The Buckle, Inc. (NYSE:BKE) Q1 2022 Earnings Conference Call May 26, 2022 10:00 AM ET
Company Participants
Tom Heacock - SVP of Finance Treasurer, and CFO
Adam Akerson - VP, Finance and Corporate Controller
Dennis Nelson - President and CEO
Conference Call Participants
Peter Brotchie - Brotchie Capital Management
Jon Braatz - Kansas City Capital
Operator
Ladies and gentlemen, thank you for standing by. 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 the opening results for the first quarter, which ended April 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 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 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 express written consent. Any unauthorized reproductions or recordings of the calls should not be relied upon as the information may be inaccurate. That being said, welcome, everyone, to the Buckle's first quarter earnings release.
I would now like to turn the conference over to our host, Mr. Tom Heacock. Please go ahead.
Tom Heacock
Good morning, and thanks for joining us this morning. Our May 26, 2022 press release reported a net income for the 13-week first quarter ended April 30, 2022, was $55.3 million or $1.12 per share on a diluted basis, compared to net income of $57.3 million or $1.16 per share on a diluted basis for the prior year 13-week first quarter, which ended May 1, 2021. Net sales for the 13-week first quarter increased 3.3% to $309.1 million from net sales of $299.1 million for the prior year 13-week first quarter.