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Buckle (BKE) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 10, 2026 · Buckle (BKE) Q2 FY27 earnings results →

Q2 FY27 Revenue up 5% year over year to $320M · 14¢ of every $1 of revenue kept as net profit · operating margin 17.4%

Buckle made $320M in Q2 FY27 (+5% Y/Y). Operating margin 17.4%, net earnings $44.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.

Revenue$320M
Year over year+5%
Operating margin17.4%
Net earnings$44.4M
Operating cash flow$46.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $319.8M in Q2 FY27, up 5% year over year and up 11% from the previous quarter.

Gross margin was 47.8%, up 0.4 points from Q2 FY26. Operating profit was $55.8M, a 17.4% margin (down 1.0 points year over year). Operating profit fell $539K even though revenue rose $14.1M versus Q2 FY26, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 5%. Net earnings were $44.4M, down 1% year over year. The effective tax rate was 24.5%.

Operating cash flow was $46.7M (down 20% year over year), 105% of net earnings. Non-cash charges added back $7.0M of depreciation. Working capital and other items used $4.7M. Capital expenditures of $29.9M left free cash flow of $16.9M.

Quarterly history

Buckle revenue by quarterBuckle revenue by quarter$379MQ4 FY25$272MQ1 FY26$306MQ2 FY26$321MQ3 FY26$399MQ4 FY26$289MQ1 FY27$320MQ2 FY27
Buckle net earnings by quarterBuckle net earnings by quarter$77.2MQ4 FY25$35.2MQ1 FY26$45.0MQ2 FY26$48.7MQ3 FY26$80.8MQ4 FY26$46.9MQ1 FY27$44.4MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 10, 2026$320M+5%17.4%$44.4M$46.7M
Q1 FY2710-QJun 11, 2026$289M+6%20.6%$46.9M$49.3M
Q4 FY2610-KApr 1, 2026$399M+5%25.2%$80.8M$112M
Q3 FY2610-QDec 11, 2025$321M+9%19.0%$48.7M$49.4M
Q2 FY2610-QSep 11, 2025$306M+8%18.4%$45.0M$58.4M
Q1 FY2610-QJun 12, 2025$272M+4%16.0%$35.2M$31.0M
Q4 FY2510-KApr 2, 2025$379M-0.8%25.4%$77.2M$121M

Charts

Buckle: revenue growth, year over year and quarter over quarterBuckle: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q4 FY25+4%-28%Q1 FY26+8%+12%Q2 FY26+9%+5%Q3 FY26+5%+24%Q4 FY26+6%-28%Q1 FY27+5%+11%Q2 FY27
Latest (Q2 FY27): Y/Y +5%, Q/Q +11%.
Buckle: where the cash came from (+) and went (−), TTM to Q2 FY27Buckle: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$258MDividends−$225MCapital spending−$66.4MCash drawn (+) / kept (−)$33.0MOther investing$986K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Buckle: profit against cash, quarter by quarterBuckle: profit against cash, quarter by quarterNet incomeOperating cash flow$44.2M$43.8MQ3 FY25$77.2M$121MQ4 FY25$35.2M$31.0MQ1 FY26$45.0M$58.4MQ2 FY26$48.7M$49.4MQ3 FY26$80.8M$112MQ4 FY26$46.9M$49.3MQ1 FY27$44.4M$46.7MQ2 FY27
Latest (Q2 FY27): Net income $44.4M, Operating cash flow $46.7M.
Buckle: diluted shares by fiscal yearBuckle: diluted shares by fiscal year49MFY2149MFY2250MFY2350MFY2450MFY2551MFY26
+3.4% since FY21: more shares outstanding (issuance, stock pay).
Buckle in its industry: growth against margin (10 companies, SIC 5651)Buckle in its industry: growth against margin (10 companies, SIC 5651)revenue growth, year over year →↑ operating marginmedian +5%median 17%TJXROSTGAPURBNAEOANFLEPLCEDXLGBKE (+5%, 17%)
Retail-Family Clothing Stores; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Buckle

The Buckle, Inc. (the "Company") is a retailer of medium to better-priced casual apparel, footwear, and accessories for fashion-conscious men, women, and kids. As of February 1, 2025, the Company operated 441 retail stores in 42 states throughout the United States under the names "Buckle" and "Buckle Youth." The Company markets a wide selection of mostly brand name casual apparel including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. The Company emphasizes personalized attention to its customers and provides customer services such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. Most stores are located in regional shopping malls and lifestyle centers.

In its own words, from its annual report, filed Apr 2, 2025.

Buckle against its Retail-Family Clothing Stores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +5%. Operating margin: 17.4% against the peers' median 17.4%.

CompanyQuarterRevenueY/YOp. margin
BKE BuckleQ2 FY27$320M+5%17.4%
TJX TJX CompaniesQ2 FY27$15.2B+5%13.3%
ROST Ross StoresQ2 FY27$6.3B+13%17.6%
GAP GapQ2 FY27$3.7B-2%18.5%
URBN Urban OutfittersQ2 FY27$1.7B+10%17.4%
AEO American Eagle OutfittersQ2 FY27$1.4B+8%15.3%
ANF Abercrombie & FitchQ2 FY27$1.3B+5%19.9%
LE Lands'' EndQ2 FY27$269M+5%3.0%
PLCE Childrens PlaceQ2 FY27$242M-19%-5.4%

Source: Buckle 10-Q on SEC EDGAR · CIK 885245 · Retail-Family Clothing Stores

13F: who owns BKE and who is buying

Largest holders of BKE (13F)Largest holders of BKE (13F)Vanguard Group$212MBlackRock$209MVanguard Portfolio Management LLC$108MAmerican Century Companies$60.0MState Street$58.5MVanguard Capital Management LLC$58.3MDimensional Fund Advisors LP$57.6MCharles Schwab Investment Managem…$53.4MMorgan Stanley$52.5MRenaissance Technologies LLC$48.1M
Funds' net buying of BKE by quarter (13F)Funds' net buying of BKE by quarter (13F)$10.6M2024-09−$3.0M2024-12$3.0M2025-03$16.4M2025-06−$30.9M2025-09$83.3M2025-12$24.9M2026-03$4.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BKE

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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