The Buckle (BKE) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2025 was $45.0 million ($0.89 per diluted share), up from $39.3 million ($0.78 per share) in Q2 2024; year-to-date net income reached $80.2 million, up from $74.1 million year-over-year.

• Net sales for Q2 2025 increased 8.3% to $305.7 million; comparable store sales rose 7.3%, and online sales grew 17.7% to $43.6 million.

• Gross margin for Q2 was 47.4%, up from 46.9% year-over-year, driven by higher merchandise margin and expense leverage.

• Operating margin for Q2 was 18.4%, up from 17.1% in Q2 2024.

• Store count remained unchanged at 440 stores in 42 states compared to the prior year.

Financial highlights

• Year-to-date net sales increased 6.1% to $577.9 million; comparable store sales up 5.2%, online sales up 10.5%.

• Q2 2025 EPS: $0.90 basic, $0.89 diluted; YTD EPS: $1.60 basic, $1.59 diluted.

• Gross profit for Q2 was $145.0 million (47.4% margin); YTD: $272.0 million (47.1% margin).

• Cash and cash equivalents at quarter-end were $297.8 million; inventory was $142.5 million, up 8.4% year-over-year.

• Total stockholders' equity at quarter-end was $476.2 million.

Segment performance

• Women's merchandise sales grew 18.5% year-over-year, now 47.5% of sales, led by a 20.5% increase in women's denim.

• Men's merchandise sales increased 1.5%, with men's denim up 4.5%; men's share of sales declined to 52.5%.

• Accessory sales rose 9.5%, while footwear sales declined 0.5%; kids' business grew 23% and now represents 4.5% of total sales.

• Private label represented 43.5% of sales, up from 43% a year ago.

• Online sales accounted for 14.3% of Q2 net sales and 15.6% of YTD net sales.