Buckle (BKE) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 29, 2026 astatine 9:55 AM CDT 12 min read

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Date

Friday, May 29, 2026 astatine 10 a.m. ET

Call participants

• Chief Financial Officer — Thomas Heacock

• Vice President of Finance — Adam J. Akerson

• Chief Executive Officer — Dennis H. Nelson

Full Conference Call Transcript

Thomas Heacock: Good morning, and acknowledgment for joining america this morning. Our 05/29/2026 property merchandise reported that nett income for the 13 week archetypal quarter, which ended 05/02/2026, was $46.9 cardinal oregon $0.92 per stock connected a diluted basis, which compares to nett income of 35.2 cardinal oregon $0.70 per stock connected a diluted ground for the anterior twelvemonth 13 week archetypal 4th which ended 05/03/2025. Net income for the 4th accrued 6.1% to $289 cardinal compared to nett income of $272 cardinal for the anterior year. Comparable store income for the 4th accrued 5.1% successful examination to the aforesaid 13 week play successful the anterior year, and our online income accrued 2.8% to 47.7 million.

For the quarter, UPTs decreased astir 1% The mean portion retail accrued to astir 4.5%, and the mean transaction worth accrued astir 3.5%. Gross borderline for the 4th was 46.2%, a alteration of 50 ground points from 46.7% successful the archetypal 4th of 2025. With the alteration being the effect of a 10 ground constituent simplification successful merchandise margins, on with a 40 ground constituent interaction from accrued buying organisation and occupancy disbursal Selling, wide and administrative expenses for the 4th were 25.6% of nett income compared to 30.7 for the archetypal 4th of 2025.

The archetypal 4th alteration was owed to a 660 ground constituent interaction from the designation of a $19.1 cardinal interchange interest litigation colony during the archetypal 4th of 2026 arsenic disclosed successful our 2025 Form 10-Ks. Absent the interaction of this settlement, SG and A expenses were up 150 ground points for the quarter. Which was driven by a 100 ground constituent summation successful inducement and equity compensation accruals, a 30 ground constituent summation successful store related compensation expense, and a 20 ground constituent summation successful different SG and A disbursal categories. As a result, our operating borderline for the 4th was 20.6% compared to 16% for the archetypal 4th of fiscal 2025.

Income taxation disbursal arsenic a percent of pretax nett income for some the existent and anterior twelvemonth archetypal 4th was 24.5%. Our property merchandise besides included a equilibrium expanse arsenic of 05/02/2026, which included the following. Inventory of 150 cardinal which was up 13.5% from the aforesaid clip a twelvemonth agone and $324 cardinal successful full currency and investments. We ended the 4th with $169 cardinal successful fixed assets nett of accumulated depreciation. Our superior expenditures for the 4th were 14.7 cardinal and depreciation disbursal was 6.5 cardinal Capital spending for the 4th included $13.5 cardinal for caller store construction, store remodels and exertion upgrades and $1.2 cardinal for superior spending astatine the firm office and organisation center.