MEDIUMBuilt-inProduct / Revenue mix
47%
private label merchandise
“10-K Item 1A: 'Sales from private label merchandise accounted for approximately 47% of net sales in both fiscal 2025 and fiscal 2024.'”
BKE · Concentration risk · 10-K extracted
Buckle, Inc. (The) (BKE) concentration risks
Updated
The most significant concentration Buckle, Inc. (The) discloses is private label merchandise at 47%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Buckle, Inc. (The)’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
42.5%
Denim
“10-K Item 1: 'Denim is a significant contributor to total sales (42.5% of fiscal 2025 net sales)'”
LOWOutside partySupplier
20.6%
Axis Denim
“10-K Item 1: 'In fiscal 2025, Axis Denim (which produces private label denim for the Company) accounted for 20.6% of net sales.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile reflects a specialty retailer whose revenue is tightly anchored around a single product category and a large private-label program. Denim is a significant contributor to total sales, representing 42.5% of fiscal 2025 net sales — a medium-share structural concentration that makes results unusually sensitive to category-level trends in denim fashion, pricing, and consumer demand. Because this concentration is by product category rather than by individual customer, the risk channel is primarily fashion and consumer preference cycles rather than counterparty attrition. Layered on top is a substantial private-label program: sales from private label merchandise accounted for approximately 47% of net sales in both fiscal 2025 and fiscal 2024, a medium-share structural exposure reflecting a deliberate strategy to develop owned brands. While private label can support margins relative to national brands, it also concentrates supply-chain and product-design risk with the company itself — meaning execution failures in sourcing, design, or quality management have a direct revenue impact at this scale. The connection between the two concentrations is explicit in the supply chain: Axis Denim, which produces private label denim for the company, accounted for 20.6% of net sales in fiscal 2025, a small-share supplier dependency that crosses into a meaningful portion of the revenue base. Because this supplier sits at the intersection of the denim and private-label concentrations, a disruption at Axis Denim would compound the existing product category risk rather than represent an independent shock, making it the key single-name dependency to monitor in this profile.
For the engine’s reasoning on BKE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Apparel Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BKE● | Buckle, Inc. (The) | 0 | 2 | 1 | 3 |
| ANF | Abercrombie & Fitch Company | 0 | 2 | 0 | 2 |
| GAP | Gap, Inc. (The) | 0 | 1 | 1 | 2 |
| AEO | American Eagle Outfitters, Inc. | 0 | 1 | 0 | 1 |
| BOOT | Boot Barn Holdings, Inc. | 0 | 1 | 0 | 1 |
| BURL | Burlington Stores, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.