or radical tech bets. The key questions going forward are whether it can keep its youth‑oriented fashion offering fresh, continue to grow digital sales, and maintain its service‑led differentiation in a crowded, fast‑changing apparel market.

NEWS

November 21, 2025 · 6:50 AM UTC

The Buckle, Inc. Reports Third Quarter Net Income

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November 6, 2025 · 6:50 AM UTC

The Buckle, Inc. Reports October 2025 Net Sales

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October 9, 2025 · 6:50 AM UTC

The Buckle, Inc. Reports September 2025 Net Sales

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