The Buckle (BKE) Q2 2027 earnings summary

Executive summary

• Net income for Q2 2026 was $44.4 million ($0.87 per diluted share), slightly down from $45 million ($0.89 per share) in Q2 2025, while year-to-date net income rose to $91.3 million from $80.2 million year-over-year.

• Net sales for Q2 2026 increased 4.6% year-over-year to $319.8 million; year-to-date net sales rose 5.3% to $608.6 million.

• Comparable store sales grew 2.1% for the quarter and 3.5% year-to-date; online sales increased 2.3% for the quarter and 2.5% year-to-date, reaching $44.6 million in Q2.

• Store count at quarter-end was 446, up from 440 a year ago.

Financial highlights

• Gross margin for Q2 was 47.8%, up from 47.4% last year; merchandise margins improved by 110 basis points, including a 65 basis point benefit from tariff refunds.

• Operating margin for Q2 was 17.4%, down from 18.4% in Q2 2025; year-to-date operating margin improved to 19% from 17.3%.

• SG&A expenses for Q2 were 30.4% of net sales, up from 29.0% last year, mainly due to higher marketing, labor, and benefits costs.

• Cash and investments totaled $322.9 million at quarter-end; cash and cash equivalents were $264.8 million.

• Inventory at quarter-end was $161.4 million, up 13.3% year-over-year.

Outlook and guidance

• Management expects to open 6 new stores and complete 4 remodels in the remainder of fiscal 2026.

• Estimated capital expenditures for fiscal 2026 are $60–65 million, focused on store projects and technology.

• No future sales or earnings guidance provided; forward-looking statements subject to risks and uncertainties as described in SEC filings.