Legal settlement boosts Buckle's profits

US denim and casualwear retailer The Buckle, Inc. (Buckle) has announced that net sales for the 13-week fiscal quarter ended May 2, 2026 increased 6.1 percent to 288.70 million dollars.

Comparable store net sales for the period increased 5.1 percent and the retailer also experienced positive momentum across its e-commerce operations, with online sales rising 2.8 percent to 47.70 million dollars compared to the first quarter of fiscal 2025.

Net income lifted by legal settlement

For the first quarter of fiscal 2026, the company posted a net income of 46.90 million dollars, or 0.93 dollars per share. On a diluted basis, earnings per share stood at 0.92 dollars.

This performance marks an increase from the first quarter of fiscal 2025, when net income reached 35.20 million dollars, or 0.70 dollars per share on both a basic and diluted basis.

Profits for the quarter were positively impacted by a legal resolution. As disclosed in the company filing with the Securities and Exchange Commission on April 1, 2026, the business entered into a final settlement agreement resolving interchange fee litigation.

The retailer received cash proceeds of 19.10 million dollars, net of legal fees, during the fiscal quarter ended May 2, 2026. The company recorded the settlement as a reduction to selling expenses for the period.