EARNINGS PER SHARE
The following table provides a reconciliation between basic and diluted earnings per share:

Fiscal Years Ended
January 31, 2026February 1, 2025February 3, 2024
Net IncomeWeighted
Average
Shares (a)
Per Share
Amount
Net IncomeWeighted
Average
Shares (a)
Per Share
Amount
Net IncomeWeighted
Average
Shares (a)
Per Share
Amount
Basic EPS$209,744 50,268 $4.17 $195,468 49,922 $3.92 $219,919 49,582 $4.44 
Effect of Dilutive Securities:     
Non-vested shares— 433 (0.03)— 388 (0.03)— 373 (0.04)
Diluted EPS$209,744 50,701 $4.14 $195,468 50,310 $3.89 $219,919 49,955 $4.40 
(a)     Shares in thousands.
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Historical Timeline

Fiscal YearFiled
2026Apr 1, 2026Showing above
2025Apr 2, 2025
2024Apr 3, 2024
2023Mar 29, 2023
2022Mar 30, 2022
2021Mar 31, 2021
2020Apr 1, 2020
2019Apr 3, 2019
2018Apr 4, 2018
2017Mar 29, 2017
2016Mar 30, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.