The company successfully reversed a period of negative growth to achieve 6.1% revenue expansion in 2026Q1, while maintaining a strong gross margin profile that consistently hovers near 48% in non-holiday quarters.
| Metric | TTM | Jan'26 | Feb'25 | Feb'24 | Jan'23 | Jan'22 | Jan'21 | Feb'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 | Jan'08 | Jan'07 | Jan'06 | Jan'05 | Jan'04 | Jan'03 | Jan'02 | Jan'01 | Jan'00 | Jan'99 | Jan'98 | Jan'97 |
|---|
| Sales/Revenue | 1.31B | 1.3B | 1.22B | 1.26B | 1.35B | 1.29B | 901.28M | 900.25M | 885.5M | 913.38M | 974.87M | 1.12B | 1.15B | 1.13B | 1.12B | 1.06B | 949.84M | 898.29M | 792.05M | 619.89M | 530.07M | 501.1M | 470.94M | 422.82M | 401.06M | 387.64M | 393.25M | 375.53M | 337.9M | 267.9M | 206.4M |
| Revenue Growth % | 7.1% | 6.58% | -3.44% | -6.25% | 3.91% | 43.64% | 0.11% | 1.67% | -3.05% | -6.31% | -12.93% | -2.91% | 2.23% | 0.36% | 5.74% | 11.91% | 5.74% | 13.41% | 27.77% | 16.94% | 5.78% | 6.41% | 11.38% | 5.43% | 3.46% | -1.43% | 4.72% | 11.14% | 26.13% | 29.8% | 19.79% |
| Cost of Goods Sold | 672.09M | 661.98M | 624.9M | 642.04M | 669.18M | 641.6M | 500.61M | 522.78M | 519.42M | 533.36M | 577.71M | 638.22M | 645.81M | 628.86M | 624.69M | 594.29M | 530.71M | 497.67M | 448.56M | 365.35M | 322.76M | 307.06M | 299.96M | 279.9M | 269.53M | 259.64M | 250.45M | 233.63M | 209.5M | 169.1M | 135.1M |
| COGS % of Revenue | - | 51.01% | 51.32% | 50.91% | 49.75% | 49.56% | 55.54% | 58.07% | 58.66% | 58.39% | 59.26% | 57% | 56% | 55.75% | 55.58% | 55.91% | 55.87% | 55.4% | 56.63% | 58.94% | 60.89% | 61.28% | 63.69% | 66.2% | 67.21% | 66.98% | 63.69% | 62.21% | 62% | 63.12% | 65.46% |
| Gross Profit | 642.36M | 635.86M | 592.79M | 619.07M | 676M | 653.01M | 400.67M | 377.47M | 366.07M | 380.02M | 397.17M | 481.4M | 507.33M | 499.14M | 499.31M | 468.65M | 419.13M | 400.62M | 343.49M | 254.54M | 207.31M | 194.04M | 170.98M | 142.92M | 131.53M | 127.99M | 142.8M | 141.9M | 128.4M | 98.8M | 71.3M |
| Gross Margin % | 48.87% | 48.99% | 48.68% | 49.09% | 50.25% | 50.44% | 44.46% | 41.93% | 41.34% | 41.61% | 40.74% | 43% | 44% | 44.25% | 44.42% | 44.09% | 44.13% | 44.6% | 43.37% | 41.06% | 39.11% | 38.72% | 36.31% | 33.8% | 32.79% | 33.02% | 36.31% | 37.79% | 38% | 36.88% | 34.54% |
| Gross Profit Growth % | - | 7.27% | -4.24% | -8.42% | 3.52% | 62.98% | 6.14% | 3.11% | -3.67% | -4.32% | -17.5% | -5.11% | 1.64% | -0.03% | 6.54% | 11.82% | 4.62% | 16.63% | 34.95% | 22.78% | 6.84% | 13.49% | 19.63% | 8.66% | 2.76% | -10.37% | 0.63% | 10.51% | 29.96% | 38.57% | 20.03% |
| Operating Expenses | 365.01M | 374.41M | 351.42M | 348.01M | 347.87M | 317.51M | 232.65M | 245.98M | 245.15M | 245.94M | 244.41M | 251.81M | 250.36M | 242.15M | 241.14M | 232.34M | 208.36M | 201.16M | 181.29M | 144.91M | 128.29M | 117.72M | 107.61M | 94.71M | 85.73M | 80.72M | 80M | 84.86M | 76.6M | 63.1M | 50.8M |
| OpEx % of Revenue | - | 28.85% | 28.86% | 27.6% | 25.86% | 24.53% | 25.81% | 27.32% | 27.68% | 26.93% | 25.07% | 22.49% | 21.71% | 21.47% | 21.45% | 21.86% | 21.94% | 22.39% | 22.89% | 23.38% | 24.2% | 23.49% | 22.85% | 22.4% | 21.38% | 20.82% | 20.34% | 22.6% | 22.67% | 23.55% | 24.61% |
| Selling, General & Admin | 365.01M | 374.41M | 351.42M | 348.01M | 347.87M | 317.51M | 232.65M | 245.98M | 245.15M | 245.94M | 244.41M | 251.81M | 250.36M | 242.15M | 241.14M | 232.34M | 208.36M | 201.16M | 181.29M | 144.91M | 128.29M | 117.72M | 107.61M | 94.71M | 85.73M | 80.72M | 80M | 74.98M | 69.4M | 57.8M | 45.5M |
| SG&A % of Revenue | - | 28.85% | 28.86% | 27.6% | 25.86% | 24.53% | 25.81% | 27.32% | 27.68% | 26.93% | 25.07% | 22.49% | 21.71% | 21.47% | 21.45% | 21.86% | 21.94% | 22.39% | 22.89% | 23.38% | 24.2% | 23.49% | 22.85% | 22.4% | 21.38% | 20.82% | 20.34% | 19.97% | 20.54% | 21.58% | 22.04% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.7M | 9.89M | 7.2M | 5.3M | 5.3M |
| Operating Income | 277.35M | 261.44M | 241.36M | 271.06M | 328.13M | 335.5M | 168.02M | 131.5M | 94.08M | 134.08M | 152.76M | 229.59M | 256.97M | 256.99M | 258.18M | 236.32M | 210.77M | 199.46M | 162.2M | 109.63M | 79.02M | 76.32M | 63.37M | 48.21M | 45.79M | 47.27M | 51.1M | 57.03M | 51.8M | 35.7M | 20.5M |
| Operating Margin % | 21.1% | 20.14% | 19.82% | 21.49% | 24.39% | 25.92% | 18.64% | 14.61% | 10.62% | 14.68% | 15.67% | 20.51% | 22.28% | 22.78% | 22.97% | 22.23% | 22.19% | 22.2% | 20.48% | 17.69% | 14.91% | 15.23% | 13.46% | 11.4% | 11.42% | 12.19% | 12.99% | 15.19% | 15.33% | 13.33% | 9.93% |
| Operating Income Growth % | - | 8.32% | -10.96% | -17.39% | -2.2% | 99.68% | 27.78% | 39.77% | -29.83% | -12.23% | -33.46% | -10.66% | -0.01% | -0.46% | 9.25% | 12.12% | 5.67% | 22.98% | 47.95% | 38.73% | 3.54% | 20.43% | 31.46% | 5.27% | -3.12% | -7.5% | -10.4% | 10.1% | 45.1% | 74.15% | 39.46% |
| EBITDA | 309.5M | 286.86M | 263.5M | 291.89M | 346.99M | 354.19M | 188.88M | 155.29M | 120.93M | 164.82M | 185.55M | 261.73M | 288.65M | 289.63M | 292.01M | 269.09M | 240.55M | 224.6M | 183.97M | 133.9M | 101.1M | 94.6M | 82.45M | 62.82M | 58.24M | 59.4M | 62.97M | 66.92M | 59M | 41M | 25.8M |
| EBITDA Margin % | 23.55% | 22.1% | 21.64% | 23.15% | 25.79% | 27.36% | 20.96% | 17.25% | 13.66% | 18.05% | 19.03% | 23.38% | 25.03% | 25.68% | 25.98% | 25.32% | 25.33% | 25% | 23.23% | 21.6% | 19.07% | 18.88% | 17.51% | 14.86% | 14.52% | 15.32% | 16.01% | 17.82% | 17.46% | 15.3% | 12.5% |
| EBITDA Growth % | 16.38% | 8.87% | -9.73% | -15.88% | -2.03% | 87.52% | 21.64% | 28.41% | -26.63% | -11.17% | -29.11% | -9.33% | -0.34% | -0.82% | 8.52% | 11.87% | 7.1% | 22.08% | 37.4% | 32.44% | 6.87% | 14.74% | 31.25% | 7.85% | -1.95% | -5.66% | -5.91% | 13.42% | 43.9% | 58.91% | 28.36% |
| D&A (Non-Cash Add-back) | 32.15M | 25.42M | 22.13M | 20.83M | 18.86M | 18.69M | 20.86M | 23.79M | 26.85M | 30.75M | 32.79M | 32.14M | 31.68M | 32.63M | 33.83M | 32.77M | 29.78M | 25.14M | 21.78M | 24.27M | 22.08M | 18.28M | 19.08M | 14.61M | 12.45M | 12.13M | 11.87M | 9.89M | 7.2M | 5.3M | 5.3M |
| EBIT | 291.6M | 276.12M | 257.78M | 289.21M | 335.06M | 337.75M | 168.02M | 131.5M | 120.93M | 134.08M | 152.76M | 229.59M | 256.97M | 256.99M | 261.7M | 236.32M | 210.77M | 199.46M | 162.2M | 109.63M | 88.05M | 82.44M | 63.37M | 48.1M | 45.81M | 47.27M | 62.8M | 57.03M | 51.8M | 35.7M | 20.5M |
| Net Interest Income | 0 | 0 | 0 | 0 | 6.92M | 2.26M | 2.92M | 6.21M | 0 | 0 | 0 | 0 | 0 | 3.31M | 3.52M | 4.16M | 3.91M | 3.67M | 7.83M | 8.91M | 7.62M | 5.19M | 3.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 6.92M | 2.26M | 2.92M | 6.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 14.25M | 14.68M | 16.41M | 18.16M | 6.92M | 2.26M | 2.92M | 6.21M | 5.72M | 5.41M | 3.51M | 5.24M | 2.72M | 3.46M | 3.52M | 4.16M | 3.91M | 4.67M | 2.67M | 9.18M | 9.03M | 6.12M | 4.47M | 4.69M | 4.7M | 4.82M | 3.86M | 2.46M | 2.3M | 1.7M | 1.1M |
| Pretax Income | 291.6M | 276.12M | 257.78M | 289.21M | 335.06M | 337.75M | 170.95M | 137.71M | 126.64M | 139.49M | 156.27M | 234.82M | 259.7M | 260.46M | 261.7M | 240.48M | 214.68M | 204.13M | 164.87M | 118.81M | 88.05M | 82.44M | 67.84M | 52.89M | 50.49M | 52.09M | 54.96M | 59.5M | 54.1M | 37.4M | 21.6M |
| Pretax Margin % | 22.18% | 21.28% | 21.17% | 22.93% | 24.91% | 26.09% | 18.97% | 15.3% | 14.3% | 15.27% | 16.03% | 20.97% | 22.52% | 23.09% | 23.28% | 22.62% | 22.6% | 22.72% | 20.82% | 19.17% | 16.61% | 16.45% | 14.41% | 12.51% | 12.59% | 13.44% | 13.98% | 15.84% | 16.01% | 13.96% | 10.47% |
| Income Tax | 70.17M | 66.38M | 62.31M | 69.3M | 80.43M | 82.94M | 40.81M | 33.28M | 31.04M | 49.78M | 58.31M | 87.54M | 97.13M | 97.87M | 97.39M | 89.03M | 80M | 76.82M | 60.46M | 43.56M | 32.33M | 30.54M | 24.61M | 19.15M | 18.43M | 19.23M | 20.16M | 22.11M | 20.1M | 14.1M | 8M |
| Effective Tax Rate % | 24.06% | 24.04% | 24.17% | 23.96% | 24% | 24.55% | 23.87% | 24.17% | 24.51% | 35.69% | 37.31% | 37.28% | 37.4% | 37.58% | 37.22% | 37.02% | 37.26% | 37.64% | 36.67% | 36.67% | 36.71% | 37.04% | 36.28% | 36.2% | 36.5% | 36.91% | 36.69% | 37.16% | 37.15% | 37.7% | 37.04% |
| Net Income | 221.43M | 209.74M | 195.47M | 219.92M | 254.63M | 254.82M | 130.14M | 104.43M | 95.61M | 89.71M | 97.96M | 147.28M | 162.56M | 162.58M | 164.31M | 151.46M | 134.68M | 127.3M | 104.41M | 75.25M | 55.73M | 51.91M | 43.23M | 33.74M | 32.06M | 32.86M | 34.53M | 37.39M | 34M | 23.3M | 13.6M |
| Net Margin % | 16.85% | 16.16% | 16.05% | 17.44% | 18.93% | 19.68% | 14.44% | 11.6% | 10.8% | 9.82% | 10.05% | 13.15% | 14.1% | 14.41% | 14.62% | 14.25% | 14.18% | 14.17% | 13.18% | 12.14% | 10.51% | 10.36% | 9.18% | 7.98% | 7.99% | 8.48% | 8.78% | 9.96% | 10.06% | 8.7% | 6.59% |
| Net Income Growth % | 13.08% | 7.3% | -11.12% | -13.63% | -0.08% | 95.81% | 24.62% | 9.23% | 6.58% | -8.43% | -33.49% | -9.4% | -0.01% | -1.05% | 8.48% | 12.45% | 5.8% | 21.93% | 38.76% | 35.03% | 7.36% | 20.07% | 28.1% | 5.24% | -2.43% | -4.82% | -7.65% | 9.96% | 45.92% | 71.32% | 38.78% |
| Net Income (Continuing) | 221.43M | 209.74M | 195.47M | 219.92M | 254.63M | 254.82M | 130.14M | 104.43M | 95.61M | 89.71M | 97.96M | 147.28M | 162.56M | 162.58M | 164.31M | 151.46M | 134.68M | 127.3M | 104.41M | 75.25M | 55.73M | 51.91M | 43.23M | 33.68M | 32.08M | 32.86M | 34.8M | 37.39M | 34M | 23.3M | 13.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 4.34 | 4.14 | 3.89 | 4.40 | 5.13 | 5.16 | 2.66 | 2.14 | 1.97 | 1.85 | 2.03 | 3.06 | 3.38 | 3.39 | 3.44 | 3.20 | 2.86 | 2.73 | 2.24 | 1.63 | 1.24 | 1.13 | 0.86 | 0.69 | 0.65 | 0.68 | 0.72 | 0.73 | 0.65 | 0.47 | 0.28 |
| EPS Growth % | 12.08% | 6.43% | -11.59% | -14.23% | -0.58% | 93.98% | 24.3% | 8.63% | 6.49% | -8.87% | -33.66% | -9.47% | -0.29% | -1.45% | 7.5% | 11.89% | 4.76% | 21.88% | 37.42% | 31.45% | 9.73% | 31.4% | 24.64% | 6.15% | -4.41% | -5.56% | -1.37% | 12.31% | 38.3% | 67.86% | 33.33% |
| EPS (Basic) | - | 4.17 | 3.92 | 4.44 | 5.17 | 5.20 | 2.67 | 2.15 | 1.97 | 1.86 | 2.04 | 3.06 | 3.39 | 3.41 | 3.47 | 3.23 | 2.92 | 2.79 | 2.30 | 1.69 | 1.29 | 1.17 | 0.90 | 0.71 | 0.68 | 0.71 | 0.75 | 0.77 | 0.69 | 0.49 | 0.29 |
| Diluted Shares Outstanding | 51M | 50.7M | 50.31M | 49.95M | 49.63M | 49.38M | 49.01M | 48.81M | 48.61M | 48.37M | 48.26M | 48.2M | 48.09M | 47.98M | 47.71M | 47.36M | 47.02M | 46.69M | 46.57M | 46.25M | 45M | 45.98M | 50.03M | 48.58M | 49.03M | 48.37M | 46.21M | 46.59M | 51.99M | 49.93M | 48.52M |
| Basic Shares Outstanding | 50.62M | 50.27M | 49.92M | 49.58M | 49.27M | 48.99M | 48.76M | 48.59M | 48.41M | 48.25M | 48.13M | 48.08M | 47.93M | 47.74M | 47.38M | 46.86M | 46.18M | 45.7M | 45.37M | 44.55M | 43.33M | 44.2M | 48.18M | 47.21M | 47.47M | 48.37M | 46.21M | 46.59M | 49.31M | 47.66M | 47.03M |
| Dividend Payout Ratio | - | 107.32% | 101.31% | 89.46% | 79.68% | 136.49% | 98.71% | 108.07% | 102.23% | 149.23% | 86.62% | 63.67% | 108.64% | 59.75% | 154.98% | 95.45% | 114.56% | 94.53% | 121.32% | 35.88% | 134.36% | 22.75% | 21.98% | 12.69% | - | - | - | - | - | - | - |
Regional labor market competition
As indicated by recent financial disclosures, BKE has successfully transitioned from a period of negative year-over-year revenue growth in 2024 to a positive 6.1% expansion in 2026Q1, suggesting that the company's localized service-oriented model is effectively capturing market share within its core secondary and tertiary markets.
The return to positive growth suggests that the company's personalized styling and in-store alteration services are resonating with consumers despite broader retail headwinds. Investors should monitor whether this momentum is sustainable or if it reflects a temporary recovery in mall traffic patterns.
Based on the reported figures, BKE maintains a robust gross margin profile, consistently hovering near 48% in non-holiday quarters, which significantly outperforms peers like AEO and ZUMZ and highlights the structural profitability advantage derived from the company's heavy reliance on its own private label denim portfolio.
The ability to capture manufacturing margins through private labels provides a critical buffer against the pricing volatility common in the apparel sector. This margin structure appears to be a core component of the company's competitive moat, insulating it from the aggressive discounting cycles seen elsewhere.
According to the provided income statement data, BKE demonstrates disciplined operating leverage, with operating margins expanding to 25.2% during peak holiday periods, reflecting the company's ability to scale its high-touch labor model efficiently against fixed occupancy costs during periods of elevated sales volume.
The company's ability to maintain operating margins above 18% in most quarters suggests that management is effectively controlling store-level payroll and overhead. This efficiency is particularly notable given the labor-intensive nature of their personalized styling and hemming services.
As reported in financial statements, BKE's net income is subject to periodic volatility from non-operating items, including significant stock-based compensation adjustments in 2026Q1 and 2024Q1, which warrants careful scrutiny when evaluating the underlying cash-generating capability of the core retail operations versus one-time accounting charges.
The presence of large, irregular stock-based compensation charges suggests that investors should focus on normalized earnings to gauge true operational performance. The company's consistent net margin of 16.16% remains a strong indicator of underlying profitability, provided these non-operating items are properly adjusted for in valuation models.
Quick answers to the most common questions about buying BKE stock.
For fiscal year 2025, The Buckle, Inc. (BKE) reported total revenue of $1.30B. This represents a 528.8% increase compared to $206.4M in 1996.
The Buckle, Inc. (BKE) is profitable, generating $209.7M in net income for the fiscal year ending 2025 with a net profit margin of 16.2%.
The Buckle, Inc. (BKE) reported an operating income of $261.4M, resulting in an operating profit margin of 20.1%. This margin reflects the operational efficiency of the business before interest and taxes.
The Buckle, Inc. (BKE) generated $635.9M in gross profit for the year, representing a gross profit margin of 49.0%. This demonstrates the company's core pricing power and production efficiency.