The Buckle, Inc., is an American fashion retailer selling clothing, footwear, and accessories for men, women, and children. The company operates 451 stores in 42 states throughout the United States of America, under the names Buckle and The Buckle. Buckle markets brand name and private label apparel, including denim, other casual bottoms, tops and shirts, dresses and rompers, sportswear and athleisure, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other accessories.3 Its shares trade on NYSE under the symbol BKE.1Wikipedia text CC BY-SA 4.0
The Buckle, Inc., is an American fashion retailer selling clothing, footwear, and accessories for men, women, and children. The company operates 451 stores in 42 states throughout the United States of America, under the names Buckle and The Buckle. Buckle markets brand name and private label apparel, including denim, other casual bottoms, tops and shirts, dresses and rompers, sportswear and athleisure, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other accessories.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Where each dollar of operating cash went, fiscal 2026
Capital spendingDividends paid
Capital spending17¢$45.4M
Dividends paid83¢$225.1M
Out of $251.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Revenue10111213146$1.3B in 2026+47% since 2019Gross profit10111213146$635.9M in 2026+74% since 2019Operating income10111213146$261.4M in 2026+116% since 2019Net income10111213146$209.7M in 2026+119% since 2019
Revenue1516$319.8M in Q2 FY2026+11% since Q1 FY2026Gross profit1516$153.0M in Q2 FY2026+15% since Q1 FY2026Operating income1516$55.8M in Q2 FY2026−6% since Q1 FY2026Net income1516$44.4M in Q2 FY2026−5% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
SALES, Net of returns and allowances
$1.3B
$1.2B
$1.3B
COST OF SALES (Including buying, distribution, and occupancy costs)
$662.0M
$624.9M
$642.0M
Gross profit
$635.9M
$592.8M
$619.1M
Selling
$308.5M
$293.2M
$291.0M
General and administrative
$65.9M
$58.2M
$57.0M
Total selling, general and administrative expenses
$374.4M
$351.4M
$348.0M
INCOME FROM OPERATIONS
$261.4M
$241.4M
$271.1M
OTHER INCOME, Net
$14.7M
$16.4M
$18.2M
INCOME BEFORE INCOME TAXES
$276.1M
$257.8M
$289.2M
INCOME TAX EXPENSE (Note G)
$66.4M
$62.3M
$69.3M
NET INCOME
$209.7M
$195.5M
$219.9M
Basic (dollars per share)
$4.17
$3.92
$4.44
Diluted (dollars per share)
$4.14
$3.89
$4.40
No quarter-by-quarter statement was filed.
Total assets1710111213146$991.3M in 2026+88% since 2019Total liabilities1710111213146$566.6M in 2026+325% since 2019Shareholders’ equity111213146$424.6M in 2026+8% since 2019Cash1713146$249.5M in 2026+48% since 2019
Total assets1516$1.1B in Q2 FY2026+10% since Q1 FY2026Total liabilities1516$605.8M in Q2 FY2026+7% since Q1 FY2026Shareholders’ equity1516$489.0M in Q2 FY2026+15% since Q1 FY2026Cash1516$264.8M in Q2 FY2026+6% since Q1 FY2026
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
2023-01-31
Cash and cash equivalents
$249.5M
$266.9M
$268.2M
$252.1M
Short-term investments (Notes B and C)
$24.7M
$23.8M
Receivables
$11.0M
$6.8M
Inventory
$139.5M
$120.8M
Prepaid expenses and other assets
$23.2M
$20.9M
Total current assets
$447.9M
$439.2M
PROPERTY AND EQUIPMENT (Note E)
$523.0M
$510.1M
Less accumulated depreciation and amortization
-$360.6M
-$364.3M
PROPERTY AND EQUIPMENT, Net
$162.4M
$145.8M
OPERATING LEASE RIGHT-OF-USE ASSETS (Note D)
$339.7M
$289.8M
LONG-TERM INVESTMENTS (Notes B and C)
$32.4M
$28.1M
OTHER ASSETS (Notes G and H)
$8.9M
$10.3M
Total assets
$991.3M
$913.2M
Accounts payable
$47.7M
$46.0M
Accrued employee compensation
$55.0M
$46.7M
Accrued store operating expenses
$20.1M
$19.3M
Gift certificates redeemable
$17.2M
$17.0M
Current portion of operating lease liabilities (Note D)
$85.9M
$78.9M
Income taxes payable (Note G)
$10.8M
$6.0M
Total current liabilities
$236.7M
$213.9M
DEFERRED COMPENSATION (Note J)
$32.0M
$28.1M
NON-CURRENT OPERATING LEASE LIABILITIES (Note D)
$297.9M
$247.3M
Total liabilities
$566.6M
$489.4M
Common stock, authorized 100,000,000 shares of $0.01 par value; 51,156,626 and 50,773,556 shares issued and outstanding at January 31, 2026 and February 1, 2025, respectively
$512.0K
$508.0K
Additional paid-in capital
$222.0M
$205.8M
Retained earnings
$202.1M
$217.5M
Total stockholders equity
$424.6M
$423.8M
$413.2M
$376.3M
Total liabilities and stockholders' equity
$991.3M
$913.2M
Common stock, authorized (shares)
100.0M shares
Common stock, par value (dollars per share)
$0.01
Common stock, shares issued (shares)
51.2M shares
50.8M shares
Common stock, shares outstanding (shares)
51.2M shares
50.8M shares
Period ending
2026-01-31
2025-01-31
2024-01-31
2023-01-31
Cash and cash equivalents
$249.5M
$266.9M
$268.2M
$252.1M
Short-term investments (Notes B and C)
$24.7M
$23.8M
Receivables
$11.0M
$6.8M
Inventory
$139.5M
$120.8M
Prepaid expenses and other assets
$23.2M
$20.9M
Total current assets
$447.9M
$439.2M
PROPERTY AND EQUIPMENT (Note E)
$523.0M
$510.1M
Less accumulated depreciation and amortization
-$360.6M
-$364.3M
PROPERTY AND EQUIPMENT, Net
$162.4M
$145.8M
OPERATING LEASE RIGHT-OF-USE ASSETS (Note D)
$339.7M
$289.8M
LONG-TERM INVESTMENTS (Notes B and C)
$32.4M
$28.1M
OTHER ASSETS (Notes G and H)
$8.9M
$10.3M
Total assets
$991.3M
$913.2M
Accounts payable
$47.7M
$46.0M
Accrued employee compensation
$55.0M
$46.7M
Accrued store operating expenses
$20.1M
$19.3M
Gift certificates redeemable
$17.2M
$17.0M
Current portion of operating lease liabilities (Note D)
$85.9M
$78.9M
Income taxes payable (Note G)
$10.8M
$6.0M
Total current liabilities
$236.7M
$213.9M
DEFERRED COMPENSATION (Note J)
$32.0M
$28.1M
NON-CURRENT OPERATING LEASE LIABILITIES (Note D)
$297.9M
$247.3M
Total liabilities
$566.6M
$489.4M
Common stock, authorized 100,000,000 shares of $0.01 par value; 51,156,626 and 50,773,556 shares issued and outstanding at January 31, 2026 and February 1, 2025, respectively
$512.0K
$508.0K
Additional paid-in capital
$222.0M
$205.8M
Retained earnings
$202.1M
$217.5M
Total stockholders equity
$424.6M
$423.8M
$413.2M
$376.3M
Total liabilities and stockholders' equity
$991.3M
$913.2M
Common stock, authorized (shares)
100.0M shares
Common stock, par value (dollars per share)
$0.01
Common stock, shares issued (shares)
51.2M shares
50.8M shares
Common stock, shares outstanding (shares)
51.2M shares
50.8M shares
Cash from operations10111213146$251.1M in 2026+131% since 2019Capital spending10111213146$45.4M in 2026+353% since 2019Free cash flow10111213146$205.8M in 2026+108% since 2019Dividends paid10111213146$225.1M in 2026+130% since 2019Share buybacks101112$0 in 2023
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
Net income
$209.7M
$195.5M
$219.9M
Depreciation and amortization
$25.4M
$23.0M
$20.8M
Amortization of non-vested stock grants, net of forfeitures
$16.2M
$13.1M
$13.7M
Deferred income taxes
$1.5M
$637.0K
-$1.1M
Other
-$413.0K
$912.0K
$1.0M
Receivables
-$4.4M
$615.0K
-$1.0M
Inventory
-$18.7M
$5.5M
-$1.2M
Prepaid expenses and other assets
-$2.3M
-$2.1M
-$6.4M
Accounts payable
-$318.0K
$1.5M
$92.0K
Accrued employee compensation
$8.2M
-$3.1M
-$5.7M
Accrued store operating expenses
$806.0K
$199.0K
-$280.0K
Gift certificates redeemable
$230.0K
$340.0K
-$110.0K
Income taxes payable
$5.0M
$2.7M
$9.6M
Other assets and liabilities
$10.2M
$3.3M
$5.1M
Net cash flows from operating activities
$251.1M
$242.0M
$254.6M
Purchases of property and equipment
-$45.4M
-$42.3M
-$37.3M
Proceeds from sale of property and equipment
$5.7M
$0
$4.0K
Change in other assets
-$25.0K
-$29.0K
-$26.0K
Purchases of investments
-$38.9M
-$40.0M
-$43.4M
Proceeds from sales/maturities of investments
$35.0M
$37.0M
$38.9M
Net cash flows from investing activities
-$43.5M
-$45.3M
-$41.8M
Payment of dividends
-$225.1M
-$198.0M
-$196.7M
Net cash flows from financing activities
-$225.1M
-$198.0M
-$196.7M
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Buckle sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Buckle, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
Dennis H. NelsonFiled SC 13G/A on Buckle, latest Feb 9, 2024 (3 filings since Feb 7, 2022)
HIRSCHFELD DANIEL JFiled SC 13G/A on Buckle, latest Feb 9, 2024 (3 filings since Feb 7, 2022)
BlackRockFiled SC 13G/A on Buckle, latest Jan 24, 2024 (3 filings since Feb 1, 2022)
FMR LLCFiled SC 13G/A on Buckle, latest May 10, 2022 (2 filings since Feb 9, 2022)
BuckleKearney, Nevada, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Buckle reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
All of the store locations operated by the Company are leased facilities. Most of the Company's stores have lease terms of approximately ten years. In the past, the Company has not experienced problems renewing its leases, although no assurance can be given that the Company can renew existing leases on favorable terms. The Company seeks to negotiate extensions on leases for stores undergoing remodeling to provide terms of approximately ten years after completion of remodeling. Consent of the landlord generally is required to remodel or change the name under which the Company does business. The Company has not experienced problems in obtaining such consent in the past. Most leases provide for a fixed minimum rental cost plus an additional rental cost based upon a set percentage of sales beyond a specified breakpoint, plus common area and other charges. The current terms of the Company's leases for stores open as of January 31, 2026, including automatic renewal options, expiring on or before January 31 of each year is as follows:
Year · Number of Expiring Leases
The rest of Item 2
2027 · 125
2028 · 81
2029 · 49
2030 · 29
2031 · 22
2032 · 24
2033 · 29
2034 and later · 81
Total · 440
The corporate headquarters and online fulfillment center for the Company are located within a facility purchased by the Company in 1988, which is located in Kearney, Nebraska. The building currently provides approximately 261,200 square feet of space, which includes approximately 82,200 square feet related to the Company’s 2005 addition. During fiscal 2010, the Company completed construction of a 240,000 square foot distribution center in Kearney, Nebraska, which currently serves as the Company’s only store distribution center. In fiscal 2015, the Company completed construction of a new office building as a part of its home office campus in Kearney, Nebraska, which provides 80,000 square feet of office space.
Buckle began as a men's clothing store established in 1948 in Kearney, Nebraska. The first store was founded by David Hirschfeld and operated under the name Mills Clothing. His son, Dan Hirschfeld, took over the business in 1965. In 1967, a second store was purchased and operated under the name Brass Buckle. The company began selling more casual men's clothing and by the early 1970s, Brass Buckle had developed into a denim-based store offering a wide selection of denim and shirts.
In 1977, the company introduced women's clothing and the first mall-based location was opened. In 1991, Brass Buckle changed its name to The Buckle, Inc. and began development of private clothing label 'bkle', known today as BKE. The following year, the company went public on the NASDAQ, where it was traded as BKLE. The company reached operations of 100 stores in 18 states.
1997 – The Buckle moved to the New York Stock Exchange, where it now trades under the symbol, BKE. In 1998, The Buckle reached operations of 200 stores in 29 states.
1999 – The first eCommerce website was launched.
2009 – The Buckle reached operation of 400 stores in 41 states.
2010 – The company completed construction of a new 240,000 square feet, state-of-the-art distribution center.
2011 – The company reached a milestone of selling five million pairs of jeans in one year.
2017 – The Buckle operated over 450 stores in 44 states.
Buckle markets denim jeans, casual bottoms, fashion tops and shirts, dresses and rompers, active wear, outerwear, footwear, swimwear, fragrances, sunglasses, bags and purses, wallets, and other accessories. Buckle's own private label brands make up 35% of sales.
Nov 20, 2026Reports results for the quarter ending Oct/202662
When it reported results
Aug 21, 2026Reported quarterly or annual results52
May 29, 2026Reported quarterly or annual results54
Mar 13, 2026Reported quarterly or annual results57
Nov 21, 2025Reported quarterly or annual results63
Aug 22, 2025Reported quarterly or annual results64
May 23, 2025Reported quarterly or annual results65
Mar 14, 2025Reported quarterly or annual results66
Nov 22, 2024Reported quarterly or annual results67
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
303 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 161 insider forms, 16 large holders, 1 private raises, 54 other. The latest 20:
56 open-market trades by officers, directors and large owners since October 2021: 2 buys and 54 sales. Grants, option exercises and gifts are left out.
BlackRockSC 13G/A, 3 filings Feb 1, 2022 to Jan 24, 202472
FMR LLCSC 13G/A, 2 filings Feb 9, 2022 to May 10, 202273
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Where the company's money came from, by calendar year: private offerings filed with the SEC,
federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA.
Each bar links to the records below.
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Jul 16, 2021Raised $60 million in a private offering of equity49Form D: 36 investors so farForm D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Apr 1, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks Buckle names in Item 1A of its 10-K filed Apr 1, 2026: 16 risks under these headings, as written.18
Dependence on Merchandising/Fashion Sensitivity.
Dependence on Private Label Merchandise.
Fluctuations in Comparable Store Net Sales Results.
Ability to Continue Expansion and Management of Growth.
Ability to Adjust to Changes in Shopping Center Traffic and Consumer Trends Related to E-Commerce Shopping.
Dependence on a Single Distribution Facility and Third-Party Carriers.
Reliance on Foreign Sources of Production.
Dependence upon Maintaining Sales and Profit Growth in the Highly Competitive Retail Apparel Industry.
Reliance on Consumer Spending Trends.
Fluctuations in Tax Obligations and Effective Tax Rate.
Evolving Regulations and Expectations with Respect to Environmental, Social, and Governance Matters.
Modifications and/or Upgrades to Information Technology Systems May Disrupt Operations.
The other 4 risks
Reliance on Increasingly Complex Information Systems for Management of Distribution, Sales, and Other Functions.
Unauthorized Access to, or Accidental Disclosure of, Consumer Personally-Identifiable Information that the Company Collects May Result in Significant Expenses and Negatively Impact the Company's Reputation and Business.
Operations of the Company Could be Adversely Affected by Events Beyond the Company's Control.
Impact to the Operations of the Company's Facilities and Retail Stores Resulting from Global Pandemics.
Legal proceedings
From time to time, the Company is involved in litigation relating to claims arising out of its operations in the normal course of business. As of the date of this Form 10-K, the Company was not engaged in legal proceedings that are expected, individually or in the aggregate, to have a material effect on the Company.