The Buckle, Inc. (NYSE:BKE) Q2 2022 Earnings Conference Call August 19, 2022 10:00 AM ET
Company Participants
Dennis Nelson - President and Chief Executive Officer
Tom Heacock - Senior Vice President, Finance, Treasurer and Chief Financial Officer
Adam Akerson - Vice President, Finance and Corporate Controller
Brady Fritz - Senior Vice President, General Counsel and Corporate Security
Conference Call Participants
Kyle Kavanaugh - Palisade Capital
Peter Brotchie - Brotchie Capital Partners
John Deysher - Pinnacle
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Second Quarter Earnings Release Conference. [Operator Instructions] Members of the 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 Security.
As they review the operating results for the second quarter, which ended July 30, 2022 they would like to reiterate their policy of not giving future sales or earnings guidance and have the following Safe Harbor statement – Safe Harbor statement under the Private Securities Legislation Reform Act of 1995. All forward-looking statements made by the company involve material risks and uncertainties and are subject to change based on factors, which maybe 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 for Securities and Exchange Commission – I am sorry, forward-looking statements, even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized. Additionally, the company does not authorize the reproduction or discementation of transcriptions or audio recordings of the company’s quarterly conference calls without its express written consent. Any unauthorized reproductions or recordings of the calls should not be relied upon as the information maybe inaccurate. As a reminder, today’s conference is being recorded.
And I’d now like to turn the conference over to your host, Tom Heacock. Please go ahead.
Tom Heacock
Good morning and thanks for joining us this morning. Our August 19, 2022 press release reported that net income for the 13-week second quarter ended July 30, 2022 was $50.1 million, or $1.01 per share on a diluted basis, which compares to net income of $51.4 million or $1.04 per diluted share for the prior year 13-week second quarter ended July 31, 2021. Year-to-date net income for the 26-week period ended July 30, 2022 was $105.4 million, or $2.13 per share on a diluted basis compared to net income of $108.7 million or $2.20 per share on a diluted basis for the prior year 26-week period ended July 31, 2021.