Revenues

9 Months Ended

Oct. 28, 2023

Revenue from Contract with Customer [Abstract]

The Company is a retailer of medium to better priced casual apparel, footwear, and accessories for fashion conscious young men and women. The Company operates its business as one reportable segment. The Company sells its merchandise through its retail stores and e-Commerce platform. The Company had 443 stores located in 42 states throughout the United States as of October 28, 2023 and 441 stores in 42 states as of October 29, 2022. During the thirty-nine week period ended October 28, 2023, the Company opened 5 new stores, substantially remodeled 14 stores, and closed 3 stores, which includes 3 new stores, 4 substantially remodeled stores, and no closed stores for the third quarter. During the thirty-nine week period ended October 29, 2022, the Company opened 3 new stores, substantially remodeled 16 stores, and closed 2 stores, which includes 1 new store, 3 substantially remodeled stores, and 1 closed store for the third quarter.

For the thirteen week periods ended October 28, 2023 and October 29, 2022, online revenues accounted for 15.2% and 16.5%, respectively, of the Company's net sales. For the thirty-nine week periods ended October 28, 2023 and October 29, 2022, online revenues accounted for 16.0% and 16.5%, respectively. No sales to an individual customer or country, other than the United States, accounted for more than 10% of net sales.

The following is information regarding the Company’s major product lines, stated as a percentage of the Company’s net sales:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
Merchandise Group	October 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022

Denims	43.7	%	42.6	%	39.5	%	38.3	%
Tops (including sweaters)	30.2		30.5		29.2		29.6
Accessories	9.8		9.5		10.7		9.8
Sportswear/Fashions	2.4		2.0		7.6		7.5
Footwear	5.8		7.6		7.1		9.3
Outerwear	2.3		2.7		1.3		1.3
Casual bottoms	1.4		1.2		1.2		1.0
Youth	4.4		3.9		3.4		3.2
Total	100.0	%	100.0	%	100.0	%	100.0	%

Effective July 1, 2022, the Company entered into a five year agreement (the "Agreement") with Bread Financial and Comenity Bank (collectively the "Bank"), to provide guests with private label credit cards ("PLCC"). Each PLCC bears the Buckle brand logo and can only be used at the Company's retail locations and eCommerce platform. The Bank is the sole owner of the accounts issued under the PLCC program and bears full risk associated with guest non-payment.

As part of the Agreement, the Company receives a percentage of PLCC sales from the Bank, along with other incentive payments upon the achievement of certain performance targets. All amounts received from the Bank under the Agreement are recorded in net sales in the condensed consolidated statements of income.