The Buckle, Inc. (NYSE:BKE) Q2 2023 Earnings Conference Call August 18, 2023 10:00 AM ET

Company Participants

Tom Heacock - SVP, Finance, Treasurer & CFO

Adam Akerson - VP, Finance & Corporate Controller

Dennis Nelson - President & CEO

Conference Call Participants

Mauricio Serna - UBS

Operator

Good morning. Thank you for standing by, and welcome to Buckle's Second Quarter Earnings Release Webcast. As a reminder, all participants are currently in a listen-only mode and a Q&A session will be conducted following the company’s prepared remarks with instructions given at that time.

Members of Buckle's management on the call today are Dennis Nelson, President and CEO; Tom Heacock, Senior Vice President of Finance, Treasurer and CFO; Adam Akerson, Vice President of Finance and Corporate Controller; and Brady Fritz, Senior Vice President, General Counsel and Corporate Secretary. As they review operating results for the second quarter, which ended July 29, 2023, they would like to reiterate their policy of not giving future sales or earnings guidance, have the following safe harbor statement.

Safe harbor statement under the Private Securities Litigation Reform Act of 1995. All forward-looking statements made by the company involve material risks and uncertainties and are subject to change based on the factors which may be beyond the company's controls. Accordingly, the company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, but are not limited to, those described in the company's filings with the Securities and Exchange Commission.

The company does not undertake to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Additionally, the company does not authorize the reproduction or dissemination of transcripts or audio recordings of the company's quarterly conference calls without its expressed written consent. Any unauthorized reproductions or according to the call should not be relied upon as the information may be inaccurate. As a reminder, today's webcast is being recorded.

I'd now like to turn the conference over to your host, Tom Heacock.

Tom Heacock

Good morning, and thanks for joining us this morning. Our August 18, 2023 press release reported that net income for the 13-week second quarter ended July 29, 2023 was $45.6 million or $0.92 per share on a diluted basis, which compares to net income of $50.1 million or $1.01 per share on a diluted basis for the prior year 13-week second quarter, which ended July 30, 2022. Year-to-date net income for the 26-week period ended July 29, 2023, was $88.6 million or $1.78 per share on a diluted basis, which compares to net income of $105.4 million or $2.13 per share on a diluted basis for the prior year 26-week period ended July 30, 2022.