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

March 13, 2015

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 March 13, 2015, The Buckle, Inc. announced financial results for the fiscal quarter and fiscal year ended January 31, 2015. 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 March 13, 2015

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: March 13, 2015	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 March 13, 2015

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: March 13, 2015	web: www.buckle.com

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

THE BUCKLE, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 NET INCOME

KEARNEY, NE -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended January 31, 2015 was $60.1 million, or $1.25 per share ($1.25 per share on a diluted basis). Net income for the fiscal year ended January 31, 2015 was $162.6 million, or $3.39 per share ($3.38 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended January 31, 2015 increased 4.3 percent to $353.5 million from net sales of $339.0 million for the prior year 13-week fiscal quarter ended February 1, 2014. Comparable store net sales for the 13-week period ended January 31, 2015 increased 1.1 percent from comparable store net sales for the prior year 13-week period ended February 1, 2014. Online sales (which are not included in comparable store sales) increased 12.6 percent to $33.0 million for the 13-week period ended January 31, 2015, compared to net sales of $29.3 million for the 13-week period ended February 1, 2014.

Net sales for the 52-week fiscal year ended January 31, 2015 increased 2.2 percent to $1.153 billion from net sales of $1.128 billion for the 52-week fiscal year ended February 1, 2014. Comparable store net sales for the 52-week period ended January 31, 2015 were flat in comparison to the prior year 52-week period ended February 1, 2014. Online sales (which are not included in comparable store sales) increased 6.0 percent to $94.3 million for the 52-week period ended January 31, 2015, compared to net sales of $89.0 million for the 52-week period ended February 1, 2014.

Net income for the fourth quarter of fiscal 2014 was $60.1 million, or $1.25 per share ($1.25 per share on a diluted basis), compared with $59.3 million, or $1.24 per share ($1.23 per share on a diluted basis) for the fourth quarter of fiscal 2013.

Net income for the fiscal year ended January 31, 2015 was $162.6 million, or $3.39 per share ($3.38 per share on a diluted basis), compared with $162.6 million, or $3.41 per share ($3.39 per share on a diluted basis) for the fiscal year ended February 1, 2014.

Management will hold a conference call at 10:00 a.m. EDT today to discuss fourth quarter results. To participate in the call, please call (800) 230-1093 and reference the conference code 355370. A replay of the call will be available for a two-week period beginning March 13, 2015 at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 355370.

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 462 retail stores in 44 states, which includes the opening of new stores this week in Mount Pleasant, South Carolina and Omaha, Nebraska. As of the end of the fiscal year, it operated 460 stores in 44 states compared with 450 stores in 43 states at the end 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				Fifty-Two Weeks Ended
	January 31, 2015		February 1, 2014		January 31, 2015		February 1, 2014 (1)
SALES, Net of returns and allowances	$	353,541	$	338,999	$	1,153,142	$	1,128,001
COST OF SALES (Including buying, distribution, and occupancy costs)	186,126		177,573		645,810		628,856
Gross profit	167,415		161,426		507,332		499,145
OPERATING EXPENSES:
Selling	65,633		62,668		212,688		206,893
General and administrative	7,345		4,482		37,671		35,258
	72,978		67,150		250,359		242,151
INCOME FROM OPERATIONS	94,437		94,276		256,973		256,994
OTHER INCOME, Net	1,892		2,244		2,723		3,462
INCOME BEFORE INCOME TAXES	96,329		96,520		259,696		260,456
PROVISION FOR INCOME TAXES	36,196		37,216		97,132		97,872
NET INCOME	$	60,133	$	59,304	$	162,564	$	162,584
EARNINGS PER SHARE
Basic	$	1.25	$	1.24	$	3.39	$	3.41
Diluted	$	1.25	$	1.23	$	3.38	$	3.39
Basic weighted average shares	48,037		47,868		47,927		47,744
Diluted weighted average shares	48,168		48,026		48,090		47,976
(1) Derived from audited financial statements

THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in Thousands Except Share and Per Share Amounts)

(Unaudited)

ASSETS	January 31, 2015			February 1, 2014 (1)
CURRENT ASSETS:
Cash and cash equivalents	$	133,708		$	164,868
Short-term investments	25,857			20,197
Receivables	8,567			4,318
Inventory	129,921			124,141
Prepaid expenses and other assets	26,536			28,613
Total current assets	324,589			342,137
PROPERTY AND EQUIPMENT	427,915			393,656
Less accumulated depreciation and amortization	(255,252		)	(235,087		)
	172,663			158,569
LONG-TERM INVESTMENTS	43,698			43,436
OTHER ASSETS	2,043			2,151
	$	542,993		$	546,293
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	35,714		$	37,147
Accrued employee compensation	36,920			36,933
Accrued store operating expenses	9,984			9,983
Gift certificates redeemable	23,992			23,131
Income taxes payable	15,661			16,187
Total current liabilities	122,271			123,381
DEFERRED COMPENSATION	14,261			12,797
DEFERRED RENT LIABILITY	40,566			37,564
OTHER LIABILITIES	10,617			10,621
Total liabilities	187,715			184,363
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; 48,379,613 and 48,336,392 shares issued and outstanding at January 31, 2015 and February 1, 2014, respectively	484			483
Additional paid-in capital	131,112			124,134
Retained earnings	224,111			238,151
Accumulated other comprehensive loss	(429		)	(838		)
Total stockholders’ equity	355,278			361,930
	$	542,993		$	546,293
(1) Derived from audited financial statements