Buckle, Inc. (The) BKE

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
81/100
Strong

About Buckle, Inc. (The)

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for men, women, and kids under the Buckle and Buckle Youth brands in the United States. The company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise comprising the BKE, Buckle … Full BKE analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 49.0% (top 18%) and operating margin at 20.1% (top 0%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.73), demonstrating pricing resilience across cycles.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.36), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
84

Where BKE ranks in Apparel Retail

Buckle, Inc. (The) ranks #2 of 34 scored companies in Apparel Retail by moat score — the top 6%. The widest moat in the group is lululemon athletica inc. (LULU) at 83/100.

Moat scores for companies ranked near BKE in Apparel Retail
# Company Moat score Rating
1 lululemon athletica inc. LULU 83/100 Strong
2 Buckle, Inc. (The) BKE 81/100 Strong
3 Abercrombie & Fitch Company ANF 76/100 Strong
4 Boot Barn Holdings, Inc. BOOT 76/100 Strong
5 Ross Stores, Inc. ROST 75/100 Strong
6 TJX Companies, Inc. (The) TJX 74/100 Moderate
7 Urban Outfitters, Inc. URBN 73/100 Moderate
8 Gap, Inc. (The) GAP 71/100 Moderate
9 Burlington Stores, Inc. BURL 65/100 Moderate

See every General Corporate company ranked by moat score →

How BKE scores on the Corporate Default defenses

Pricing Power

Score 84 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 90 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 74 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 89 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 78 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 70 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BKE's moat

What is Buckle, Inc. (The)'s moat score?

Buckle, Inc. (The) (BKE) scores 81 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 34 scored companies in Apparel Retail, the top 6%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Apparel Retail. Its strongest defense is Cost Advantage (90/100) and its weakest is Scale & Market Position (70/100).

How does Buckle, Inc. (The) compare with other Apparel Retail companies?

Buckle, Inc. (The) ranks #2 of 34 scored companies in Apparel Retail by moat score. The widest moat in Apparel Retail is lululemon athletica inc. (LULU) at 83/100. The companies ranked closest are lululemon athletica inc. (LULU) at 83 just above it and Abercrombie & Fitch Company (ANF) at 76 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Apparel Retail. The defenses are then weighted to produce the overall score out of 100.

Why is Buckle, Inc. (The) scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Buckle, Inc. (The)?

The Corporate Default template measures 6 defenses, and BKE scores: Pricing Power (84), Cost Advantage (90), Customer Stickiness (74), Capital Efficiency (89), Resilience (78), Scale & Market Position (70). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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