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Buckle (DE:BK2)
FRANKFURT:BK2
Germany Market
EarningsQ2 2026 Earnings Report

Buckle (BK2) Q2 2026 Earnings Report

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DE:BK2 Q2 2026 EPS Results

Actual EPS€0.78
Consensus EPS€0.72
Beat/MissBeat by +€0.05
One Year Ago EPS€0.79

DE:BK2 Q2 2026 Revenue Results

Actual Revenue€285.35M
Expected Revenue€285.33M
Beat/MissBeat by +€14.28K
YoY Revenue Growth+4.60%

Earnings Announcement Details

QuarterQ2 2026
Date08/21/2026
TimeBefore Open
Conference CallFriday, August 21, 2026
DE:BK2 Upcoming Earnings
Buckle's next earnings date is estimated for November 13, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

DE:BK2 Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 21, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a generally positive operational and financial picture: comparable-store and total sales grew (quarter +4.6%, YTD +5.3%), merchandise and gross margins improved, the women's and kids categories showed meaningful strength, private label penetration increased, online and ticket metrics were favorable, and year-to-date net income and operating margin improved materially. Offsetting these positives were a slight decline in quarterly net income/EPS, quarter-level operating margin compression, a notable quarter SG&A increase driven by marketing investments, inventory up 13.3%, and some category softness in men's denim and footwear. Merchandise margin gains were also aided by a one-time tariff refund benefit. On balance the positives (growth, margin expansion YTD, category wins and store expansion) outweigh the negatives, though management highlighted several investments and one-time items that temper the quarter's headline profitability.
Company Guidance
Management reiterated that the company does not provide future sales or earnings guidance (safe-harbor applies) and has no obligation to update forward-looking statements; the only forward-looking operational detail given was that Buckle expects to open 5 additional new stores and complete 4 more full remodels for the remainder of the year (year-to-date through post-quarter: 9 new stores, 10 remodels, 2 closures; ended the quarter with 446 stores vs. 440 a year ago). They reported Q2 net income of $44.4M ($0.87 diluted) vs. $45.0M ($0.89) a year ago and YTD net income of $91.3M ($1.79) vs. $80.2M ($1.59), Q2 net sales $319.8M (+4.6%) with comparable store sales +2.1% and online sales $44.6M (+2.3%), YTD net sales $608.6M (+5.3%) with comps +3.5% and online $92.2M (+2.5%); unit-per-transaction (UPT) was down ~1%, average unit retail +4.5%, average transaction value +3.5%. Other metrics noted that Q2 gross margin was 47.8% (+40 bps) with merchandise margins +110 bps (including $2.5M of tariff refunds, ~65 bps), Q2 SG&A 30.4% of sales (vs. 29.0%), Q2 operating margin 17.4% (YTD 19.0% vs. 17.3%), inventory $161.4M (+13.3%), cash & investments $322.9M, fixed assets net $191.7M, Q2 capex $29.8M (YTD $44.5M; $24.4M stores/remodels/tech, $20.1M HQ/DC incl. replacement aircraft), and an income tax rate of 24.5% for the periods reported.
Quarterly Net Sales Growth
Net sales for the 13-week second quarter increased 4.6% to $319.8 million (vs $305.7 million prior year); comparable store sales rose 2.1% and online sales increased 2.3% to $44.6 million.
Year-to-Date Sales and Earnings Strength
Year-to-date net sales increased 5.3% to $608.6 million (vs $577.9 million prior year). Year-to-date net income rose to $91.3 million or $1.79 per diluted share from $80.2 million or $1.59, an approximate 13.9% increase in net income.
Gross Margin Expansion
Quarter gross margin improved to 47.8%, up 40 basis points vs prior-year quarter. Merchandise margins improved 110 basis points for the quarter (including 65 bps from tariff refunds). Year-to-date gross margin remained steady at 47.1% with merchandise margin gains offset by higher buying/distribution expenses.
Operating Margin Improvement Year-to-Date
Operating margin for the 26-week year-to-date period increased to 19.0% from 17.3% in the prior year (up ~170 basis points), reflecting stronger overall profitability through the first half of the fiscal year.
Strong Women's and Kids Performance
Women's business grew 9.5% in the quarter (vs 18.5% prior-year growth) and now represents 50% of sales (up from 47.5%). Women's denim grew 11% (avg price increased from $85.35 to $92.50); alternative pants grew almost 50%. Kids business grew 11% (on top of +23% prior year).
Private Label and Assortment Strength
Private label penetration increased to 44.5% of sales (from 43.5% prior year), contributing to margin improvement. Strong category assortment drove price and volume gains in denim, tops, and seasonal shorts.
Store Fleet Expansion and Capital Investment
Opened 5 new stores during the quarter (9 YTD), completed 5 full remodels (10 YTD), ended the quarter with 446 stores vs 440 prior year. Year-to-date capital expenditures were $44.5 million, with $24.4 million for new store construction/remodels/tech and $20.1 million for HQ/DC projects.
Online and Transaction Metrics
Online sales increased 2.5% year-to-date to $92.2 million. Average unit retail increased ~4.5% and average transaction value increased ~3.5% while UPTs fell ~1% — indicating higher price points and ticket strength.

DE:BK2 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Nov 13, 2026
2026 (Q3)
0.81 / -
0.857―
2026 (Q2)
0.72 / 0.78
0.794-2.25% (-0.02)
2026 (Q1)
0.66 / 0.82
0.62531.43% (+0.20)
2025 (Q4)
1.34 / 1.42
1.3653.92% (+0.05)
2025 (Q3)
0.85 / 0.86
0.7859.09% (+0.07)
2025 (Q2)
0.75 / 0.79
0.69614.10% (+0.10)
2025 (Q1)
0.62 / 0.62
0.6161.45% (<+0.01)
2024 (Q4)
1.24 / 1.37
1.419-3.77% (-0.05)
2024 (Q3)
0.79 / 0.79
0.928-15.38% (-0.14)
2024 (Q2)
0.71 / 0.70
0.821-15.22% (-0.12)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed