The Buckle, Inc. (BKE) 8-K Results of Operations and Financial Condition

	Exhibit 99.1
	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:   November 18, 2010	web: www.buckle.com

Contact:                 Karen B. Rhoads, Chief Financial Officer

The Buckle, Inc.

308/236-8491

THE BUCKLE, INC. REPORTS THIRD QUARTER NET INCOME AND

ANNOUNCES A $2.50 PER SHARE SPECIAL ONE-TIME CASH DIVIDEND

KEARNEY, NE -- The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended October 30, 2010 was $34.4 million, or $0.75 per share ($0.73 per share on a diluted basis).

The Buckle, Inc. also announced today that at a meeting of the Board of Directors, held on November 17, 2010, the Board authorized a $2.50 per share special one-time cash dividend to be paid to shareholders of record at the close of business on December 3, 2010, with a payment date of December 21, 2010.

Net sales for the 13-week fiscal quarter ended October 30, 2010 increased 5.2 percent to $243.3 million from net sales of $231.2 million for the prior year 13-week fiscal quarter ended October 31, 2009.  Comparable store net sales for the 13-week period ended October 30, 2010 increased 0.5 percent from comparable store net sales for the prior year 13-week period ended October 31, 2009.  Online sales (which are not included in comparable store sales) increased 20.8 percent to $15.1 million for the 13-week period ended October 30, 2010, compared to the 13-week period ended October 31, 2009.

Net sales for the 39-week fiscal period ended October 30, 2010 increased 3.7 percent to $646.8 million from net sales of $623.8 million for the prior year 39-week fiscal period ended October 31, 2009.  Comparable store net sales year-to-date for the 39-week period ended October 30, 2010 decreased 1.0 percent from comparable store net sales for the 39-week period ended October 31, 2009.  Online sales (which are not included in comparable store sales) increased 20.4 percent to $41.2 million for the 39-week period ended October 30, 2010, compared to the 39-week period ended October 31, 2009.

Net income for the third quarter of fiscal 2010 was $34.4 million, or $0.75 per share ($0.73 per share on a diluted basis), compared with $33.3 million, or $0.73 per share ($0.71 per share on a diluted basis) for the third quarter of fiscal 2009.

Net income for the 39-week fiscal period ended October 30, 2010 was $85.2 million, or $1.85 per share ($1.81 per share on a diluted basis), compared with $85.2 million, or $1.87 per share ($1.83 per share on a diluted basis) for the 39-week fiscal period ended October 31, 2009.

Management will hold a conference call at 10:00 a.m. EST today to discuss results for the quarter.  To participate in the call, please call (800) 230-1059 and reference the conference code 177298.  A replay of the call will be available for a two–week period beginning November 18, 2010 at 12:00 p.m. EST by calling (800) 475–6701 and entering the conference code 177298.

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 422 retail stores in 41 states.   As of the end of the fiscal quarter, it operated 421 stores in 41 states compared with 404 stores in 41 states at the end of the third quarter of fiscal 2009.

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.
STATEMENTS OF INCOME
(Amounts in Thousands Except Per Share Amounts)
(Unaudited)
	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	October 30,		October 31,		October 30,		October 31,
	2010		2009		2010		2009
SALES, Net of returns and allowances	$	243,346	$	231,238	$	646,782	$	623,841
COST OF SALES (Including buying,
distribution, and occupancy costs)		137,404		129,121		372,001		352,743
Gross profit		105,942		102,117		274,781		271,098
OPERATING EXPENSES:
Selling		44,063		43,017		120,550		118,121
General and administrative		7,530		7,427		21,169		21,452
		51,593		50,444		141,719		139,573
INCOME FROM OPERATIONS		54,349		51,673		133,062		131,525
OTHER INCOME, Net		470		1,192		2,869		3,651
INCOME BEFORE INCOME TAXES		54,819		52,865		135,931		135,176
PROVISION FOR INCOME TAXES		20,448		19,560		50,703		50,015
NET INCOME	$	34,371	$	33,305	$	85,228	$	85,161
EARNINGS PER SHARE:
Basic	$	0.75	$	0.73	$	1.85	$	1.87
Diluted	$	0.73	$	0.71	$	1.81	$	1.83
Basic weighted average shares		46,068		45,709		46,095		45,626
Diluted weighted average shares		46,916		46,719		46,989		46,621

THE BUCKLE, INC.
BALANCE SHEETS
(Amounts in Thousands Except Share and Per Share Amounts)
(Unaudited)
	October 30,			January 30,			October 31,
ASSETS	2010			2010 (1)			2009
CURRENT ASSETS:
Cash and cash equivalents	$	139,180		$	135,340		$	73,995
Short-term investments		25,302			22,687			19,620
Receivables		4,609			6,911			4,993
Inventory		111,235			88,187			118,213
Prepaid expenses and other assets		14,202			11,684			20,820
Total current assets		294,528			264,809			237,641
PROPERTY AND EQUIPMENT:		341,512			305,974			292,904
Less accumulated depreciation and amortization		(170,177	)		(159,392	)		(157,905	)
		171,335			146,582			134,999
LONG-TERM INVESTMENTS		71,212			72,770			73,553
OTHER ASSETS		6,503			4,742			4,945
	$	543,578		$	488,903		$	451,138
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	35,891		$	24,364		$	36,597
Accrued employee compensation		26,082			41,463			30,142
Accrued store operating expenses		10,326			8,866			9,757
Gift certificates redeemable		9,160			13,507			7,079
Income taxes payable		4,997			3,830			7,696
Total current liabilities		86,456			92,030			91,271
DEFERRED COMPENSATION		7,439			5,957			5,961
DEFERRED RENT LIABILITY		37,533			36,657			35,680
Total liabilities		131,428			134,644			132,912
COMMITMENTS
STOCKHOLDERS’ EQUITY:
Common stock, authorized 100,000,000 shares of $.01 par value;
issued and outstanding; 46,601,528 shares at October 30, 2010, 46,381,263
shares at January 30, 2010, and 46,294,580 shares at October 31, 2009		466			464			463
Additional paid-in capital		79,387			78,837			75,969
Retained earnings		332,964			275,751			242,885
Accumulated other comprehensive loss		(667	)		(793	)		(1,091	)
Total stockholders’ equity		412,150			354,259			318,226
	$	543,578		$	488,903		$	451,138
(1) Derived from audited financial statements.