Rocky Brands news and archive

Rocky Brands sales and earnings decline in the third quarter

Rocky Brands net sales decreased 8.8 percent to 114.6 million dollars in the third quarter of 2023. "While cautious consumer spending outside of peak shopping periods and warm, dry weather acted as headwinds this quarter, the underlying strength of our business remains intact," said Jason Brooks, the company’s chairman, president and CEO in a...

Business

Rocky Brands reports Q2 earnings

Second quarter net sales at Rocky Brands decreased 1.6 percent to 98.3 million dollars. The company said in a release that excluding the divestiture of the Servus brand, the change to a distributor model in Canada and temporarily elevated commercial military footwear sales to a single customer throughout 2023, net sales increased 6.1 percent....

Business

Rocky Brands posts Q1 profit, sales increase 2.2 percent

Rocky Brands net sales increased 2.2 percent to 112.9 million dollars in the first quarter and increased 7.6 percent excluding Servus brand net sales from the year ago period. The company said in a release that operating income increased 92.1 percent to 8 million dollars or 76.4 percent to 8.7 million dollars on an adjusted basis. Net income was...

Business

Rocky Brands Q4 net sales decline by 9.3 percent

Rocky Brands reported fourth quarter net sales decreased 9.3 percent to 126 million dollars and full year net sales of 461.8 million dollars, were down 25 percent. Operating income for the quarter increased 8.2 percent to 14.7 million dollars and decreased 19.7 percent to 35.4 million dollars. "We are encouraged with our fourth quarter...

Business

Rocky Brands Q3 sales down but profits improve

Third quarter net sales at Rocky Brands were 125.6 million dollars, a decrease of 14.8 percent or 12.7 percent on an adjusted basis. Net income for the quarter increased 20 percent to 6.8 million dollars or 93 cents per diluted share and adjusted net income increased 47.6 percent to 8 million dollars or 1.09 dollars per diluted share. Commenting...

People

Rocky Brands finance chief steps down

Rocky Brands has announced that its senior vice president, chief financial officer (CFO), and Treasurer Sarah O’Connor has stepped down from the business with immediate effect. The company said the departure was not the result of “any dispute or disagreement with Rocky on any matters relating to Rocky’s financial statements, internal controls,...

Business

Rocky Brands Q2 sales drop 38 percent, swings to loss

Rocky Brands has reported a 38.4 percent drop in sales in the second quarter citing “ongoing industry headwinds”. The US footwear and apparel company made net sales of 99.8 million dollars in the three months to June 30, down from 162 million dollars the prior year. It swung to a net loss of 2.7 million dollars from a profit of 0.92 million...

Business

Rocky Brands reports Q1 loss, sales drop 33.9 percent

First quarter net sales at Rocky Brands decreased 33.9 percent to 110.4 million dollars. The company reported a first quarter net loss of 0.4 million dollars or 5 cents per diluted share compared to net income of 7.3 million dollars or 99 cents per diluted share in the first quarter of 2022. Adjusted net loss was 0.8 million dollars or 12 cents...

Business

Rocky Brands appoints Dwight Smith as class I director

Rocky Brands, Inc. has appointed Dwight E. Smith as a class I director of the company, effective January 1, 2023. Smith, the company said, has served as the president and CEO of Sophisticated Systems, Inc. since July 1990, which he founded to provide businesses with a comprehensive set of information technology solutions ranging from technology...

Business

Rocky Brands Q3 sales improve by 17.5 percent

Net sales at Rocky Brands inc., increased 17.5 percent to 147.5 million dollars and by 14.7 percent to 143.9 million dollars on an adjusted basis for the third quarter. The company’s wholesale segment sales increased 25.8 percent; while retail segment sales increased 7.3 percent. Income from operations increased 8.9 million dollars or 322.3...

Business

Rocky Brands Q2 revenue up 23 percent, but profits narrow

Rocky Brands, a US designer, manufacturer and marketer of footwear and apparel, has reported a narrowing profit in the second quarter despite a 23.1 percent increase in sales. Net income in the three months to June 30 fell to 0.9 million dollars from 3.9 million dollars a year earlier. The company, whose portfolio includes brands Rocky, Durango,...

Business

Rocky Brands Q4 sales surge 93 percent

Rocky Brands has reported a 93 percent year-on-year increase in sales to 169.5 million dollars in the fourth quarter ending December 31. Breaking that figure down by segment, wholesale sales increased 124.9 percent to 134.8 million dollars, while retail sales were up 12.6 percent to 26.5 million dollars. The US company, which designs,...