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 Recent Insider Transactions • Apr 16
Insider recently sold US$1.6m worth of stock On the 10th of April, Kari Smith sold around 30k shares on-market at roughly US$54.57 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.5m. Insiders have been net sellers, collectively disposing of US$14m more than they bought in the last 12 months. 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. Upcoming Dividend • Apr 09
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.8%). Declared Dividend • Mar 26
Fourth quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 15th April 2026 Payment date: 29th April 2026 Dividend yield will be 8.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not covered by cash flows (103% 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 grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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. Recent Insider Transactions • Mar 19
Insider recently sold US$2.5m worth of stock On the 17th of March, Kari Smith sold around 50k shares on-market at roughly US$50.37 per share. This transaction amounted to 31% 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 US$9.6m more than they bought in the last 12 months. Reported Earnings • Mar 14
Full year 2026 earnings released: EPS: US$4.17 (vs US$3.92 in FY 2025) Full year 2026 results: EPS: US$4.17 (up from US$3.92 in FY 2025). Revenue: US$1.30b (up 6.6% from FY 2025). Net income: US$209.7m (up 7.3% from FY 2025). Profit margin: 16% (in line with FY 2025). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings have declined by 1.3% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.3% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (103% cash payout ratio). 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. Upcoming Dividend • Jan 08
Upcoming dividend of US$3.35 per share Eligible shareholders must have bought the stock before 15 January 2026. Payment date: 29 January 2026. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.6%). Declared Dividend • Dec 11
Third quarter dividend of US$3.35 announced Shareholders will receive a dividend of US$3.35. Ex-date: 15th January 2026 Payment date: 29th January 2026 Dividend yield will be 7.7%, which is higher than the industry average of 3.7%. 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 increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.3% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 23
Third quarter 2026 earnings released: EPS: US$0.97 (vs US$0.89 in 3Q 2025) Third quarter 2026 results: EPS: US$0.97 (up from US$0.89 in 3Q 2025). Revenue: US$320.8m (up 9.3% from 3Q 2025). Net income: US$48.7m (up 10% from 3Q 2025). Profit margin: 15% (in line with 3Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 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 Upcoming Dividend • Oct 08
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 15 October 2025. Payment date: 29 October 2025. Payout ratio is a comfortable 35% and the cash payout ratio is 93%. Trailing yield: 6.9%. Within top quartile of British dividend payers (5.3%). Higher than average of industry peers (3.5%). Declared Dividend • Sep 11
Second quarter dividend of announced Shareholders will receive a dividend of . Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Sep 11
Independent Director recently sold US$1.2m worth of stock On the 5th of September, James Shada sold around 20k shares on-market at roughly US$59.49 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.2m. Insiders have been net sellers, collectively disposing of US$9.3m more than they bought in the last 12 months. 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. Recent Insider Transactions • Aug 27
Director recently sold US$1.1m worth of stock On the 25th of August, Karen Rhoads sold around 20k shares on-market at roughly US$55.82 per share. This transaction amounted to 9.2% 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 US$5.1m more than they bought in the last 12 months. Reported Earnings • Aug 24
Second quarter 2026 earnings released: EPS: US$0.90 (vs US$0.79 in 2Q 2025) Second quarter 2026 results: EPS: US$0.90 (up from US$0.79 in 2Q 2025). Revenue: US$305.7m (up 8.3% from 2Q 2025). Net income: US$45.0m (up 15% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. 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 Recent Insider Transactions • Jul 25
Independent Director recently sold US$998k worth of stock On the 23rd of July, James Shada sold around 20k shares on-market at roughly US$49.91 per share. This transaction amounted to 20% 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 US$3.9m more than they bought in the last 12 months. Upcoming Dividend • Jul 08
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 15 July 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 36% and the cash payout ratio is 98%. Trailing yield: 8.3%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (3.8%). Declared Dividend • Jun 05
First quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 15th July 2025 Payment date: 29th July 2025 Dividend yield will be 9.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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. Reported Earnings • May 23
First quarter 2026 earnings released: EPS: US$0.70 (vs US$0.70 in 1Q 2025) First quarter 2026 results: EPS: US$0.70 (up from US$0.70 in 1Q 2025). Revenue: US$272.1m (up 3.7% from 1Q 2025). Net income: US$35.2m (up 1.0% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 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 Upcoming Dividend • Apr 10
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 15 April 2025. Payment date: 29 April 2025. Payout ratio is a comfortable 36% and the cash payout ratio is 99%. Trailing yield: 11%. Within top quartile of British dividend payers (6.5%). Higher than average of industry peers (4.5%). New Risk • Apr 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.1% 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 6.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (99% cash payout ratio). Declared Dividend • Mar 27
Fourth quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 15th April 2025 Payment date: 29th April 2025 Dividend yield will be 9.9%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: US$3.92 (vs US$4.44 in FY 2024) Full year 2025 results: EPS: US$3.92 (down from US$4.44 in FY 2024). Revenue: US$1.22b (down 3.4% from FY 2024). Net income: US$195.5m (down 11% from FY 2024). Profit margin: 16% (down from 17% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 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 New Risk • Mar 03
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 (103% cash payout ratio). Significant insider selling over the past 3 months (US$1.2m sold). Upcoming Dividend • Jan 08
Upcoming dividend of US$2.85 per share Eligible shareholders must have bought the stock before 15 January 2025. Payment date: 29 January 2025. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.9%). Declared Dividend • Dec 13
Third quarter dividend of US$2.85 announced Dividend of US$2.85 is the same as last year. Ex-date: 15th January 2025 Payment date: 29th January 2025 Dividend yield will be 7.5%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Dec 13
Executive VP of Stores & Director recently sold US$1.0m worth of stock On the 10th of December, Kari Smith sold around 20k shares on-market at roughly US$52.29 per share. This transaction amounted to 8.9% 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 US$2.8m more than they bought in the last 12 months. Recent Insider Transactions • Nov 27
Senior Vice President of Sales recently sold US$517k worth of stock On the 26th of November, Michelle Hoffman sold around 10k shares on-market at roughly US$51.66 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$662k. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months. Reported Earnings • Nov 23
Third quarter 2025 earnings released: EPS: US$0.89 (vs US$1.05 in 3Q 2024) Third quarter 2025 results: EPS: US$0.89 (down from US$1.05 in 3Q 2024). Revenue: US$293.6m (down 3.2% from 3Q 2024). Net income: US$44.2m (down 15% from 3Q 2024). Profit margin: 15% (down from 17% in 3Q 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$49.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 35% over the past three years. 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 British dividend payers (5.5%). Higher than average of industry peers (3.0%). Declared Dividend • Sep 16
Second quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 11th October 2024 Payment date: 25th October 2024 Dividend yield will be 8.9%, which is higher than the industry average of 3.7%. 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. Recent Insider Transactions • Sep 10
Senior Vice President of Leasing recently sold US$662k worth of stock On the 6th of September, Brett Milkie sold around 16k shares on-market at roughly US$41.35 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 US$745k 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 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. 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 4% 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 British dividend payers (5.7%). Higher than average of industry peers (3.6%). Declared Dividend • Jun 06
First quarter dividend of US$0.35 announced Dividend of US$0.35 is the same as last year. Ex-date: 12th July 2024 Payment date: 26th July 2024 Dividend yield will be 10%, which is higher than the industry average of 3.7%. 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 25
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 4.8% growth forecast for the Specialty Retail industry in the United Kingdom. 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 5% 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 Dividend of US$0.35 is the same as last year. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 10.0%, which is higher than the industry average of 3.7%. 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 0.2% 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 0.2% 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 15
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 2.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, 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 Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$36.86, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$61.99 per share. 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 18
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 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. 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 (US$568k 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 British dividend payers (6.6%). Higher than average of industry peers (3.3%). 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 25
Senior Vice President of Leasing recently sold US$568k worth of stock On the 21st of August, Brett Milkie sold around 15k shares on-market at roughly US$37.89 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 US$2.2m 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 5.9% growth forecast for the Specialty Retail industry in the United Kingdom. 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 British dividend payers (6.0%). Higher than average of industry peers (3.2%). 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 6.5% growth forecast for the Specialty Retail industry in the United Kingdom. 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 30% per year. Buying Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be US$40.84, 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 British dividend payers (5.9%). Higher than average of industry peers (2.8%). 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 but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. 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 US$1.2m worth of stock On the 10th of January, Kari Smith sold around 25k shares on-market at roughly US$48.10 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 US$1.2m 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 British dividend payers (5.7%). Higher than average of industry peers (3.0%). 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 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. 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 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be US$47.88, 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 British dividend payers (6.0%). Higher than average of industry peers (3.5%). 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). Buying Opportunity • Aug 17
Now 20% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be US$41.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 5.5% in a year. Earnings is forecast to decline by 0.9% in the next year. 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%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (3.2%). 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 11% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$27.16, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Specialty Retail industry in the United Kingdom. Total loss to shareholders of 22% over the past year. 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.