BKE earnings analysis
What we found in BKE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The Buckle, Inc. reported solid Q1 2026 earnings, with diluted EPS of $0.92, exceeding expectations of $0.74, and revenue of $288.7 million, slightly below the consensus of $289.2 million. A year-over-year revenue increase of 6.1% highlights continuing strong operational performance, though operating margins experienced a minor decline. Gross profit margin fell to 46.2% from 46.7% amid rising costs, but net income surged by 33.3% year-over-year, indicating strong profitability despite the margin pressures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Exceeds Expectations
- Buckle reported a diluted EPS of $0.92 compared to estimates of $0.74, resulting in a surprise of 24.3%.
- Year-Over-Year Revenue Growth
- Revenue increased 6.1% to $288.7 million from $272.1 million in Q1 2025.
- Operating Income Improved
- Operating income increased to $59.5 million from $43.5 million year-over-year, showing a 36.5% rise.
- Cash Flow from Operations Increased
- Operating cash flow improved significantly to $49.3 million from $31.0 million in Q1 2025.
- Strong Net Income Growth
- Net income rose by 33.3% year-over-year, from $35.2 million in Q1 2025 to $46.9 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Gross Margin Decline
- Gross margin decreased to 46.2% in Q1 2026 from 46.7% in Q1 2025, due to rising costs.
- Potential Inventory Management Issues
- The increase in inventory to $150.2 million from $139.5 million raises concerns about potential markdowns.
- Economic Factors Impacting Retail Sales
- General macroeconomic conditions could impact future sales and profitability, which remain uncertain.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.92
- Gross margin
- 46.2%
- Operating margin
- 20.6%
What they said about what is next.
Management anticipates total capital expenditures of approximately $60 to $65 million for fiscal 2026.
The filing reads better than the one before it.
What came before.
- 10-K · April 1, 2026
- The Buckle reports a mall-and-power-center focused specialty apparel footprint of 440 stores as of January 31, 2026, with denim driving 42.5% of fiscal 2025 net sales and brand-name merchandise ~53% of net sales.…
- 10-Q · December 11, 2025
- The Buckle reported a solid quarter with net sales of $320,837,000 (up $27,219,000 or ~9.3% vs $293,618,000 a year ago), modest gross- and operating-margin expansion, and diluted EPS of $0.96 (vs $0.88 prior year).…
- 10-Q · June 12, 2025
- The Buckle reported modest top-line and margin improvement for the thirteen weeks ended May 3, 2025: net sales rose to $272,121,000 (up $9,641,000 or 3.7% vs $262,480,000), gross profit increased to $126,976,000 (46.7%…
- 10-Q · June 13, 2024
- The Buckle reported Q1 net sales of $262,480,000, down 7.2% year-over-year, with diluted EPS of $0.69 versus $0.86 a year ago. Gross margin declined to 46.0% from 47.1% and operating margin fell to 16.2% from 19.0%,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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