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The Buckle, Inc. Reports Second Quarter Net Income

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KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended August 2, 2025 was $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended August 2, 2025 increased 8.3 percent to $305.7 million from net sales of $282.4 million for the prior year 13-week fiscal quarter ended August 3, 2024. Comparable store net sales for the 13-week fiscal quarter ended August 2, 2025 increased 7.3 percent from comparable store net sales for the prior year 13-week period ended August 3, 2024. Online sales increased 17.7 percent to $43.6 million for the 13-week fiscal quarter ended August 2, 2025, compared to net sales of $37.0 million for the 13-week fiscal quarter ended August 3, 2024.

Net sales for the 26-week fiscal period ended August 2, 2025 increased 6.1 percent to $577.9 million from net sales of $544.9 million for the prior year 26-week fiscal period ended August 3, 2024. Comparable store net sales for the 26-week period ended August 2, 2025 increased 5.2 percent from comparable store net sales for the prior year 26-week period ended August 3, 2024. Online sales increased 10.5 percent to $90.0 million for the 26-week period ended August 2, 2025, compared to net sales of $81.4 million for the 26-week period ended August 3, 2024.

Net income for the second quarter of fiscal 2025 was $45.0 million, or $0.90 per share ($0.89 per share on a diluted basis), compared with net income of $39.3 million, or $0.79 per share ($0.78 per share on a diluted basis) for the second quarter of fiscal 2024.

Net income for the 26-week fiscal period ended August 2, 2025 was $80.2 million, or $1.60 per share ($1.59 per share on a diluted basis), compared with net income of $74.1 million, or $1.49 per share ($1.48 per share on a diluted basis) for the 26-week period ended August 3, 2024.

Management will hold a live audio webcast at 10:00 a.m. EDT today to discuss results for the quarter. To register for the live event, please visit https://buckle.zoom.us/webinar/register/WN_kxGn9uXlSZaxqrYaGpgENw. A replay of the event can be accessed through Buckle’s investor relations website within twenty-four hours after the conclusion of the live event ().

About Buckle

Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 440 retail stores in 42 states. As of the end of the fiscal quarter, it operated 440 stores in 42 states compared with 440 stores in 42 states at the end of the second quarter of fiscal 2024.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company’s control. Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

Note: News releases and other information on The Buckle, Inc. can be accessed at .

Financial Tables to Follow

THE BUCKLE, INC.

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CONSOLIDATED STATEMENTS OF INCOME

(Amounts in Thousands Except Per Share Amounts)

(Unaudited)

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Thirteen Weeks Ended

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Twenty-Six Weeks Ended

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August 2,
2025

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August 3,
2024

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August 2,
2025

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August 3,
2024

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Ìý

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Ìý

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SALES, Net of returns and allowances

$

305,737

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$

282,392

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$

577,858

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$

544,872

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COST OF SALES (Including buying, distribution, and occupancy costs)

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160,728

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149,858

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Ìý

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305,873

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Ìý

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291,641

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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Gross profit

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145,009

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132,534

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Ìý

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271,985

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Ìý

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253,231

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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OPERATING EXPENSES:

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Ìý

Ìý

Ìý

Ìý

Ìý

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Selling

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73,900

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70,742

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Ìý

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141,099

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Ìý

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134,468

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General and administrative

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14,768

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Ìý

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13,532

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Ìý

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30,999

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Ìý

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28,107

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Ìý

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88,668

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Ìý

Ìý

84,274

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Ìý

Ìý

172,098

Ìý

Ìý

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162,575

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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INCOME FROM OPERATIONS

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56,341

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48,260

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Ìý

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99,887

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Ìý

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90,656

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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OTHER INCOME, Net

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3,270

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Ìý

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3,733

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Ìý

Ìý

6,337

Ìý

Ìý

Ìý

7,487

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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INCOME BEFORE INCOME TAXES

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59,611

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Ìý

Ìý

51,993

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Ìý

Ìý

106,224

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Ìý

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98,143

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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INCOME TAX EXPENSE

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14,605

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Ìý

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12,738

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Ìý

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26,025

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Ìý

Ìý

24,045

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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NET INCOME

$

45,006

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$

39,255

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$

80,199

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$

74,098

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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EARNINGS PER SHARE:

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Ìý

Ìý

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Basic

$

0.90

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$

0.79

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$

1.60

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$

1.49

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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Diluted

$

0.89

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$

0.78

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$

1.59

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$

1.48

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Ìý

Ìý

Ìý

Ìý

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Basic weighted average shares

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50,199

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49,854

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50,199

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49,854

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Diluted weighted average shares

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50,627

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50,221

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50,584

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50,197

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THE BUCKLE, INC.

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CONSOLIDATED BALANCE SHEETS

(Amounts in Thousands Except Share and Per Share Amounts)

(Unaudited)

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Ìý

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ASSETS

August 2,
2025

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February 1,
2025 (1)

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August 3,
2024

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CURRENT ASSETS:

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Cash and cash equivalents

$

297,811

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$

266,929

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$

287,266

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Short-term investments

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22,118

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Ìý

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23,801

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Ìý

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21,856

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Receivables

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7,704

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Ìý

Ìý

6,758

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Ìý

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7,698

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Inventory

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142,486

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Ìý

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120,789

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Ìý

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131,418

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Prepaid expenses and other assets

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23,183

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Ìý

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20,932

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Ìý

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20,962

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Total current assets

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493,302

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Ìý

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439,209

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469,200

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Ìý

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PROPERTY AND EQUIPMENT

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527,716

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510,088

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500,236

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Less accumulated depreciation and amortization

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(368,933

)

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Ìý

(364,336

)

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(360,903

)

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Ìý

158,783

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Ìý

Ìý

145,752

Ìý

Ìý

Ìý

139,333

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Ìý

Ìý

Ìý

Ìý

Ìý

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OPERATING LEASE RIGHT-OF-USE ASSETS

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334,703

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Ìý

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289,793

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Ìý

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292,194

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LONG-TERM INVESTMENTS

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29,630

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Ìý

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28,116

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Ìý

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26,984

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OTHER ASSETS

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12,214

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Ìý

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10,303

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Ìý

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12,560

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Ìý

Ìý

Ìý

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Ìý

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Total assets

$

1,028,632

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$

913,173

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$

940,271

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LIABILITIES AND STOCKHOLDERS� EQUITY

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Ìý

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CURRENT LIABILITIES:

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Accounts payable

$

72,630

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$

45,982

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$

62,820

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Accrued employee compensation

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30,030

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46,717

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Ìý

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24,478

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Accrued store operating expenses

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28,087

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Ìý

Ìý

19,266

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Ìý

Ìý

26,124

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Gift certificates redeemable

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13,582

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Ìý

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17,007

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Ìý

Ìý

13,214

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Current portion of operating lease liabilities

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82,489

Ìý

Ìý

Ìý

78,942

Ìý

Ìý

Ìý

79,583

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Income taxes payable

Ìý

2,736

Ìý

Ìý

Ìý

6,018

Ìý

Ìý

Ìý

�

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Total current liabilities

Ìý

229,554

Ìý

Ìý

Ìý

213,932

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Ìý

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206,219

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Ìý

Ìý

Ìý

Ìý

Ìý

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DEFERRED COMPENSATION

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29,630

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Ìý

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28,116

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Ìý

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26,984

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NON-CURRENT OPERATING LEASE LIABILITIES

Ìý

293,293

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Ìý

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247,321

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Ìý

Ìý

248,424

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Total liabilities

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552,477

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Ìý

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489,369

Ìý

Ìý

Ìý

481,627

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Ìý

Ìý

Ìý

Ìý

Ìý

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COMMITMENTS

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Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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STOCKHOLDERS� EQUITY:

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Ìý

Ìý

Ìý

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Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,156,626 shares at August 2, 2025, 50,773,556 shares at February 1, 2025, and 50,773,796 shares at August 3, 2024

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512

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Ìý

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508

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Ìý

Ìý

508

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Additional paid-in capital

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213,775

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Ìý

Ìý

205,817

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Ìý

Ìý

199,551

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Retained earnings

Ìý

261,868

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Ìý

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217,479

Ìý

Ìý

Ìý

258,585

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Total stockholders� equity

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476,155

Ìý

Ìý

Ìý

423,804

Ìý

Ìý

Ìý

458,644

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

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Total liabilities and stockholders� equity

$

1,028,632

Ìý

Ìý

$

913,173

Ìý

Ìý

$

940,271

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Ìý

Ìý

Ìý

Ìý

Ìý

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(1) Derived from audited financial statements.

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Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

Buckle Inc

NYSE:BKE

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BKE Stock Data

2.82B
31.20M
38.86%
61.01%
4.54%
Apparel Retail
Retail-family Clothing Stores
United States
KEARNEY