Buckle Inc
F:BK2
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F:BK2
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Buckle Inc
Buckle Inc. is a specialty apparel retailer that sells casual clothing, denim, footwear, and accessories for young men and women. It runs both physical stores and an online shop, and its product mix leans heavily toward jeans, tops, jackets, shoes, and branded fashion basics that appeal to style-focused shoppers. The company makes money the simple retail way: it buys merchandise from outside brands and from its own label programs, then sells those goods at a markup to customers. Its main customers are teens and young adults shopping for casual, trend-driven outfits, often for school, work, and everyday wear. Buckle also earns from related items like belts, jewelry, and other accessories that complete an outfit. What makes Buckle different is its focus on a narrow customer group and a curated shopping experience rather than a broad department-store model. It acts as a fashion buyer and merchandiser, choosing brands and styles that fit its core denim-and-casualwear image. That gives it a clear role in the retail value chain: presenting a tightly edited mix of apparel and accessories for shoppers who want help putting together a look.
Buckle Inc. is a specialty apparel retailer that sells casual clothing, denim, footwear, and accessories for young men and women. It runs both physical stores and an online shop, and its product mix leans heavily toward jeans, tops, jackets, shoes, and branded fashion basics that appeal to style-focused shoppers.
The company makes money the simple retail way: it buys merchandise from outside brands and from its own label programs, then sells those goods at a markup to customers. Its main customers are teens and young adults shopping for casual, trend-driven outfits, often for school, work, and everyday wear. Buckle also earns from related items like belts, jewelry, and other accessories that complete an outfit.
What makes Buckle different is its focus on a narrow customer group and a curated shopping experience rather than a broad department-store model. It acts as a fashion buyer and merchandiser, choosing brands and styles that fit its core denim-and-casualwear image. That gives it a clear role in the retail value chain: presenting a tightly edited mix of apparel and accessories for shoppers who want help putting together a look.
Strong quarter: Buckle reported net income of $46.9 million, or $0.92 per diluted share, up from $35.2 million, or $0.70, a year ago.
Sales growth: Net sales rose 6.1% to $288.7 million, with comparable store sales up 5.1% and online sales up 2.8% to $47.7 million.
Margin mix: Gross margin slipped 50 basis points to 46.2%, mainly from higher buying, distribution and occupancy costs, while merchandise margins were only down 10 basis points.
Settlement boost: SG&A fell sharply as a percentage of sales because the quarter included a $19.1 million interchange fee litigation settlement; excluding that, SG&A was actually up 150 basis points.
Merchandise strength: Women’s, kids, accessories and tops were strong, while men’s denim was softer; management said the customer remains healthy and inventory is in good shape.
Store growth: Buckle opened 3 stores in the quarter and expects to open 9 more and complete 7 more remodels this year, ending the quarter with 442 stores in 42 states.
