GICS Sector : Consumer Cyclical
The Buckle, Inc.operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States.It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B. Holt, and Veece.
Buckle's third-quarter earnings for 2025 demonstrated a robust financial performance, with net income reaching $48.7 million or $0.96 per share on a diluted basis, surpassing the estimated $0.952 EPS. Net sales increased 9.3% to $320.8 million, driven by an 8.3% rise in comparable store sales and a 13.6% increase in online sales to $53 million. The company's gross margin for the quarter was 48%, a 30 basis point increase from 47.7% in the third quarter of 2024, while the operating margin was 19%, compared to 18.6% for the third quarter of fiscal 2024.
Publication Date: Jan -09
The women's business continued to accelerate, with merchandise sales increasing about 19%, led by denim, which rose approximately 17.5%. In contrast, men's merchandise sales were up about 1%, with denim sales also increasing by about 1%. According to Dennis Nelson, "guests seem excited about the product response," indicating a positive consumer reaction to Buckle's offerings.
Buckle ended the quarter with 442 retail stores in 42 states and $371.3 million of total cash and investments. The company opened 2 new stores and completed 6 full store remodels during the quarter. Inventory levels were at $165.8 million, up 11% from the same time a year ago, reflecting the company's efforts to support growing demand.
With a P/E Ratio of 13.54 and an EV/EBITDA of 10.29, Buckle's valuation appears reasonable. Analysts estimate next year's revenue growth at 2.6%, indicating a moderate pace. Buckle's strong denim business, particularly in women's denim, is expected to continue, with the company feeling "good about the consumer's health." The merchandise margin was down 10 basis points for Q3 due to a decrease in private label business and slight increases in costs related to tariffs and other flow-throughs.
Buckle's return metrics remain impressive, with an ROE of 44.42% and an ROIC of 21.25%. The company's dividend yield stands at 7.01%, making it an attractive option for income investors. With a Free Cash Flow Yield of 7.4%, Buckle appears to be generating sufficient cash to support its dividend payments and potentially invest in growth initiatives.
The Buckle, Inc. (BKE) Pre Recorded Sales/ Trading Statement Call Prepared Remarks Transcript
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The Buckle, Inc. Reports January 2026 Net Sales
Feb -05
The Buckle, Inc. Announces Retirement of Executive Vice President of Stores and Senior Vice President of Sales
Jan -23
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The Buckle, Inc. (BKE) Q3 2025 Earnings Call Transcript
Jan -08
The Buckle, Inc. Reports December 2025 Net Sales
Jan -08
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Jan -02
The 4.65% growth in Denims from The Buckle, Inc. is driven by increasing demand for fashion-forward and comfortable clothing, particularly among Gen Z and millennials. Additionally, the company's focus on private label brands, effective inventory management, and strategic pricing strategies have contributed to the growth.
The 4.65% growth in Tops (including Sweaters) from The Buckle, Inc. is driven by increasing demand for casual wear, rising popularity of athleisure, and effective marketing strategies. Additionally, the company's focus on providing high-quality, fashion-forward products at affordable prices has contributed to its growth. Furthermore, the expansion of online shopping channels and strategic partnerships have also boosted sales.
The Buckle, Inc.'s accessories segment growth of 4.83% is driven by increasing demand for fashion-forward and trendy accessories, particularly among Gen Z and millennials. Strong brand recognition, effective marketing strategies, and a wide range of products at affordable prices also contribute to this growth.
The Buckle, Inc.'s footwear segment growth of 4.83% is driven by increasing demand for fashion-forward and comfortable footwear, particularly among younger generations. Strong brand recognition, effective marketing strategies, and a wide range of styles at affordable prices also contribute to this growth.
The Buckle, Inc.'s 4.83% growth in Sportswear/Fashion is driven by increasing demand for casual, comfortable clothing, particularly among Gen Z and millennials. Strong brand recognition, effective marketing strategies, and a focus on omnichannel retailing also contribute to growth. Additionally, the company's ability to stay on-trend with fashion cycles and offer affordable prices has helped to attract and retain customers.
Youth from The Buckle, Inc. achieved 4.83% growth driven by increasing demand for trendy and affordable fashion, effective social media marketing, and strategic partnerships with popular influencers. Additionally, the company's focus on experiential retail and loyalty programs contributed to the growth, as well as its ability to adapt to changing consumer preferences.
The Buckle's Outerwear segment growth of 4.83% is driven by increasing demand for fashion-forward and functional outerwear, particularly among younger demographics. Strong brand recognition, effective marketing strategies, and a wide range of styles at affordable prices also contribute to this growth.
The Buckle's Casual Bottoms segment growth of 4.83% is driven by increasing demand for fashion-forward denim, successful marketing campaigns targeting younger demographics, and strategic store expansions in high-traffic locations. Additionally, the company's focus on private label brands and competitive pricing strategies have contributed to the segment's growth.
The Buckle, Inc. offers a wide range of denim products including jeans, shorts, and jackets from popular brands like BKE, Buckle Black, and ReRock.
The Buckle, Inc. sells a variety of tops including graphic tees, blouses, and sweaters from brands like Fossil, Hurley, and Oakley.
The Buckle, Inc. offers a range of dresses including maxi dresses, mini dresses, and bodycon dresses from brands like Free People and Billabong.
The Buckle, Inc. sells a wide range of shoes including boots, sneakers, and sandals from brands like Dr. Martens, Vans, and Steve Madden.
The Buckle, Inc. offers a range of accessories including hats, belts, and jewelry from brands like Fossil and The Sak.
The threat of substitutes for The Buckle, Inc. is medium due to the presence of alternative fashion retailers and online shopping platforms.
The bargaining power of customers is high due to the availability of numerous fashion retailers and online shopping platforms, giving customers a wide range of options.
The bargaining power of suppliers is low due to the company's large scale of operations and ability to negotiate better prices with suppliers.
The threat of new entrants is medium due to the moderate barriers to entry in the fashion retail industry, including the need for significant capital investment and establishment of a strong brand reputation.
The intensity of rivalry is high due to the presence of numerous fashion retailers and online shopping platforms, leading to intense competition for market share.
| Value | |
|---|---|
| Debt Weight | 43.29% |
| Debt Cost | 3.95% |
| Equity Weight | 56.71% |
| Equity Cost | 9.87% |
| WACC | 7.31% |
| Leverage | 76.33% |
Value: 5.0
Growth: 4.0
Quality: 7.6
Yield: 10.0
Momentum: 7.0
Volatility: 7.3
1-Year Total Return ->
Value: 7.6
Growth: 5.0
Quality: 4.9
Yield: 5.0
Momentum: 0.5
Volatility: 3.3
1-Year Total Return ->
Value: 8.8
Growth: 4.0
Quality: 6.0
Yield: 2.0
Momentum: 1.0
Volatility: 4.3
1-Year Total Return ->
Value: 7.7
Growth: 1.1
Quality: 2.3
Yield: 5.0
Momentum: 7.5
Volatility: 2.3
1-Year Total Return ->
Value: 3.1
Growth: 4.6
Quality: 4.8
Yield: 1.0
Momentum: 6.0
Volatility: 2.3
1-Year Total Return ->
Value: 5.5
Growth: 2.8
Quality: 2.8
Yield: 5.0
Momentum: 1.5
Volatility: 1.0
1-Year Total Return ->