The Buckle Inc (0HQ7.L) Q2 2025 Earnings Report

Revenue: USD 305.737 million; YoY +8.27%; QoQ +12.35%
Gross Profit: USD 145.009 million; Gross Margin 47.43%; YoY +9.41%; QoQ +14.20%
Operating Income: USD 56.341 million; Operating Margin 18.43%; YoY +16.74%; QoQ +29.38%
Net Income: USD 45.006 million; Net Margin 14.72%; YoY +14.65%; QoQ +27.88%
EPS (Diluted): USD 0.89; EPS (Basic): USD 0.90; YoY EPS +13.92%; QoQ +28.57%
Liquidity: Cash and cash equivalents USD 297.811 million; Cash + Short-Term Investments USD 319.929 million; Short-Term Investments USD 22.118 million; Total Current Assets USD 493.302 million; Total Current Liabilities USD 229.554 million; Current Ratio ≈ 2.15x
Leverage and Capital Structure: Total Debt USD 375.782 million; Net Debt USD 77.971 million; Long-Term Debt USD 586.586 million; Shareholders’ Equity USD 476.155 million; Debt-to-Equity ≈ 1.16x; Cash Position supports optionality for deleveraging or buyback
Asset Quality and Turnover: Total Assets USD 1,028.632 million; Inventory USD 142.486 million; Net Receivables USD 7.704 million; Total Liabilities USD 552.477 million; ROE not disclosed in quarterly snapshots; EBITDA USD 59.611 million; EBITDARatio 19.50%
Earnings Pulse: Q2 2025 results reflect healthier top-line momentum and continued leverage benefits, with margin expansion contributing to stronger earnings delivery versus prior periods.

No earnings call transcript data provided in the input. As a result, there are no management quotes available to cite. If transcripts are supplied, a synthesis by themes (strategy, operations, market conditions) with verbatim quotes will be added to this section.

The Buckle presents a constructive near-to-medium-term investment profile driven by margin resilience, steady top-line momentum, and a strong liquidity position. The Q2 2025 results show favorable gross and operating margins, with robust earnings advancement and a modest net debt balance. The company’s ability to sustain profitability will hinge on its inventory discipline, continued private-label strength, and the execution of omnichannel strategies. Risks include sensitivity to consumer spending, leverage levels, and potential margin pressure from promotions. Overall, Buckle benefits from a differentiated niche in casual apparel with a prudent balance-sheet stance, which supports a cautiously favorable investment stance given steady cash generation and selective capital allocation opportunities.