The Buckle, Inc. (NYSE:BKE) Q3 2024 Earnings Conference Call November 22, 2024 10:00 AM ET
Company Participants
Thomas Heacock - SVP of Finance, Treasurer & CFO
Adam Akerson - VP of Finance & Corporate Controller
Dennis Nelson - President & CEO
Conference Call Participants
Mauricio Serna - UBS
Nancy Frohna - 1492 Capital Management
Operator
Good morning. Thank you for standing by, and welcome to Buckle's Third Quarter Earnings Release Webcast. As a reminder, all participants are currently in listen-only mode. 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; 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, 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 risk and uncertainties and are subject to be based on change 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 company's filings with 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 this call should not be relied upon as the information may be inaccurate. As a reminder, today's webcast is being recorded.
And now, I would like to turn the conference over to your host, Tom Heacock.
Thomas Heacock
Good morning, and thanks for joining us this morning. Our November 22, 2024 press release reported that net income for the 13 week third quarter, which ended November 2, 2024, was $44.2 million, or $0.88 per share on a diluted basis compared to net income of $51.8 million or $1.04 per share on a diluted basis for the prior year 13 week third quarter that ended October 28, 2023. Year-to-date, net income for the 39 week period ended November 2, 2024 was $118.3 million, or $2.35 per share on a diluted basis, which compares to net income of $140.3 million, or $2.81 per share on a diluted basis for the prior year 39 week period ended October 28, 2023.