8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

May 22, 2014

Date of Report (date of earliest event reported)

THE BUCKLE, INC.

(Exact name of Registrant as specified in its charter)

Nebraska	001-12951	47-0366193
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)

2407 West 24th Street, Kearney, Nebraska	68845-4915
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:  (308) 236-8491

___________________________________________________________

(Former name, former address and former fiscal year if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

ITEM 2.02     Results of Operations and Financial Condition

ITEM 9.01(d)     Exhibits

SIGNATURES

EXHIBIT INDEX

EXHIBIT 99.1

ITEM 2.02.     Results of Operations and Financial Condition

On May 22, 2014, The Buckle, Inc. announced financial results for the fiscal quarter ended May 3, 2014. The full text of the press release is furnished as Exhibit 99.1 to this report.

The information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as set forth by specific reference in such filing.

ITEM 9.01(d).     Exhibits

Exhibit 99.1    Press Release Dated May 22, 2014

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	The Buckle, Inc.
Date: May 22, 2014	By: /s/  KAREN B. RHOADS
	Name: Karen B. Rhoads
	Title: Senior Vice President of Finance
	and Chief Financial Officer

EXHIBIT INDEX

Exhibit 99.1 Press Release Dated May 22, 2014

EX-99.1

Exhibit 99.1

	The Buckle, Inc.
	2407 W. 24th St. Kearney, NE 68845
	P.O. Box 1480 Kearney, NE 68848-1480
	phone: 308-236-8491
	fax: 308-236-4493
For Immediate Release: May 22, 2014	web: www.buckle.com

Contact:	Karen B. Rhoads, Chief Financial Officer
	The Buckle, Inc.
	(308) 236-8491

THE BUCKLE, INC. REPORTS FIRST QUARTER NET INCOME

KEARNEY, NE -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended May 3, 2014 was $37.3 million, or $0.78 per share ($0.78 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended May 3, 2014 increased 0.7 percent to $271.7 million from net sales of $269.7 million for the prior year 13-week fiscal quarter ended May 4, 2013. Comparable store net sales for the 13-week period ended May 3, 2014 decreased 0.9 percent from comparable store net sales for the prior year 13-week period ended May 4, 2013. Online sales (which are not included in comparable store sales) increased 2.5 percent to $21.4 million for the 13-week period ended May 3, 2014, compared to net sales of $20.9 million for the 13-week period ended May 4, 2013.

Net income for the first quarter of fiscal 2014 was $37.3 million, or $0.78 per share ($0.78 per share on a diluted basis), compared with $37.6 million, or $0.79 per share ($0.78 per share on a diluted basis) for the first quarter of fiscal 2013.

Management will hold a conference call at 10:00 a.m. EDT today to discuss results for the quarter. To participate in the call, please call (800) 230-1074 and reference the conference code 326712. A replay of the call will be available for a two-week period beginning today at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 326712.

About Buckle

Offering a unique mix of high-quality, on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company’s exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 452 retail stores in 43 states. As of the end of the fiscal quarter, it operated 450 stores in 43 states compared with 443 stores in 43 states at the end of the first quarter of fiscal 2013.

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 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. 

Note:  News releases and other information on The Buckle, Inc. can be accessed at www.buckle.com on the Internet.

Financial Tables to Follow 

THE BUCKLE, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Amounts in Thousands Except Per Share Amounts)

(Unaudited)

	Thirteen Weeks Ended
	May 3, 2014		May 4, 2013
SALES, Net of returns and allowances	$	271,675	$	269,712
COST OF SALES (Including buying, distribution, and occupancy costs)	154,475		152,705
Gross profit	117,200		117,007
OPERATING EXPENSES:
Selling	47,794		47,290
General and administrative	10,194		10,460
	57,988		57,750
INCOME FROM OPERATIONS	59,212		59,257
OTHER INCOME, Net	345		350
INCOME BEFORE INCOME TAXES	59,557		59,607
PROVISION FOR INCOME TAXES	22,215		22,055
NET INCOME	$	37,342	$	37,552
EARNINGS PER SHARE:
Basic	$	0.78	$	0.79
Diluted	$	0.78	$	0.78
Basic weighted average shares	47,886		47,698
Diluted weighted average shares	48,049		47,933

THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in Thousands Except Share and Per Share Amounts)

(Unaudited)

ASSETS	May 3, 2014			February 1, 2014 (1)			May 4, 2013
CURRENT ASSETS:
Cash and cash equivalents	$	169,716		$	164,868		$	116,601
Short-term investments	22,092			20,197			27,566
Receivables	4,832			4,318			4,176
Inventory	119,206			124,141			105,894
Prepaid expenses and other assets	28,560			28,613			26,506
Total current assets	344,406			342,137			280,743
PROPERTY AND EQUIPMENT	400,624			393,656			383,901
Less accumulated depreciation and amortization	(239,964		)	(235,087		)	(217,396		)
	160,660			158,569			166,505
LONG-TERM INVESTMENTS	45,987			43,436			36,094
OTHER ASSETS	2,151			2,151			2,265
	$	553,204		$	546,293		$	485,607
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	36,439		$	37,147		$	40,746
Accrued employee compensation	12,904			36,933			13,435
Accrued store operating expenses	10,529			9,983			10,703
Gift certificates redeemable	18,794			23,131			17,674
Income taxes payable	21,415			16,187			21,062
Total current liabilities	100,081			123,381			103,620
DEFERRED COMPENSATION	13,724			12,797			11,890
DEFERRED RENT LIABILITY	38,231			37,564			38,441
OTHER LIABILITIES	10,270			10,621			11,331
Total liabilities	162,306			184,363			165,282
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value;   issued and outstanding; 48,374,622 shares at May 3, 2014, 48,336,392   shares at February 1, 2014, and 48,322,955 shares at May 4, 2013	484			483			483
Additional paid-in capital	126,401			124,134			120,170
Retained earnings	264,851			238,151			200,598
Accumulated other comprehensive loss	(838		)	(838		)	(926		)
Total stockholders’ equity	390,898			361,930			320,325
	$	553,204		$	546,293		$	485,607
(1) Derived from audited financial statements.