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: November 17, 2023	web: www.buckle.com

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

THE BUCKLE, INC. REPORTS THIRD QUARTER NET INCOME

KEARNEY, NE -- (BUSINESS WIRE) -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended October 28, 2023 was $51.8 million, or $1.05 per share ($1.04 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended October 28, 2023 decreased 8.7 percent to $303.5 million from net sales of $332.3 million for the prior year 13-week fiscal quarter ended October 29, 2022. Comparable store net sales for the 13-week period ended October 28, 2023 decreased 9.2 percent from comparable store net sales for the prior year 13-week period ended October 29, 2022. Online sales decreased 16.2 percent to $46.1 million for the 13-week period ended October 28, 2023, compared to net sales of $55.0 million for the 13-week period ended October 29, 2022.

Net sales for the 39-week fiscal period ended October 28, 2023 decreased 6.9 percent to $878.7 million from net sales of $943.4 million for the prior year 39-week fiscal period ended October 29, 2022. Comparable store net sales for the 39-week period ended October 28, 2023 decreased 7.3 percent from comparable store net sales for the prior year 39-week period ended October 29, 2022. Online sales decreased 9.4 percent to $141.0 million for the 39-week period ended October 28, 2023, compared to net sales of $155.6 million for the 39-week period ended October 29, 2022.

Net income for the third quarter of fiscal 2023 was $51.8 million, or $1.05 per share ($1.04 per share on a diluted basis), compared with net income of $61.4 million, or $1.25 per share ($1.24 per share on a diluted basis) for the third quarter of fiscal 2022.

Net income for the 39-week fiscal period ended October 28, 2023 was $140.3 million, or $2.83 per share ($2.81 per share on a diluted basis), compared with net income of $166.8 million, or $3.39 per share ($3.37 per share on a diluted basis) for the 39-week period ended October 29, 2022.

Management will hold a live audio webcast at 10:00 a.m. EST today to discuss results for the quarter. To register for the live event, please visit https://buckle.zoom.us/webinar/register/WN_A5_s0zUvQ1yhslHLlO71Ww. A replay of the event can be accessed through Buckle’s investor relations website within twenty-four hours after the conclusion of the live event (https://corporate.buckle.com/investors/earnings-webcasts).

About Buckle

Buckle is a specialty retailer focused on delivering exceptional service and style through unforgettable experiences. Offering a curated mix of high-quality, on-trend apparel, accessories, and footwear, Buckle is for those living the styled life. 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 445 retail stores in 42 states, which includes the opening of two new stores during fiscal November located in Park City, Utah and Bristol, Tennessee. As of the end of the fiscal quarter, it operated 443 stores in 42 states compared with 441 stores in 42 states at the end of the third quarter of fiscal 2022.

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.

Financial Tables to Follow 

THE BUCKLE, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Amounts in Thousands Except Per Share Amounts)

(Unaudited)

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022
SALES, Net of returns and allowances	$	303,457	$	332,341	$	878,719	$	943,381
COST OF SALES (Including buying, distribution, and occupancy costs)	156,242		166,940		459,835		480,451
Gross profit	147,215		165,401		418,884		462,930
OPERATING EXPENSES:
Selling	70,242		74,148		205,081		209,376
General and administrative	12,908		11,830		39,247		35,359
	83,150		85,978		244,328		244,735
INCOME FROM OPERATIONS	64,065		79,423		174,556		218,195
OTHER INCOME, Net	4,490		1,883		11,322		2,711
INCOME BEFORE INCOME TAXES	68,555		81,306		185,878		220,906
INCOME TAX EXPENSE	16,793		19,920		45,540		54,122
NET INCOME	$	51,762	$	61,386	$	140,338	$	166,784
EARNINGS PER SHARE:
Basic	$	1.05	$	1.25	$	2.83	$	3.39
Diluted	$	1.04	$	1.24	$	2.81	$	3.37
Basic weighted average shares	49,513		49,214		49,513		49,214
Diluted weighted average shares	49,937		49,604		49,891		49,556

THE BUCKLE, INC.

CONSOLIDATED BALANCE SHEETS

(Amounts in Thousands Except Share and Per Share Amounts)

(Unaudited)

ASSETS	October 28, 2023		January 28, 2023 (1)		October 29, 2022
CURRENT ASSETS:
Cash and cash equivalents	$	311,657	$	252,077	$	302,180
Short-term investments	23,446		20,997		22,902
Receivables	10,341		12,648		16,074
Inventory	152,289		125,134		152,335
Prepaid expenses and other assets	11,206		12,480		12,370
Total current assets	508,939		423,336		505,861
PROPERTY AND EQUIPMENT	483,435		466,321		465,694
Less accumulated depreciation and amortization	(359,367)		(353,919)		(356,081)
	124,068		112,402		109,613
OPERATING LEASE RIGHT-OF-USE ASSETS	253,418		271,421		236,147
LONG-TERM INVESTMENTS	22,508		20,624		19,579
OTHER ASSETS	12,274		9,796		12,947
Total assets	$	921,207	$	837,579	$	884,147
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	63,320	$	44,835	$	74,028
Accrued employee compensation	34,784		55,490		44,183
Accrued store operating expenses	26,335		19,754		31,262
Gift certificates redeemable	12,305		16,777		11,782
Current portion of operating lease liabilities	78,884		89,187		78,850
Income taxes payable	536		—		—
Total current liabilities	216,164		226,043		240,105
DEFERRED COMPENSATION	22,508		20,624		19,579
NON-CURRENT OPERATING LEASE LIABILITIES	208,517		214,598		188,856
Total liabilities	447,189		461,265		448,540
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value; issued and outstanding; 50,445,386 shares at October 28, 2023, 50,092,616 shares at January 28, 2023, and 50,091,866 shares at October 29, 2022	504		501		501
Additional paid-in capital	189,297		178,964		175,821
Retained earnings	284,217		196,849		259,285
Total stockholders’ equity	474,018		376,314		435,607
Total liabilities and stockholders’ equity	$	921,207	$	837,579	$	884,147
(1) Derived from audited financial statements.