Rocky Brands ( (RCKY) ) has released its Q1 earnings. Here is a breakdown of the information Rocky Brands presented to its investors.
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Rocky Brands, Inc. is a prominent designer, manufacturer, and marketer of premium footwear and apparel, operating under a portfolio of well-recognized brand names within the retail and wholesale sectors.
In its first quarter of 2025, Rocky Brands reported a modest increase in net sales by 1.1% to $114.1 million, alongside a significant rise in net income by 88.5% to $4.9 million, showcasing a strong financial performance.
Key financial highlights include an 8.8% increase in income from operations to $8.7 million and a noteworthy reduction in total debt by 17.5% year-over-year. The retail segment experienced robust growth with a 20% increase, driven by direct-to-consumer sales and the Lehigh safety shoe business. The company’s gross margin improved by 210 basis points to 41.2% of net sales, attributed to better full-priced selling and a higher proportion of retail sales.
Looking ahead, Rocky Brands is focused on mitigating the impact of higher tariffs and plans to implement price increases on most footwear styles. The company remains optimistic about achieving its financial targets for the year, leveraging its strong brand portfolio and diversified sourcing strategy.