SEGMENT REPORTING

The Company's operations are managed at a consolidated level and function as a single operating and reporting segment. The segment generates revenue from the sale of merchandise through its retail stores and e-Commerce platform, all of which are located in the United States. The Company's President and Chief Executive Officer is its Chief Operating Decision Maker ("CODM"). The CODM evaluates the financial performance of the segment to allocate resources, reinvest profits into the business, and make capital allocation decisions based on income from operations and net income, as reported in the consolidated statements of income.

The table below presents the Company's significant segment expenses and results of operations which are regularly reviewed by the CODM:


	Fiscal Years Ended
Income Statement	February 1, 2025		February 3, 2024		January 28, 2023

Net Sales	$	1,217,689	$	1,261,102	$	1,345,187
Merchandise COGS (a)	422,432		444,256		471,736
Other COGS (b)	202,470		197,781		197,448
Personnel Costs (c)	264,991		263,728		260,659
Other Operating Expenses	86,432		84,278		87,212
Income From Operations	241,364		271,059		328,132
Other Income, Net	16,413		18,156		6,924
Income Tax Expense	62,309		69,296		80,430
Net Income	$	195,468	219,919		$	254,626

(a) Merchandise COGS represents expenses related to the sale of merchandise, including product costs, inbound freight, and shrinkage.

(b) Other COGS consists of buying, distribution, warehousing, and occupancy expenses.

(c) Personnel costs include wages, incentive compensation, benefits, and insurance costs related to store and non-buying related home office teammates.

As the Company operates as a single reportable segment, the additional disclosures required by ASC 280, Segment Reporting, are included in the consolidated financial statements and accompanying notes.

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

BUCKLE INC Segments Disclosure

About Segments Disclosures

Other Available Disclosures