The Buckle, Inc. (BKE) Earnings Call Transcript & Summary

Hi, this is Adam Akerson with Buckle, and this is a recording of Buckle's commentary regarding the company's April 2025 sales press release. Our May 8, 2025 press release reported that comparable store sales, for stores opened at least 1 full year, for the 4-week period ended May 3, 2025, increased 6.1% in comparison to the prior year 4-week period ended May 4, 2024. Total net sales for the 4-week fiscal month increased 7% to $85.5 million compared to net sales of $79.9 million in the prior year 4-week fiscal month ended May 4, 2024. On the men's side of the business, total sales for the 4-week fiscal period ended May 3, 2025, increased 2% in comparison to the prior year 4-week period ended May 4, 2024. The men's business represented approximately 51.5% of total sales for the month, versus approximately 53.5% for the same period in the prior year. For the fiscal month, overall price points on the men's side of the business were up about 0.5%. On the women's side of the business, total sales for the 4-week fiscal period ended May 3, 2025, increased 11.5% in comparison to the prior year 4-week period ended May 4, 2024. The women's business represented approximately 48.5% of total sales for the month versus approximately 46.5% in the same period a year ago. For the fiscal month, overall price points on the women's side of the business increased about 1.5%. Within the men's and women's categories combined, accessory sales for the fiscal month increased approximately 7.5% in comparison to the prior year 4-week period ended May 4, 2024, while footwear sales increased slightly. These 2 categories accounted for approximately 11% and 6%, respectively, of the current fiscal April net sales. This compares with approximately 11% and 6.5%, respectively, for each in the prior year. Average accessory price points for the month were up about 2%, and average footwear price points increased approximately 3.5%. For the month, UPTs decreased slightly and the average transaction value increased about 0.5% compared to the prior year 4-week period ended May 4, 2024. Buckle currently operates 439 retail stores in 42 states, compared to 440 retail stores in 42 states as of May 8, 2024. It is our company policy not to provide any guidance on current sales or to project results for the next quarter. Additionally, any forward-looking statements made during this commentary 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. I hope this brief commentary has answered your questions. If, however, you have any further questions, please call Tom Heacock at (308) 238-2443 or myself at (308) 338-2779.