The earnings call showed a mix of positive and negative trends. While there was growth in the youth business and private label sales, the company faced declines in net income, sales, and gross margin, along with increased SG&A expenses. The sentiment is balanced by the company's efforts in store expansions and remodels.

Company Guidance

During Buckle's third-quarter earnings call for 2024, the company refrained from providing future sales or earnings guidance, adhering to its policy and emphasizing the associated risks and uncertainties under the safe harbor statement. Key financial metrics were detailed: net income for the quarter was $51.8 million or $1.04 per diluted share, down from $61.4 million or $1.24 per diluted share in the prior year. Net sales decreased by 8.7% to $303.5 million, with comparable store sales down 9.2% and online sales dropping 16.2%. The gross margin declined to 48.5% from 49.8% in the previous year, primarily due to deleverage in buying, distribution, and occupancy expenses, although merchandise margins remained flat. Selling, general, and administrative expenses rose to 27.4% of net sales from 25.9% in the prior year, driven by increased store labor, G&A salaries, equity compensation, and marketing spend. Operating margin for the quarter was 21.1%, compared to 23.9% in the previous year. Inventory levels were stable at $152.3 million, with $357.6 million in total cash and investments. The company opened three new stores and completed four full remodels during the quarter, ending with 443 retail stores in 42 states, and planned further store openings and remodels for the remainder of the year.

Youth Business Growth

The youth business grew approximately 2% for the quarter, building on a 26.5% growth a year ago.

Private Brand Strength

Private label sales increased, representing 47% of sales compared to 46% in the third quarter of fiscal '22.

Store Expansion and Remodels

During the quarter, 3 new stores were opened, and 4 full store remodels were completed. Year-to-date, 7 new stores and 15 full remodels have been completed.

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Buckle (BKE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BKE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 14, 2025	2024 (Q4)	1.36 / -	1.59	―	―	―
Nov 22, 2024	2024 (Q3)	0.89 / 0.88	1.04	-15.38% (-0.16)	―
Aug 23, 2024	2024 (Q2)	0.80 / 0.78	0.92	-15.22% (-0.14)	―
May 24, 2024	2024 (Q1)	0.74 / 0.69	0.86	-19.77% (-0.17)	―
Mar 15, 2024	2023 (Q4)	1.44 / 1.59	1.76	-9.66% (-0.17)	―
Nov 17, 2023	2023 (Q3)	0.95 / 1.04	1.24	-16.13% (-0.20)	―
Aug 18, 2023	2023 (Q2)	0.81 / 0.92	1.01	-8.91% (-0.09)	―
May 26, 2023	2023 (Q1)	0.92 / 0.86	1.12	-23.21% (-0.26)	―
Mar 10, 2023	2022 (Q4)	1.56 / 1.76	1.69	4.14% (+0.07)	―
Nov 18, 2022	2022 (Q3)	1.19 / 1.24	1.26	-1.59% (-0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BKE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 22, 2024	$47.65	$48.86	+2.54%
Aug 23, 2024	$41.32	$43.33	+4.86%
May 24, 2024	$35.84	$36.09	+0.70%
Mar 15, 2024	$36.66	$37.80	+3.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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