BUCKLE INC BKE
The Buckle, Inc. (the "Company") is a retailer of medium to better-priced casual apparel, footwear, and accessories for fashion-conscious men, women, and kids. As of January 31, 2026, the Company operated 440 retail stores in 42 states throughout the United States under the names "Buckle" and "Buckle Youth." The Company markets a wide selection of casual apparel including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The Company emphasizes personalized attention to its customers and provides customer services such as free hemming, free gift-packaging, the Buckle private label credit card, and a guest loyalty program. Most stores are located in regional shopping malls and lifestyle centers. In recent years, however, the Company has successfully relocated several of its stores in smaller and middle markets from enclosed malls into power center locations, with continued plans for pursuing more such relocation opportunities in the future. The majority of the Company's central office functions, including purchasing, pricing, accounting, marketing, and distribution, are controlled from its corporate offices and distribution center in Kearney, Nebraska. The Company's men's buying team is located in Overland Park, Kansas.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.30B | $1.22B | $1.26B | $1.35B | $1.29B | $901.3M | $900.3M | $885.5M | $913.4M | $974.9M |
| Cost of revenue | $662.0M | $624.9M | $642.0M | $669.2M | $641.6M | $500.6M | $522.8M | $519.4M | $533.4M | — |
| Gross profit | $635.9M | $592.8M | $619.1M | $676.0M | $653.0M | $400.7M | $377.5M | $366.1M | $380.0M | $397.2M |
| SG&A | $374.4M | $351.4M | $348.0M | $347.9M | $317.5M | $232.6M | $246.0M | $245.1M | $245.9M | $244.4M |
| Operating income | $261.4M | $241.4M | $271.1M | $328.1M | $335.5M | $168.0M | $131.5M | $120.9M | $134.1M | $152.8M |
| Pre-tax income | $276.1M | $257.8M | $289.2M | $335.1M | $337.8M | $170.9M | $137.7M | $126.6M | $139.5M | $156.3M |
| Income tax | $66.4M | $62.3M | $69.3M | $80.4M | $82.9M | $40.8M | $33.3M | $31.0M | $49.8M | $58.3M |
| Net income | $209.7M | $195.5M | $219.9M | $254.6M | $254.8M | $130.1M | $104.4M | $95.6M | $89.7M | $98.0M |
| EPS, basic | 4.17 | 3.92 | 4.44 | 5.17 | 5.20 | 2.67 | 2.15 | 1.97 | 1.86 | 2.04 |
| EPS, diluted | 4.14 | 3.89 | 4.40 | 5.13 | 5.16 | 2.66 | 2.14 | 1.97 | 1.85 | 2.03 |
| Shares, diluted (wtd. avg.) | $50.7M | $50.3M | $50.0M | $49.6M | $49.4M | $49.0M | $48.8M | $48.6M | $48.4M | $48.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $249.5M | $266.9M | $268.2M | $252.1M | $254.0M | $318.8M | $221.0M | $168.5M | $165.1M | $196.5M |
| Short-term investments | $24.7M | $23.8M | $22.2M | $21.0M | $12.9M | $3.4M | $12.5M | $51.5M | $50.8M | $50.0M |
| Receivables | $11.0M | $6.8M | $8.7M | $12.6M | $12.1M | $2.8M | $3.1M | $7.1M | $8.6M | $8.2M |
| Inventory | $139.5M | $120.8M | $126.3M | $125.1M | $102.1M | $101.1M | $121.3M | $125.2M | $118.0M | $125.7M |
| Total current assets | $447.9M | $439.2M | $444.3M | $423.3M | $391.2M | $437.2M | $378.8M | $370.4M | $360.6M | $386.5M |
| Property, plant and equipment | $162.4M | $145.8M | $128.8M | $112.4M | $100.5M | $100.4M | $113.8M | $130.7M | $149.5M | $169.0M |
| Total assets | $991.3M | $913.2M | $889.8M | $837.6M | $780.9M | $845.8M | $867.9M | $527.3M | $538.1M | $579.8M |
| Accounts payable | $47.7M | $46.0M | $46.0M | $44.8M | $60.0M | $43.4M | $26.5M | $29.0M | $29.4M | $25.1M |
| Total current liabilities | $236.7M | $213.9M | $221.5M | $226.0M | $248.5M | $206.4M | $172.6M | $90.2M | $97.9M | $98.6M |
| Total liabilities | $566.6M | $489.4M | $476.6M | $461.3M | $468.0M | $449.2M | $478.7M | $133.4M | $146.9M | $149.3M |
| Retained earnings | $202.1M | $217.5M | $220.0M | $196.8M | $145.1M | $238.1M | $236.4M | $244.8M | $246.6M | $290.7M |
| Total equity | $424.6M | $423.8M | $413.2M | $376.3M | $312.9M | $396.6M | $389.1M | $393.9M | $391.2M | $430.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $251.1M | $242.0M | $254.6M | $242.4M | $311.8M | $227.4M | $130.7M | $108.7M | $119.7M | $148.9M |
| Depreciation and amortisation | $25.4M | $23.0M | $20.8M | $18.9M | $18.7M | $20.9M | $23.8M | $26.8M | $30.7M | $32.8M |
| Capital expenditure | $45.4M | $42.3M | $37.3M | $30.4M | $19.1M | $7.7M | $7.3M | $10.0M | $13.5M | $31.7M |
| Investing cash flow | -$43.5M | -$45.3M | -$41.8M | -$41.4M | -$28.8M | -$768.0K | $34.8M | -$7.6M | -$17.3M | -$28.7M |
| Financing cash flow | -$225.1M | -$198.0M | -$196.7M | -$202.9M | -$347.8M | -$128.8M | -$112.9M | -$97.7M | -$133.9M | -$84.8M |
| Dividends paid | $225.1M | $198.0M | $196.7M | $202.9M | $347.8M | $128.5M | $112.9M | $97.7M | $133.9M | $84.8M |
| Buybacks | — | — | — | $0 | $0 | $372.0K | $68.0K | $0 | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000885245-26-000016.
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