The Buckle Sees Q3 Income Climb 11.5%

The Buckle reported its net income for the third quarter of fiscal 2005 increased 11.5% to $16.6 million, or 82 cents per share on a diluted basis, compared to net income of $14.9 million, or 67 cents per share on a diluted basis for the third quarter of fiscal 2004.

Net sales for the third quarter ended October 29, 2005, increased 3.2% to $138.1 million compared to net sales of $133.7 million for the third quarter of fiscal 2004. Comparable store net sales, for stores open at least one year, were down 0.9 percent for the 13 weeks ended October 29, 2005, compared with the 13 weeks ended October 30, 2004.

Net income for the first nine months ended October 29, 2005 rose 25.6 percent to $32.8 million or $1.66 per share ($1.59 per share on a diluted basis), compared with $26.1 million or $1.22 per share ($1.18 per share on a diluted basis) for the nine months ended October 30, 2004.

Net sales for the first nine months of fiscal 2005 increased 6.9 percent to $347.7 million compared to net sales of $325.3 million in the first nine months of fiscal 2004. Comparable store net sales increased 2.3 percent for the nine months ended October 29, 2005, compared with the nine months ended October 30, 2004.

                                 THE BUCKLE, INC.

                               STATEMENTS OF INCOME
              (Dollar Amounts in Thousands Except Per Share Amounts)
                                   (Unaudited)


                              Thirteen Weeks Ended     Thirty-nine Weeks Ended
                            October 29,  October 30,  October 29,  October 30,
                                2005       2004            2005       2004

    NET SALES                 $138,067     $133,722      $347,744   $325,344

    COST OF SALES (Including
     buying, distribution and
     occupancy costs)           81,818       81,531       217,999    212,697

               Gross profit     56,249       52,191       129,745    112,647

    OPERATING EXPENSES:
      Selling                   27,060       24,785        69,674     61,518
      General and
       administrative            4,096        4,814        12,074     12,564
                                31,156       29,599        81,748     74,082

    INCOME FROM OPERATIONS      25,093       22,592        47,997     38,565

    OTHER INCOME, Net            1,116          910         3,853      2,653

    INCOME BEFORE INCOME TAXES  26,209       23,502        51,850     41,218

    PROVISION FOR INCOME TAXES   9,619        8,624        19,086     15,135

    NET INCOME                 $16,590      $14,878       $32,764    $26,083


    EARNINGS PER SHARE:
      Basic                      $0.85        $0.70         $1.66      $1.22

      Diluted                    $0.82        $0.67         $1.59      $1.18


    BASIC WEIGHTED
     AVERAGE SHARES             19,458       21,357        19,756     21,377
    DILUTED WEIGHTED AVERAGE
     SHARES                     20,184       22,132        20,597     22,177


                                                October 29,        October 30,
    SELECTED FINANCIAL DATA                         2005               2004
         Cash and investments                    $155,214           $196,572
         Inventory                               $101,336            $94,719
         Property and equipment, net              $90,900            $83,972
         Accounts payable                         $16,853            $16,145