The Buckle, Inc. (NYSE:BKE) announced today that net income for the fiscal quarter ended May 2, 2026 was $46.9 million, or $0.93 per share ($0.92 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended May 2, 2026 increased 6.1 percent to $288.7 million from net sales of $272.1 million for the prior year 13-week fiscal quarter ended May 3, 2025. Comparable store net sales for the 13-week fiscal quarter ended May 2, 2026 increased 5.1 percent from comparable store net sales for the prior year 13-week period ended May 3, 2025. Online sales increased 2.8 percent to $47.7 million for the 13-week fiscal quarter ended May 2, 2026, compared to net sales of $46.4 million for the 13-week fiscal quarter ended May 3, 2025.

Net income for the first quarter of fiscal 2026 was $46.9 million, or $0.93 per share ($0.92 per share on a diluted basis), compared with net income of $35.2 million, or $0.70 per share ($0.70 per share on a diluted basis) for the first quarter of fiscal 2025.

As disclosed in the Company's Form 10-K filed with the Securities and Exchange Commission on April 1, 2026, the Company entered into a final settlement agreement resolving interchange fee litigation and received cash proceeds of $19.1 million, net of legal fees, during the fiscal quarter ended May 2, 2026. The Company recorded the settlement as a reduction to Selling Expenses for the quarter ended May 2, 2026.

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_1biv_wJXRU2zF4J96aDa4Q. 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 (https://corporate.buckle.com/investor-relations/events).

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 444 retail stores in 42 states, which includes the opening of three new stores located in Baraboo, Wisconsin, Gretna, Nebraska, and Buckeye, Arizona, as well as the closing of one store earlier this month (after the fiscal month ended). As of the end of the fiscal quarter, it operated 442 stores in 42 states compared with 439 stores in 42 states at the end of the first quarter of fiscal 2025.

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 www.buckle.com.

Financial Tables to Follow

THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) (Unaudited)


	Thirteen Weeks Ended
	May 2, 2026		May 3, 2025

SALES, Net of returns and allowances	$	288,735	$	272,121

COST OF SALES (Including buying, distribution, and occupancy costs)		155,259		145,145

Gross profit		133,476		126,976

OPERATING EXPENSES:
Selling		55,216		67,199
General and administrative		18,807		16,231
		74,023		83,430

INCOME FROM OPERATIONS		59,453		43,546

OTHER INCOME, Net		2,643		3,067

INCOME BEFORE INCOME TAXES		62,096		46,613

INCOME TAX EXPENSE		15,214		11,420

NET INCOME	$	46,882	$	35,193


EARNINGS PER SHARE:
Basic	$	0.93	$	0.70

Diluted	$	0.92	$	0.70

Basic weighted average shares		50,619		50,199
Diluted weighted average shares		50,996		50,541

THE BUCKLE, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) (Unaudited)


ASSETS	May 2, 2026			January 31, 2026 (1)			May 3, 2025

CURRENT ASSETS:
Cash and cash equivalents	$	266,164		$	249,461		$	268,884
Short-term investments		23,818			24,698			22,883
Receivables		7,281			10,980			7,927
Inventory		150,197			139,504			132,395
Prepaid expenses and other assets		23,510			23,235			23,554
Total current assets		470,970			447,878			455,643

PROPERTY AND EQUIPMENT		533,205			523,002			518,076
Less accumulated depreciation and amortization		(364,191	)		(360,556	)		(365,986	)
		169,014			162,446			152,090

OPERATING LEASE RIGHT-OF-USE ASSETS		364,826			339,687			330,014
LONG-TERM INVESTMENTS		33,813			32,393			28,275
OTHER ASSETS		10,166			8,875			11,307

Total assets	$	1,048,789		$	991,279		$	977,329

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable	$	60,619		$	47,749		$	63,015
Accrued employee compensation		18,353			54,960			15,228
Accrued store operating expenses		24,672			20,072			23,494
Gift certificates redeemable		14,798			17,237			14,753
Current portion of operating lease liabilities		85,451			85,877			83,634
Income taxes payable		26,794			10,810			17,605
Total current liabilities		230,687			236,705			217,729

DEFERRED COMPENSATION		33,813			31,994			28,275
NON-CURRENT OPERATING LEASE LIABILITIES		325,418			297,937			286,052
Total liabilities		589,918			566,636			532,056

COMMITMENTS

STOCKHOLDERS' EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 51,518,086 shares at May 2, 2026, 51,156,626 shares at January 31, 2026, and 51,157,306 shares at May 3, 2025		515			512			512
Additional paid-in capital		227,372			221,998			209,995
Retained earnings		230,984			202,133			234,766
Total stockholders' equity		458,871			424,643			445,273

Total liabilities and stockholders' equity	$	1,048,789		$	991,279		$	977,329

(1) Derived from audited financial statements.

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Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

The Buckle, Inc. Reports First Quarter Net Income