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 February 2026 sales press release. Our March 5, 2026 press release reported that comparable store sales for stores opened at least one full year for the 4-week period ended February 28, 2026, increased 8% in comparison to the prior year 4-week period ended March 1, 2025. Total net sales for the 4-week fiscal month increased 8.8% to $84.4 million compared to net sales of $77.6 million in the prior year 4-week fiscal month ended March 1, 2025. On the men's side of the business, total sales for the 4-week fiscal period ended February 28, 2026, increased 6.5% in comparison to the prior year 4-week period ended March 1, 2025. The men's business represented approximately 48.5% of total sales for the month versus approximately 49.5% 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 3%. On the women's side of the business, total sales for the 4-week fiscal period ended February 28, 2026, increased 11.5% in comparison to the prior year 4-week period ended March 1, 2025. The women's business represented approximately 51.5% of total sales for the month versus approximately 50.5% for the same period a year ago. For the fiscal month, overall price points on the women's side of the business increased about 5%. Within the men's and women's categories combined, accessory sales for the fiscal month increased approximately 12% in comparison to the prior year 4-week fiscal period ended March 1, 2025, and footwear sales increased about 3%. These 2 categories accounted for approximately 11% and 4.5%, respectively, of both the current and prior year fiscal February net sales. Average accessory price points for the month were up about 7.5% and average footwear price points increased approximately 10%. For the month, UPTs decreased approximately 1%, while the average transaction value increased about 3% compared to the prior year 4-week period ended March 1, 2025. Buckle currently operates 440 retail stores in 42 states, which is consistent with the store count as of March 5, 2025. 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.