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

Hi. This is Adam Akerson with Buckle. This is a recording of Buckle's commentary regarding the company's August 2025 sales press release. Our September 4, 2025, press release reported that comparable store sales for stores opened at least 1 full year for the 4-week period ended August 30, 2025, increased 12.2% in comparison to the prior year 4-week period ended August 31, 2024. Total net sales for the 4-week fiscal month increased 13.4% to $119.2 million compared to net sales of $105.1 million in the prior year 4-week fiscal month ended August 31, 2024. On the men's side of the business, total sales for the 4-week fiscal period ended August 30, 2025, increased 4% in comparison to the prior year 4-week period ended August 31, 2024. The men's business represented approximately 49.5% of total sales for the month versus approximately 54% 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 1.5%. On the women's side of the business, total sales for the 4-week fiscal period ended August 30, 2025, increased 25.5% in comparison to the prior year 4-week period ended August 31, 2024. The women's business represented approximately 50.5% of total sales for the month versus approximately 46% in the same period a year ago. For the fiscal month, overall price points on the women's side of the business increased about 7%. Within the men's and women's categories combined, accessory sales for the fiscal month increased approximately 10% in comparison to the prior year 4-week period ended August 31, 2024, while footwear sales decreased about 0.5%. These 2 categories accounted for approximately 9.5% and 4%, respectively, of the current fiscal August net sales. This compares with approximately 10% and 4.5%, respectively, for each in the prior year. Average accessory price points for the month were up about 3% and average footwear price points increased approximately 4.5%. For the month, UPTs decreased approximately 1.5%, while the average transaction value increased about 2.5% compared to the prior year 4-week period ended August 31, 2024. Buckle currently operates 441 retail stores in 42 states, consistent with the store count as of September 4, 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. Thanks.