Ladies and gentlemen, thank you for standing by, and welcome to Buckle's third quarter earnings release. At this point, all the participant lines are in a listen-only mode. However, there will be an opportunity for your questions. Instructions will be given at that time. As a reminder, this call is being recorded. Members of Buckle's management on the call today are Dennis Nelson, President and CEO; Tom Heacock, Senior Vice President of Finance, Treasurer, and CFO; Kelli Molczyk, Vice President of Women's Merchandising; Bob Carlberg, Senior Vice President of Men's Merchandising; and Brady Fritz, Vice President, General Counsel, and Corporate Secretary. As they review the operating results for the third quarter, which ended October thirtieth, they would like to reiterate their policy of not giving future sales or earnings guidance and have the following safe harbor statement. 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. Additionally, the company does not authorize the reproduction or dissemination of transcripts or audio recordings of the company's quarterly conference calls without its express written consent. Any unauthorized reproductions or recordings of the call should not be relied upon as the information may be inaccurate. With that, I'll turn it over to Mr. Tom Heacock. Please go ahead, sir. Good morning, and thanks for being with us this morning. Our November 19, 2021 press release reported that net income for the 13-week third quarter ended October 30, 2021 was $62.2 million or $1.26 per share on a diluted basis compared with net income of $41.6 million or $0.85 per share on a diluted basis for the prior year 13-week third quarter, which ended October 31, 2020. Year-to-date net income for the 39-week period ended October 30, 2021 was $170.9 million or $3.46 per share on a diluted basis compared to net income of $64.5 million or $1.32 per share on a diluted basis for the prior year 39-week period ended October 31, 2020. Net sales for the thirteen-week third quarter increased 27.3% to $319.4 million compared to net sales of $251 million for the prior year thirteen-week third quarter. Comparable store sales for the quarter increased 27.3% in comparison to the same thirteen-week period in the prior year, and online sales increased 9% to $50.5 million. Year-to-date net sales increased 56.9% to $913.7 million for the thirty-nine-week fiscal period ended October 30, 2021, compared with net sales of $582.4 million for the prior year thirty-nine-week fiscal period ended October 31, 2020. Comparable store sales for the year-to-date period were up 56.7% in comparison to the same 39-week period in the prior year. Online sales year to date increased 18.7% to $147.7 million. For the quarter, UPTs decreased approximately 3.5%. The average unit retail increased approximately 1%, and the average transaction value decreased about 2.5%. Year to date, UPTs decreased approximately 3%. The average unit retail increased approximately 2.5%, and the average transaction value decreased approximately 0.5%. Gross margin for the quarter was 50.4%, up from 46.6% in the third quarter of 2020. Our year-to-date gross margin was 49.3% compared to 40.7% for the same period last year. The third quarter increase in gross margin was the result of a 65 basis point improvement in merchandise margins, coupled with 315 basis points of leverage occupancy buying and distribution costs as a result of the strong sales performance for the quarter. Selling general administrative expenses for the quarter were 24.7% of net sales, compared to 25% for the third quarter of 2020. Year to date, SG&A was 24.6% of net sales, down from 26.4% for the same period last year. The third quarter decrease was due to a 90 basis point decrease in store labor related expenses and 85 basis points of leverage across several other SG&A expenses, which were partially offset by a 145 basis point increase in incentive and equity compensation accruals. Our operating margin for the quarter was 25.7%, compared to 21.6% for the third quarter of fiscal 2020. For the year to date period, our operating margin was 24.7% compared to 14.3% for the same period last year. Income tax expense as a percentage of pre-tax net income for both the current and prior year fiscal quarter was 24.5%, bringing third quarter net income to $62.2 million for fiscal 2021 versus $41.6 million for fiscal 2020. Income tax expense as a percentage of pre-tax net income for both the current and prior year year-to-date periods was also 24.5%, bringing year-to-date net income to $170.9 million for 2021 compared to $64.5 million for fiscal 2020. Our press release also included a balance sheet as of October 30, 2021, which included the following. Inventory of $100.6 million, which was down from inventory of $118.7 million as of October 31, 2020, and total cash and investments of $500.1 million. We ended the quarter with $99.3 million in fixed assets, net of accumulated depreciation. Our capital expenditures for the quarter were $3 million and depreciation expense was $4.3 million. For the year-to-date period, capital expenditures were $12.2 million and depreciation expense was $14 million. Year-to-date capital spending is broken down as follows. $11.5 million for new store construction, store remodels, and technology upgrades, and $0.7 million for capital spending at the corporate headquarters and distribution center. During the quarter, we completed three full remodels, each of which were relocations into new outdoor shopping centers and closed one store. This brings our year-to-date totals to one new store, 10 full remodels, and three store closures. For the remainder of the year, we anticipate completing eight additional full remodeling projects. Based on current store plans, we now expect our capital expenditures to be in the range of $17 million-$20 million, which includes both planned store projects and IT investments. Buckle ended the quarter with 441 retail stores in 42 states, compared with 446 stores in 42 states at the end of the third quarter last year. Now I'll turn it over to Kelli Molczyk, Vice President of Women's Merchandising. Thanks, Tom. I'd like to start by highlighting the performance of our women's merchandise categories for the quarter. Women's merchandise sales for the fiscal quarter were up approximately 26% against the prior year fiscal quarter. For the quarter, our women's business was approximately 48% of sales compared to 48.5% in the prior year. Average denim price points decreased from $75.15 in the third quarter of fiscal 2020 to $74.25 in the third quarter of fiscal 2021. Overall average women's price points increased about 3.5% from $44.10 to $45.65. We are excited to report another strong quarter of women's business. We continued to see a nice response to our denim selection as we expanded into more fits, provided an expanded range of bottom openings, and continued to build upon our private label assortment. As with many other categories, new arrivals for denim were heavily impacted by supply chain disruptions. In particular, deliveries from our higher price point denim brands like Rock Revival and Miss Me were impacted the most due to broad closures in Vietnam. Some of our other denim brands also saw slight delays in shipping during the quarter. For other categories, products with a fashion flair performed best. Plaids, third layer-third layers, dressy tops, graphic tees, boots, and fashion accessories were key drivers. We remain focused on building our private label selection across all categories while also continuing to introduce new brands in strategic markets. Our youth business continues to build with denim and knits driving sales. For youth, offering that same unique mix that we do in our women's products has been well received. With the ongoing supply chain challenges, we continue to work very closely with all of our manufacturers and brand partners to minimize the potential impacts. Our unique assortment, sourced from a variety of brands and vendor partners, enables us to be agile in our planning and buying. As a result, despite disruptions to our plans, we were able to react quickly to the changing environment and still deliver newness across the full women's business. Additionally, our strong sell-through performance created opportunities for us to add in existing in-season products. Footwear is a category where being diversified in our brands and looks has greatly benefited our ability to continue to drive sales in spite of some challenges in getting new receipts as planned from brands like HEYDUDE and SOREL. It's important to again thank our vendors and brands for their partnership as we all are challenged to work a little bit differently. To the women's buying team, I honestly cannot give them enough credit for all of their hard work and hustle to stay on top of an ever-changing time in retail. With that, I will turn it over to Bob Carlberg, Senior Vice President of Men's Merchandising, to discuss the performance of our men's merchandise categories. Thank you, Kelli. Men's merchandise sales for the fiscal quarter were up 28% against the prior year fiscal quarter. For the quarter, our men's business was approximately 52% of net sales compared to 51.5% in the prior year. Average denim price points decreased from $84.60 in the third quarter of fiscal 2020 to $81.55 in the third quarter of fiscal 2021. Overall, average men's price points decreased about 1% from $49.55 to $49.15. Our men's business had another outstanding quarter with unit sales in each department up over 20%. Demand was strong across all brands and lifestyles. One of Buckle's greatest strengths is the diversity of guests we can serve. If one brand or lifestyle is late, we are able to help the guest see substitutions that make sense for them. Our new color palettes, fabrics, and styling across all categories were very well received by our guests. As we all know, getting product to our doors has taken more planning and work than ever. Our team and partners have managed it very well, and we have been catching up on inventory month to month as we've moved through fall and prepare for holiday. Outside of Rock Revival denim, we had very little men's product disrupted by the countrywide shutdowns in Vietnam. Even with the large delay in our Rock deliveries, we continued growing denim in the double digits, with denim being the largest dollar gain, followed by knits. During the quarter, our Salvage brand was even stronger than normal as a strong substitute for Rock denim. In other categories, our highest growth was in knits, as we have our best inventory position there and continue to expand our brands and lifestyles. Our private brands have grown in breadth and in volume as we cover every niche and lifestyle across our collections. I want to mention our button front business that was most impacted early by COVID has come roaring back. Button fronts, like outerwear and sweaters, are dominated by our private brands. Now turning to results on a combined basis. Accessory sales for the fiscal quarter were up approximately 27.5% against the prior year fiscal quarter, and footwear sales were up about 23%. These two categories accounted for approximately 8.5% and 9.5% respectively of third quarter net sales, which compares to 8.5% and 10% for each in the third quarter of fiscal 2020. Average accessory price points were up approximately 7%, and average footwear price points were up about 0.5%. Again, on a combined basis for the quarter, denim accounted for approximately 41.5% of sales, and tops accounted for approximately 32%. This compares to 42% and 32% for each in the third quarter of fiscal 2020. For the quarter, our private label business increased to 44% of sales compared to 39% in the third quarter of 2020. With this being my final earnings call before retiring at the end of our fiscal year, I want to take the opportunity to thank Dennis and Buckle teammates, past and present, for such an incredible journey. I'll miss the excitement of the business and the culture that Dennis and many other great people have created. I also wanted to specifically thank the men's buying team. It's been a true joy to work with each of them. Your talent, creativity, and drive have enabled us to succeed in the face of such adversity over the past two years and have positioned us well to further capitalize on the opportunities ahead. The future looks bright, and I look forward to watching where you take us. With that, we welcome your questions. Thank you. Ladies and gentlemen, if you do wish to ask a question, please press 1 then 0 on your telephone keypad. You may withdraw your question at any time by repeating the 1-0 command. If you're using a speakerphone, please pick up your handset before pressing the numbers. Once again, if you have a question, you may press 1, then 0 at this time. First in line is Jon Braatz with Kansas City Capital, please go ahead. Morning, everyone. Dennis, what do you see maybe ahead in 2022 in terms of new stores, maybe the future of Buckle youth stores and so on? You know, obviously you have a nice cash position. Would you anticipate much in terms of new stores going forward? Good morning, Jon. I wanna take a moment before answering your question. As this is Bob's last earnings call, I would like to thank Bob for his 38 outstanding years at The Buckle. Bob is a very talented merchant and has developed an excellent men's merchandise team. He's been a great partner, and we appreciate all he has accomplished at The Buckle. We wanna wish Bob all the best in the future. Jon, we do have one new store planned for 2022. The youth stores, we will expand our inventory selection in our stores, although we don't have a specific youth store planned to open separate from our regular store. We're also, over the next year and a half, gonna have 20-plus relocation remodels of stores. Most of those or the majority of those will be moving from probably mall locations to outdoor centers or shopping strip centers, where we will have the exposure on the street with our guests. We've had some very good success the past two years making those changes. Thank you. Okay. Dennis, when you with regards to the Buckle youth merchandise, when you put that merchandise into a store, are you taking out merchandise? I'm trying to get sort of an incremental impact that the youth segment is having on your stores. No. In the majority of stores, we are not taking out product. The good news about our relocations, in the majority of our relocations, we are expanding store size by, you know, at least 1,000 sq ft in a lot of cases. That makes a very good way for us to expand that selection without adding more store personnel for a separate store and saving the expense of a separate build out. Okay. One last question. This year has been an extraordinary year for everybody. I'll have to give everybody, you and your team credit because I think you've out executed, out competed your competitors. But obviously, there were some macro tailwinds that helped everybody. You know, when you look into 2022 and beyond, you know, and look where you are today. How much do you think maybe some of the things that you've done are sustainable in terms of a higher margin? Obviously you're gonna be up around 25% and, you know, you go back a couple years of 2013, 2014, you were at 22%. Are some of the things that you've done, will you be able to retain and, you know, keep margins a little bit higher than maybe what we've seen in the past? Well, we won't make any predictions, but we have a, you know, a lot of good things going. We have great excitement in the stores, very talented teammates, with our store managers and their leaders in the stores. Our merchandise teams are very strong, and they're great at knowing our guests. Our marketing has improved. We have substantially more new guests each quarter than the previous year, and a strong support staff here at the office. We have a lot of things to be excited about. I think even in 2019, we were starting to make progress on a lot of our investments changes. Our focus has always been to have continued improvement within our company. You know, I wanna thank all our teammates and staff for all their hard work and appreciate what they're doing because we take a continued focus on improving our guest service, our presentation of the product. Over time, you know, this continued improvements kinda like compound interest, we gain from it and get stronger as we grow. That's kind of our approach, and we think we'll continue to do well. Okay. All right. Thank you, Dennis. Yes. Our next question's from Peter Brotchie with Brotchie Capital Management. Please go ahead. Good morning. Thanks for taking my call. Couple of questions. I think I heard you say that your SG&A was actually down this quarter. Are you guys experiencing any kind of wage inflation at the store level or in distribution? Our model in the store, we're primarily for most of our teammates a base plus a commission, so there's you know natural increases in wage and a lot of our teammates are doing really well with the strong business we're seeing you know in a lot of areas. You know, you read the press and our experience has been no different, that it's incredibly competitive for talent. So we have had to make some adjustments to wages here for some of our positions in the office. The same for some of our positions in the store. I mean, recruiting is a constant focus, especially in our fulfillment centers here for e-commerce sales and our distribution center. We've also, you know, had a really strong focus on recruiting through the fall in the stores, and that's been really successful. We had some added incentives for both referrals and new applicants and we're really in a good spot there. Great. Thanks for that. Go. I'm sorry, go ahead. All things considered. Sure. Speaking of your sales associates, you guys have always been great with having your in-store associates spend time with customers to make sure they get the right fit, the right brand for them personally. I'm just wondering if you can give me some color on how that squares with your online sales increasing, it's like fairly dramatically. Are people buying online and coming in for a more custom fit if they're not happy when they get it at home? Or how do you think about that? I think we have a lot of guests that shop online and then come into the store to find what they would like best. They find their favorite fits in our stores. They're more comfortable ordering online 'cause they know that, you know, our quality and consistency and the fitting works well for them, and we're always there. We started testing in 2019 the ship from store and expanded that last year as the business, you know, grew during the year. That's been a big help to our e-com business. As you know, our third quarter over 2019 e-com was up 81%. I think second quarter was up 94%. It's a combination of things that are working very well there. Great. One final question. How do you feel about having ample inventory for holiday? Well, we're hoping that we keep the flow going. I mean, with up 27% in the third quarter, we were able to get, which our inventory was still down in the high teens. I think it had been running down over 20%. With the success of the stores and our business, it's been difficult to catch up, but a good problem, and we're still working hard. If we get everything coming in that's planned, we should be able to offer a nice selection. Great. Well, thanks again, and congratulations on a fantastic quarter. Thank you, Peter. Take care. Ladies and gentlemen, just a quick reminder, if you do have a question, please press 1 then 0 at this time. We do have a question from the line of Steve Marotta with C.L. King & Associates. Please go ahead. Good morning, Dennis. I just want to follow up on that last question regarding the supply chain in general. How would you say it is for both private label and branded items compared to three months ago? Good morning, Steve. You know, it's a little difficult to call out. I think, you know, some of our vendors are in pretty good ship-shape on shipping on product, and others still have a challenge. I'd say it's slightly improved but still a challenge. Okay, that's helpful. Can you update us on any digital initiatives that launched over the last three months that have helped you connect digitally with your customers and have them transact digitally? Dennis mentioned, this is Tom. Dennis mentioned a lot of the heavy lifting for our omni initiatives was done prior to this year. In terms of, you know, opening up the availability of in-store inventory for online purchase, for the browse inventory, you know, buy online, pickup in store, ship from store, those were all done, which were a lot of our biggest initiatives. This year, I mean, we have a tool that we're rolling out and experimenting with and implementing and hoping to grow where our teammates in the stores have the ability to take their service to the guest. It's really, you know, bridging that gap between teammates in the stores and online, and taking that service to the guests wherever they are. That's been well received. We hope to continue to grow that. We continue to look at payment options. We've added payment options and added Afterpay both in-store and online during the quarter. Those are probably some of our more significant initiatives this year. I mean, all the things have been well received. We continue to see growth both online and in-store. I think it's a function of all of those investments. That's helpful. Thank you. In a few moments, we have no further questions in queue. With no questions, we can wrap it up for today. Thank you everybody for being on the call and participating, and have a wonderful day. Ladies and gentlemen, that does conclude your conference. Thank you for your participation. You may now disconnect.