Q2 2025 Buckle Inc Earnings Call Transcript
Key Points
- Net income for the second quarter increased to $45 million, up from $39.3 million in the previous year.
- Net sales for the 13-week second quarter increased by 8.3% to $305.7 million.
- Comparable store sales increased by 7.3%, and online sales grew by 17.7% for the quarter.
- Gross margin improved to 47.4%, a 50 basis point increase from the previous year.
- Women's merchandise sales saw significant growth, increasing by 18.5% year-over-year.
- Units per transaction (UPTs) decreased by approximately 1.5% for the quarter.
- Footwear sales declined by about 0.5% compared to the previous year.
- Occupancy expenses increased by 5.5% in Q2, impacting overall leverage.
- Private label growth slowed in Q2 compared to Q1, affecting merchandise margins.
- SG&A expenses included an 85 basis point increase in incentive compensation accruals.
Good morning. Thank you for standing by, and welcome to Buckle's second-quarter earnings release webcast. (Operator Instructions) Members of Buckle's management on the call today are Dennis Nelson, President and CEO; Tom Heacock, Senior Vice President of Finance, Treasurer and CFO; Adam Akerson, Vice President of Finance and Corporate Controller; and Brady Fritz, Senior Vice President, General Counsel and Corporate Secretary.
Before beginning, the company would like to reiterate its policy of not providing future sales or earnings guidance. All forward-looking statements made on the call are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to risks and uncertainties described in the company's SEC filings. The company undertakes no obligation to publicly update or revise these statements, except as required by law.
Additionally, the company does not authorize the reproduction or dissemination of transcripts or audio recordings of the company's quarterly conference calls without its expressed written
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