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Rocky Brands (RCKY)
NASDAQ:RCKY
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.22Last Year’s EPS
0.98Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -12.17%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for RCKY. While there were significant achievements, such as growth in key brands and improved gross margins, the company faced notable challenges with sales declines in certain segments, weather impacts, and inventory issues. The sentiment is balanced with both positive forward-looking indicators and current operational challenges.Company Guidance
During the third quarter of 2024 earnings call, Rocky Brands' executives provided guidance underscoring the resilience of their multi-brand, multichannel operating model despite external challenges. The company experienced double-digit growth in its Durango and XTRATUF brands within the U.S., and the B2B Lehigh CustomFit safety footwear platform also performed well. However, overall sales were slightly below plan due to factors such as unfavorable weather, reduced promotional activity, and inventory shortages, particularly affecting the Muck brand. Despite these setbacks, gross margins improved by over 100 basis points, and adjusted operating margins reached nearly 9.5%. For the full year, Rocky Brands anticipates reaching the lower end of its initial sales guidance range of $450 million to $460 million. Looking forward, the company is optimistic about 2025, with plans to expand manufacturing and sourcing capacity in response to strong demand, particularly for XTRATUF, which has shown increased spring bookings.Double-Digit Growth in Key Brands
Durango and XTRATUF brands experienced double-digit growth in the U.S., with strong demand and successful new product launches.
Gross Margin Improvement
Gross margin increased by 110 basis points to 38.1% in Q3 2024, aided by lower promotional activity and a shift towards higher-margin retail sales.
Debt Reduction and Refinancing
Total debt decreased by 29.7% compared to a year ago, with a significant reduction in interest expenses due to refinancing completed in April 2024.
B2B Lehigh Sales Surge
The B2B Lehigh business saw double-digit sales growth and added over 200 new accounts in Q3 2024, reversing recent downward trends.
Strong Spring 2025 Outlook
The order book for spring 2025 shows significant growth, particularly for XTRATUF and Durango, indicating positive forward momentum.
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RCKY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RCKY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $27.52 | $20.20 | -26.60% |
| Jul 30, 2024 | $34.73 | $33.88 | -2.45% |
| Apr 30, 2024 | $25.37 | $32.57 | +28.38% |
| Feb 28, 2024 | $29.17 | $24.41 | -16.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rocky Brands (RCKY) report earnings?
Rocky Brands (RCKY) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Rocky Brands (RCKY) earnings time?
Rocky Brands (RCKY) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RCKY EPS forecast?
RCKY EPS forecast for the fiscal quarter 2024 (Q4) is 1.22.
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