The Buckle, Inc. Reports January 2025 Net Sales

Rhea-AI Summary

The Buckle (NYSE: BKE) reported mixed financial results for January 2025. While comparable store net sales for stores open at least one year showed a 4.4% increase in the 4-week period ended February 1, 2025, total net sales decreased 18.0% to $59.5 million compared to $72.6 million in the prior year's 5-week period.

For the fourth quarter, comparable store sales increased 3.9%, though net sales slightly decreased by 0.8% to $379.2 million. The fiscal year 2025 showed broader challenges, with comparable store sales declining 2.7% year-to-date and total net sales dropping 3.4% to $1.218 billion from $1.261 billion in the previous year.

It's important to note that January 2025 was a 4-week fiscal period compared to January 2024's 5-week period, affecting the year-over-year comparisons.

Positive

• 4.4% increase in January 2025 comparable store sales
• 3.9% increase in Q4 comparable store sales

Negative

• 18.0% decrease in January 2025 net sales to $59.5 million
• 0.8% decrease in Q4 net sales to $379.2 million
• 2.7% decrease in full-year comparable store sales
• 3.4% decrease in annual net sales to $1.218 billion

Insights

Retail Financial Analyst

The Buckle's January 2025 performance reveals important insights about the retailer's operational health. The comparable store sales growth of 4.4% for January and 3.9% for Q4 demonstrates underlying business strength, as this metric eliminates calendar variations and provides a clearer picture of organic growth.

The headline decline in total sales (18.0% monthly, 0.8% quarterly) appears dramatic but requires context. The decrease is primarily attributed to the calendar shift from a 53-week to a 52-week fiscal year, rather than operational weakness. When normalized for the extra week, the performance actually shows resilience in a challenging retail environment.

The full-year comparable store sales decline of 2.7% and total sales decrease of 3.4% to $1.218 billion warrants attention but should be viewed through the lens of broader retail industry trends. Despite headwinds from shifting consumer spending patterns and economic pressures, Buckle's ability to maintain positive comparable sales growth in recent months suggests successful merchandise and operational strategies.

For investors, these results indicate: 1) Operational stability with positive comparable sales momentum in recent months, 2) Effective inventory and pricing management supporting margins and 3) A business model proving resilient despite macro challenges. The company's ability to drive positive comparable sales growth in Q4, typically the most critical period for retailers, is particularly encouraging for maintaining market position and profitability.

KEARNEY, Neb.--(BUSINESS WIRE)-- The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 4-week period ended February 1, 2025 increased 4.4 percent from comparable store net sales for the 4-week period ended February 3, 2024. Net sales for the 4-week fiscal month ended February 1, 2025 decreased 18.0 percent to $59.5 million from net sales of $72.6 million for the prior year 5-week fiscal month ended February 3, 2024.

Comparable store net sales for the 13-week fourth quarter ended February 1, 2025 increased 3.9 percent from comparable store net sales for the 13-week period ended February 3, 2024. Net sales for the 13-week fiscal fourth quarter ended February 1, 2025 decreased 0.8 percent to $379.2 million compared to net sales of $382.4 million for the prior year 14-week fiscal fourth quarter ended February 3, 2024.

Comparable store net sales year-to-date for the 52-week fiscal year ended February 1, 2025 decreased 2.7 percent from comparable store net sales for the 52-week period ended February 3, 2024. Net sales for the 52-week fiscal year ended February 1, 2025 decreased 3.4 percent to $1.218 billion compared to net sales of $1.261 billion for the prior year 53-week fiscal year ended February 3, 2024.

January 2025 was a 4-week fiscal period ending Buckle’s 52-week fiscal year. January 2024 was a 5-week fiscal period ending Buckle’s 53-week fiscal year. Comparable store net sales for the month, quarter, and year-to-date periods are compared to the 4-week, 13-week, and 52-week periods ended February 3, 2024 while total net sales are compared to the 5-week, 14-week, and 53-week fiscal periods ended February 3, 2024.

About Buckle

Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 440 retail stores in 42 states, which includes the closing of four stores during fiscal January, as well as the closing of one store earlier this week (after the fiscal month ended). The Company operated 444 stores in 42 states as of February 6, 2024. To listen to the Company’s recorded monthly sales commentary, please call (308) 238-2500.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company 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. The Company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

News releases and other information on The Buckle, Inc.
can be accessed at www.buckle.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250206084040/en/

Thomas B. Heacock, Chief Financial Officer

The Buckle, Inc.

(308) 236-8491

Source: The Buckle, Inc.

FAQ

What was Buckle's (BKE) comparable store sales growth in January 2025?

Buckle's comparable store sales increased by 4.4% in January 2025 compared to the same period last year.

How much did BKE's net sales decline in January 2025?

Buckle's net sales decreased by 18.0% to $59.5 million in January 2025 compared to $72.6 million in January 2024.

What was Buckle's (BKE) total revenue for fiscal year 2025?

Buckle's total net sales for fiscal year 2025 were $1.218 billion, down 3.4% from $1.261 billion in the previous year.

How did BKE perform in Q4 2025 compared to Q4 2024?

In Q4 2025, Buckle's comparable store sales increased 3.9%, but total net sales decreased 0.8% to $379.2 million compared to Q4 2024.

Why is there a significant difference between BKE's January 2025 comparable and total sales?

The difference is due to January 2025 being a 4-week fiscal period compared to January 2024's 5-week period, affecting year-over-year comparisons.