Declared Dividend • Jun 04
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 15th July 2026 Payment date: 29th July 2026 Dividend yield will be 10%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.9% over the next 3 years. However, it would need to fall by 65% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 02
The Buckle, Inc. Announces Quarterly Dividend, Payable on July 29, 2026 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on June 1, 2026, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on July 15, 2026, with a payment date of July 29, 2026. New Risk • Jun 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Significant insider selling over the past 3 months (€5.6m sold). Reported Earnings • May 29
First quarter 2027 earnings released: EPS: US$0.93 (vs US$0.70 in 1Q 2026) First quarter 2027 results: EPS: US$0.93 (up from US$0.70 in 1Q 2026). Revenue: US$288.7m (up 6.1% from 1Q 2026). Net income: US$46.9m (up 33% from 1Q 2026). Profit margin: 16% (up from 13% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 9 highly experienced directors. Independent Director Shruti Joshi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 07
The Buckle, Inc. to Report Q1, 2027 Results on May 29, 2026 The Buckle, Inc. announced that they will report Q1, 2027 results on May 29, 2026 Announcement • Apr 23
The Buckle, Inc., Annual General Meeting, Jun 01, 2026 The Buckle, Inc., Annual General Meeting, Jun 01, 2026. Location: at 2407 west 24th street, nebraska, kearney United States Announcement • Apr 09
The Buckle, Inc. Announces the Appointment of Scott A. Werth as Senior Vice President of Stores, Effective March 31, 2026 The Buckle, Inc. announced that Scott A. Werth was appointed to the position of Senior Vice President of Stores, effective March 31, 2026. In this role, Scott will assume responsibility for leading Buckle’s sales team representing more than 7,000 teammates across 42 states. Mr. Werth has been employed by Buckle since June 1989, serving in several roles of increasing responsibility and leadership over his nearly 37-year career with Buckle including most recently as Vice President of Sales and Strategy. Announcement • Mar 24
The Buckle, Inc. Announces Quarterly Dividend, Payable on April 29, 2026 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on March 23, 2026, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on April 15, 2026, with a payment date of April 29, 2026. Announcement • Mar 05
The Buckle, Inc. to Report Q4, 2026 Results on Mar 13, 2026 The Buckle, Inc. announced that they will report Q4, 2026 results on Mar 13, 2026 Announcement • Jan 24
The Buckle, Inc. Announces Board and Executive Changes, Effective February 13, 2026 The Buckle, Inc. announced that Kari G. Smith and Michelle M. Hoffman will retire from their respective positions as Executive Vice President of Stores and Senior Vice President of Sales effective February 13, 2026. Ms. Smith will also step down from service on the Company’s Board of Directors on the same date. Ms. Smith and Ms. Hoffman have been a key part of building Buckle’s store experience while developing a culture of leadership and service to teammates and guests. Ms. Smith began working for Buckle in May 1978 as a part-time salesperson, progressing in leadership over her 47-year career with the Company and being named Vice President of Sales in May 2001 and Executive Vice President of Stores in February 2014. Ms. Smith has served on the Company’s Board of Directors since February 2018. Ms. Hoffman joined Buckle in August 1979, similarly progressing in leadership over her 46-year career with the Company. She was appointed Vice President of Sales in March 2014 and Senior Vice President of Sales in February 2022. Announcement • Nov 06
The Buckle, Inc. to Report Q3, 2026 Results on Nov 21, 2025 The Buckle, Inc. announced that they will report Q3, 2026 results on Nov 21, 2025 Announcement • Sep 09
The Buckle, Inc. Declares Quarterly Dividend, Payable on October 29, 2025 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on September 8, 2025, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on October 15, 2025, with a payment date of October 29, 2025. Announcement • Aug 07
The Buckle, Inc. to Report Q2, 2026 Results on Aug 22, 2025 The Buckle, Inc. announced that they will report Q2, 2026 results on Aug 22, 2025 Announcement • Jun 03
The Buckle, Inc. Declares Quarterly Dividend, Payable on July 29, 2025 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on June 2, 2025, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on July 15, 2025, with a payment date of July 29, 2025. Announcement • May 08
The Buckle, Inc. to Report Q1, 2026 Results on May 23, 2025 The Buckle, Inc. announced that they will report Q1, 2026 results on May 23, 2025 Announcement • Apr 25
The Buckle, Inc., Annual General Meeting, Jun 02, 2025 The Buckle, Inc., Annual General Meeting, Jun 02, 2025. Location: 2407 west 24th street, nebraska, kearney United States Announcement • Mar 25
The Buckle, Inc. Declares Quarterly Dividend, Payable on April 29, 2025 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on March 24, 2025, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on April 15, 2025, with a payment date of April 29, 2025. Announcement • Mar 06
The Buckle, Inc. to Report Q4, 2025 Results on Mar 14, 2025 The Buckle, Inc. announced that they will report Q4, 2025 results on Mar 14, 2025 Announcement • Nov 07
The Buckle, Inc. to Report Q3, 2025 Results on Nov 22, 2024 The Buckle, Inc. announced that they will report Q3, 2025 results on Nov 22, 2024 Upcoming Dividend • Oct 04
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 34% and the cash payout ratio is 94%. Trailing yield: 9.4%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.2%). Declared Dividend • Sep 16
Second quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 11th October 2024 Payment date: 25th October 2024 Dividend yield will be 9.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 2.4% over the next 2 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range. Announcement • Sep 11
The Buckle, Inc. Announces Quarterly Dividend, Payable October 25, 2024 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on September 9, 2024, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on October 11, 2024, with a payment date of October 25, 2024. New Risk • Sep 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €688k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Significant insider selling over the past 3 months (€688k sold). Recent Insider Transactions • Sep 10
Senior Vice President of Leasing recently sold €596k worth of stock On the 6th of September, Brett Milkie sold around 16k shares on-market at roughly €37.24 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €672k more than they bought in the last 12 months. Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: US$0.79 (vs US$0.92 in 2Q 2024) Second quarter 2025 results: EPS: US$0.79 (down from US$0.92 in 2Q 2024). Revenue: US$282.4m (down 3.4% from 2Q 2024). Net income: US$39.3m (down 14% from 2Q 2024). Profit margin: 14% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 08
The Buckle, Inc. to Report Q2, 2025 Results on Aug 23, 2024 The Buckle, Inc. announced that they will report Q2, 2025 results on Aug 23, 2024 Upcoming Dividend • Jul 05
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 33% and the cash payout ratio is 93%. Trailing yield: 11%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.5%). Declared Dividend • Jun 06
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 12th July 2024 Payment date: 26th July 2024 Dividend yield will be 11%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (89.9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 05
The Buckle, Inc. Reports Quarterly Dividend, Payable on July 26, 2024 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on June 3, 2024, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on July 12, 2024, with a payment date of July 26, 2024. Reported Earnings • May 26
First quarter 2025 earnings released: EPS: US$0.70 (vs US$0.87 in 1Q 2024) First quarter 2025 results: EPS: US$0.70 (down from US$0.87 in 1Q 2024). Revenue: US$262.5m (down 7.2% from 1Q 2024). Net income: US$34.8m (down 19% from 1Q 2024). Profit margin: 13% (down from 15% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • May 11
The Buckle, Inc. to Report Q1, 2025 Results on May 24, 2024 The Buckle, Inc. announced that they will report Q1, 2025 results on May 24, 2024 Announcement • Apr 21
The Buckle, Inc., Annual General Meeting, Jun 03, 2024 The Buckle, Inc., Annual General Meeting, Jun 03, 2024, at 10:00 Central Daylight. Location: Company's corporate office located at 2407 West 24th Street Kearney Nebraska United States Agenda: To elect a Board of Directors; to ratify the selection of Deloitte & Touche LLP as independent registered public accounting firm for the Company for the fiscal year ending February 1, 2025; to approve the Company's 2024 Director Restricted Stock Plan; and to transact such other business as may properly come before the Meeting and any adjournments or postponements thereof. Declared Dividend • Mar 28
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 10%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 5.5% over the next 3 years. However, it would need to fall by 65% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 26
The Buckle, Inc. Announces Quarterly Dividend, Payable on April 26, 2024 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on March 25, 2024, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on April 12, 2024, with a payment date of April 26, 2024. Announcement • Mar 22
The Buckle, Inc. Announces Departure of Kelli D. Molczyk as Senior Vice President of Women’s Merchandising The Buckle, Inc. announced that Kelli D. Molczyk is stepping down from her position as Senior Vice President of Women’s Merchandising and has left the Company to pursue other opportunities, effective immediately. Ms. Molczyk has been employed by the Company since 1999, serving in various roles on the women’s merchandising team during her nearly 25-year career with the Company. New Risk • Mar 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: US$4.44 (vs US$5.17 in FY 2023) Full year 2024 results: EPS: US$4.44 (down from US$5.17 in FY 2023). Revenue: US$1.26b (down 6.3% from FY 2023). Net income: US$219.9m (down 14% from FY 2023). Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 08
The Buckle, Inc. to Report Q4, 2024 Results on Mar 15, 2024 The Buckle, Inc. announced that they will report Q4, 2024 results on Mar 15, 2024 New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (91% cash payout ratio). Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: US$1.05 (vs US$1.25 in 3Q 2023) Third quarter 2024 results: EPS: US$1.05 (down from US$1.25 in 3Q 2023). Revenue: US$303.5m (down 8.7% from 3Q 2023). Net income: US$51.8m (down 16% from 3Q 2023). Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Significant insider selling over the past 3 months (€522k sold). Upcoming Dividend • Oct 05
Upcoming dividend of US$0.35 per share at 12% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.1%). Announcement • Sep 13
The Buckle, Inc. Reports Quarterly Dividend, Payable on October 27, 2023 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on September 11, 2023, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on October 13, 2023, with a payment date of October 27, 2023. Recent Insider Transactions • Aug 24
Senior Vice President of Leasing recently sold €522k worth of stock On the 21st of August, Brett Milkie sold around 15k shares on-market at roughly €34.80 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: US$0.92 (vs US$1.02 in 2Q 2023) Second quarter 2024 results: EPS: US$0.92 (down from US$1.02 in 2Q 2023). Revenue: US$292.4m (down 3.2% from 2Q 2023). Net income: US$45.6m (down 9.0% from 2Q 2023). Profit margin: 16% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 06
Upcoming dividend of US$0.35 per share at 12% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Announcement • Jun 25
The Buckle, Inc.(NYSE:BKE) dropped from Russell 2000 Value-Defensive Index The Buckle, Inc.(NYSE:BKE) dropped from Russell 2000 Value-Defensive Index Announcement • Jun 07
The Buckle, Inc. Reports Quarterly Dividend, Payable on July 28, 2023 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on June 5, 2023, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on July 14, 2023, with a payment date of July 28, 2023. Reported Earnings • May 28
First quarter 2024 earnings released: EPS: US$0.87 (vs US$1.12 in 1Q 2023) First quarter 2024 results: EPS: US$0.87 (down from US$1.12 in 1Q 2023). Revenue: US$282.8m (down 8.5% from 1Q 2023). Net income: US$42.9m (down 22% from 1Q 2023). Profit margin: 15% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year. Buying Opportunity • May 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be €38.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings is forecast to decline by 2.0% per annum over the same time period. Buying Opportunity • May 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be €37.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings is forecast to decline by 2.0% per annum over the same time period. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.35 per share at 12% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: US$5.17 (vs US$5.20 in FY 2022) Full year 2023 results: EPS: US$5.17 (down from US$5.20 in FY 2022). Revenue: US$1.35b (up 3.9% from FY 2022). Net income: US$254.6m (flat on FY 2022). Profit margin: 19% (in line with FY 2022). Like-for-like sales growth: 3.3% vs FY 2022 Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 33% per year. Announcement • Feb 19
The Buckle, Inc. to Report Q4, 2023 Results on Mar 10, 2023 The Buckle, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Mar 10, 2023 Recent Insider Transactions • Jan 13
Executive VP of Stores & Director recently sold €1.1m worth of stock On the 10th of January, Kari Smith sold around 25k shares on-market at roughly €44.78 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Upcoming Dividend • Jan 05
Upcoming dividend of US$3.00 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 27 January 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.8%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: US$1.25 (vs US$1.27 in 3Q 2022) Third quarter 2023 results: EPS: US$1.25 (down from US$1.27 in 3Q 2022). Revenue: US$332.3m (up 4.0% from 3Q 2022). Net income: US$61.4m (down 1.3% from 3Q 2022). Profit margin: 19% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Independent Director Angie Klein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 11
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €47.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 4.7% in a year. Earnings is forecast to grow by 3.5% in the next year. Upcoming Dividend • Oct 06
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 20%. Within top quartile of German dividend payers (5.4%). Higher than average of industry peers (4.6%). Announcement • Sep 14
The Buckle, Inc. Declares Quarterly Dividend, Payable on October 28, 2022 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on September 12, 2022, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on October 14, 2022, with a payment date of October 28, 2022. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: US$1.02 (vs US$1.05 in 2Q 2022) Second quarter 2023 results: EPS: US$1.02 (down from US$1.05 in 2Q 2022). Revenue: US$302.0m (up 2.3% from 2Q 2022). Net income: US$50.1m (down 2.5% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.3%). Announcement • Jun 08
The Buckle, Inc. Authorizes Quarterly Dividend, Payable on July 29, 2022 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on June 6, 2022, the Board authorized a $0.35 per share quarterly dividend to be paid to shareholders of record at the close of business on July 15, 2022, with a payment date of July 29, 2022. Reported Earnings • May 27
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$309.1m (up 3.3% from 1Q 2022). Net income: US$55.3m (down 3.5% from 1Q 2022). Profit margin: 18% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Independent Director Angie Klein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
The Buckle, Inc., Annual General Meeting, Jun 06, 2022 The Buckle, Inc., Annual General Meeting, Jun 06, 2022, at 10:00 Central Daylight. Location: 2410 Country Club Lane Kearney Nebraska United States Agenda: To consider and approve the election of directors; to ratify the selection of Deloitte & Touche LLP as independent registered public accounting firm for the company for the fiscal year ending January 28, 2023; and to transact such other business as may properly come before the meeting and any adjournments or postponements thereof. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 21%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 14
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: US$1.71 (down from US$2.67 in FY 2021). Revenue: US$380.9m (down 58% from FY 2021). Net income: US$83.9m (down 36% from FY 2021). Profit margin: 22% (up from 14% in FY 2021). The increase in margin was driven by lower expenses. Like-for-like sales growth: 43.8% vs FY 2021 Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 270%, compared to a 18% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Announcement • Feb 26
The Buckle, Inc. Announces Leadership Appointments The Buckle, Inc. announced changes to its executive leadership team, which are also effective immediately: Kelli D. Molczyk has been appointed Senior Vice President of Women’s Merchandising from her current position as Vice President of Women’s Merchandising, which she has held since December 2014. Michelle M. Hoffman has been appointed Senior Vice President of Sales from her current position as Vice President of Sales, which she has held since March 2014. Brady M. Fritzhas been appointed Senior Vice President, General Counsel, and Corporate Secretary from her current position as Vice President, General Counsel, and Corporate Secretary, which she has held since March 2021. Announcement • Feb 17
The Buckle, Inc. to Report Q4, 2022 Results on Mar 11, 2022 The Buckle, Inc. announced that they will report Q4, 2022 results on Mar 11, 2022 Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €36.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 246% over the past three years. Upcoming Dividend • Dec 10
Upcoming dividend of US$6.00 per share Eligible shareholders must have bought the stock before 17 December 2021. Payment date: 29 December 2021. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 14%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (2.6%). Announcement • Dec 07
The Buckle, Inc. Announces Special Dividend, Payable on December 29, 2021 The Buckle, Inc. announced that at its quarterly meeting of the Board of Directors, held on December 3, 2021, the Board authorized a $5.65 per share special cash dividend to be paid to shareholders of record at the close of business on December 20, 2021 and payable on December 29, 2021. Recent Insider Transactions • Nov 25
Senior Vice President of Leasing recently sold €454k worth of stock On the 22nd of November, Brett Milkie sold around 10k shares on-market at roughly €45.40 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.5m more than they bought in the last 12 months. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS US$1.27 (vs US$0.85 in 3Q 2021) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2022 results: Revenue: US$319.4m (up 27% from 3Q 2021). Net income: US$62.2m (up 49% from 3Q 2021). Profit margin: 20% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 20% share price gain to €42.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 189% over the past three years. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Independent Director Angie Klein was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.