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 14, 2014 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 2013 NET INCOME

KEARNEY, NE -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended February 1,
2014 was $59.3 million, or $1.24 per share ($1.23 per share on a diluted basis). Net income for the fiscal year February 1,
2014 was $162.6 million, or $3.41 per share ($3.39 per share on a diluted basis).
Net sales for the 13-week fiscal quarter ended February 1, 2014 decreased 6.0 percent to $339.0 million from net sales of
$360.6 million for the prior year 14-week fiscal quarter ended February 2, 2013. Comparable store net sales for the 13-week period ended February 1, 2014 decreased 2.8 percent from comparable store net sales for the prior year 13-week period ended February 2, 2013. Online sales (which are not included in comparable store sales) increased 0.4 percent to $29.3 million for the
13-week period ended February 1, 2014, compared to net sales of $29.1 million for the 14-week period ended February 2,
2013.
Net sales for the 52-week fiscal year ended February 1, 2014 increased 0.4 percent to $1.128 billion from net sales of $1.124 billion for the 53-week fiscal year ended February 2, 2013. Comparable store net sales for the 52-week period ended
February 1, 2014 were flat in comparison to the prior year 52-week period ended February 2, 2013. Online sales (which are not included in comparable store sales) increased 5.3 percent to $89.0 million for the 52-week period ended February 1, 2014, compared to net sales of $84.5 million for the 53-week period ended February 2, 2013.
The fourth quarter of fiscal 2013 was a 13-week fiscal period, ending The Buckle, Inc.'s 52-week fiscal year. The fourth
quarter of fiscal 2012 was a 14-week fiscal period, ending a 53-week fiscal year. Comparable store net sales for the quarter and year-to-date periods are compared to the 13-week and 52-week periods ended February 2, 2013.
Net income for the fourth quarter of fiscal 2013 was $59.3 million, or $1.24 per share ($1.23 per share on a diluted basis), compared with $61.4 million, or $1.29 per share ($1.28 per share on a diluted basis) for the fourth quarter of fiscal 2012.
Net income for the fiscal year ended February 1, 2014 was $162.6 million, or $3.41 per share ($3.39 per share on a diluted basis), compared with $164.3 million, or $3.47 per share ($3.44 per share on a diluted basis) for the fiscal year ended February 2, 2013.
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 (888) 276-0005 and reference the conference code 321394. A replay of the call will be available for a two -week period beginning March 14, 2014 at 12:00 p.m. EDT by calling (800) 475-6701 and entering the conference code 321394.

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 450 retail stores in 43 states. As of the end of the fiscal year, it operated 450 stores in 43 states compared with 440 stores in 43 states at the end of fiscal 2012.
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)

13-Weeks Ended

February 1, 2014

14-Weeks Ended

February 2, 2013

52-Weeks Ended

February 1, 2014

53-Weeks Ended

February 2, 2013

SALES, Net of returns and allowances

$ 338,999

$ 360,615

$ 1,128,001

$ 1,124,007

COST OF SALES (Including buying, distribution, and occupancy costs)

177,573

187,413

628,856

624,692

Gross profit

161,426

173,202

499,145

499,315

OPERATING EXPENSES:

Selling

62,668

64,945

206,893

201,963

General and administrative

4,482

10,657

35,258

39,177

67,150

75,602

242,151

241,140

INCOME FROM OPERATIONS

94,276

97,600

256,994

258,175

OTHER INCOME, Net

2,244

1,179

3,462

3,524

INCOME BEFORE INCOME TAXES

96,520

98,779

260,456

261,699

PROVISION FOR INCOME TAXES

37,216

37,423

97,872

97,394

NET INCOME

$ 59,304

$ 61,356

$ 162,584

$ 164,305

EARNINGS PER SHARE

Basic

$ 1.24

$ 1.29

$ 3.41

$ 3.47

Diluted

$ 1.23

$ 1.28

$ 3.39

$ 3.44

Basic weighted average shares

47,868

47,613

47,744

47,383

Diluted weighted average shares

48,026

47,893

47,976

47,710

THE BUCKLE, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) (Unaudited) ASSETS



CURRENT ASSETS:

February 1, 2014 February 2, 2013(1)

Cash and cash equivalents

$ 164,868

$ 117,608

Short-term investments

20,197

26,414

Receivables

4,318

3,470

Inventory

124,141

103,853

Prepaid expenses and other assets

28,613

25,528

Total current assets 342,137 276,873

PROPERTY AND EQUIPMENT

Less accumulated depreciation and amortization

393,656 (235,087)

373,286 (210,183)

158,569

163,103

LONG-TERM INVESTMENTS

43,436

35,735

OTHER ASSETS

2,151

2,263

$ 546,293

$ 477,974

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES: Accounts payable

$ 37,147

$ 34,124

Accrued employee compensation

36,933

42,183

Accrued store operating expenses

9,983

10,121

Gift certificates redeemable

23,131

22,221

Income taxes payable

16,187

20,307

Total current liabilities

123,381

128,956

DEFERRED COMPENSATION

12,797

10,600

DEFERRED RENT LIABILITY

OTHER LIABILITIES

37,564

10,621

36,947

11,822

Total liabilities

184,363

188,325



COMMITMENTS

STOCKHOLDERS' EQUITY:

Common stock, authorized 100,000,000 shares of $.01 par value; 48,336,392 and 48,059,269 shares

issued and outstanding at February 1, 2014 and February 2, 2013, respectively

483

481

Additional paid-in capital

124,134

117,391

Retained earnings

238,151

172,711

Accumulated other comprehensive loss

(838)

(934)

Total stockholders' equity 361,930 289,649

(1) Derived from audited financial statements



$ 546,293 $ 477,974

distributed by