BKE
9/9 ScoreThe Buckle, Inc.
Analysis Date: February 2, 2026
The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B. Holt, and Veece. The company also provides services, such as hemming, gift-packaging, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. As of March 11, 2022, it operated 440 retail stores in 42 states under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its website, buckle.com. The company was formerly known as Mills Clothing, Inc. and changed its name to The Buckle, Inc. in April 1991. The Buckle, Inc. was incorporated in 1948 and is headquartered in Kearney, Nebraska.
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 44.4%
High ROIC
Return on Invested Capital > 9%
Value: 21.3%
Cash Machine
FCF / Assets > 5%
Value: 21.9%
Fair Valuation
Earnings Yield > 3.5%
Value: 7.7%
Share Buybacks
Share Count is Dropping
Value: 0.7%
Defensible Moat
Gross Profit Margin > 40%
Value: 48.9%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Consumer Cyclical
Conservative Debt
Debt to Equity < 1.5
Value: 0.73x
Consistent Growth
5-Year Growth is Positive
Value: 82.2%
Analysis Summary
This looks like a company that knows how to manage its business and return capital to shareholders. The high returns on invested capital and equity, coupled with a seemingly wide moat and a conservative balance sheet, are certainly attractive. While the growth rate is impressive, I'll want to dig a bit deeper to understand its sustainability before making any big decisions.
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