The Buckle, Inc. announced net income of $35.2 million, or $0.70 per diluted share, for the fiscal first quarter ended May 3, 2025. This represents an increase from the $34.8 million, or $0.69 per diluted share, reported in the first quarter of fiscal 2024.
Net sales for the 13-week fiscal quarter increased by 3.7 percent to $272.1 million, up from $262.5 million in the prior year's comparable quarter. Comparable store net sales for the quarter also increased by 3.0 percent, and online sales grew by 4.5 percent to $46.4 million.
Gross profit for the quarter was $127.0 million, resulting in a gross margin of 46.7 percent, a 70 basis point improvement from 46.0 percent in the prior year. This margin expansion was primarily driven by a 60 basis point increase in merchandise margins, supported by increased private label penetration. The company maintained a strong balance sheet with $268.9 million in cash and cash equivalents and zero long-term debt, generating $31.0 million in operating cash flow.
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