The Buckle, Inc. (NYSE:BKE) Q1 2023 Earnings Conference Call May 26, 2023 10:00 AM ET
Company Participants
Dennis Nelson - President and CEO
Tom Heacock - Senior Vice President, Finance, Treasurer and CFO
Adam Akerson - Vice President, Finance and Corporate Controller
Conference Call Participants
Jon Braatz - Kansas City Capital Associates
Mauricio Serna - UBS
Carlton Getz - Winter Harbor Capital
Alan Glenn - Concord & Main
Operator
Well, good morning, and thank you for standing by. And welcome to Buckle’s First Quarter Earnings Release Webcast. As a reminder, all participants are currently in a listen-only mode with a question-and-answer 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; and Adam Akerson, Vice President of Finance and Corporate Controller.
As they review operating results for the first quarter, which ended April 29, 2023, they would like to reiterate their policy of not giving future sales or earnings guidance and have the following Safe Harbor statements.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995 is as follows. All forward-looking statements made by the company involve material risks and uncertainties and are subject to change based on factors which may be beyond the company’s control.
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 recordings of the call should not be relied upon as the information may be inaccurate. And as a reminder, today’s webcast is being recorded.
And now, I will turn things over to your host, Tom Heacock. Tom, over to you.
Tom Heacock
Good morning and thanks for joining us this morning. Our May 26, 2023 press release reported that net income for the 13-week first quarter ended April 29, 2023 was $42.9 million or $0.86 per share on a diluted basis, which compares to net income of $55.3 million or $1.12 per share on a diluted basis for the prior year 13-week first quarter that ended April 30, 2022.