BKE▲
Buckle's Mixed Q2 Margins and Women's Strength Shape Profit Story
The Buckle, Inc. reported second-quarter 2026 sales of US$319.82 million, up from US$305.74 million a year earlier, while net income edged down to US$44.41 million from US$45.01 million amid higher marketing and labor costs and a smaller benefit from tariff refunds. Women's apparel now accounts for half of Buckle's sales and has become a major growth engine, but softer men's performance and rising costs are pressuring margins. The company's ability to protect margins as tariff benefits fade remains a key catalyst, with traffic, units per transaction, and inventory levels in focus. Buckle's narrative projects $1.5 billion revenue and $214.0 million earnings by 2029, yielding a $47.00 fair value, an 8% upside to its current price. Four Simply Wall St community members value Buckle between US$26 and about US$96 per share, highlighting divergent views on its reliance on higher prices and premium mix.