NASDAQ$RCKY

Rocky Brands Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a decrease in net sales but retail sales increased.

Rocky Brands reported a decrease in net sales for the second quarter of 2020, with net sales of $56.2 million compared to $62.0 million in the second quarter of 2019. However, retail sales increased by 15.8% to $16.3 million. The company's cash and cash equivalents increased to $25.8 million, and it had zero debt at the end of the quarter.

  • Net sales decreased by 9.3% to $56.2 million compared to the previous year.
  • Retail sales increased by 15.8% to $16.3 million compared to the same period last year.
  • The company had cash and cash equivalents of $25.8 million and zero debt at the end of the second quarter.
  • Digital sales increased triple digits on a percentage basis.

Headline financials

Total Revenue

$56.2M

Previous: $62M-9.3%
EPS (adj)

$0.44

Previous: $0.42+4.8%
Capital Expenditures

-$5.55M

Previous: -$3.46M-60.4%
Free Cash Flow

-$3.11M

Previous: -$303K-925.1%
Net Income

$2.44M

Previous: $3.16M-22.6%
Operating Income

$3.1M

Previous: $3.94M-21.4%
Gross Profit

$19.5M

Previous: $21.4M-9.2%
Cash & Equivalents

$25.8M

Previous: $15.7M+64.2%
Total Assets

$201M

Previous: $196M+2.6%
Stock-Based Comp

$195K

Previous: $164K+18.9%

Revenue & EPS history

Rocky Brands · Revenue · Quarterly

$56.2M

Q2 2020-9.3%vs Q2 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Rocky Brands · $106M total across 3 segments · Q2 2025

  • Wholesale
    $73.1M
  • Retail
    $29.7M
  • Contract Manufacturing
    $2.81M

Forward guidance

Company is confident that its business model and balance sheet have Rocky Brands well positioned to navigate the current headwinds and emerge from the pandemic poised for long-term success.

Tailwinds

  • Business exhibited increasing strength as the quarter progressed despite the ongoing challenges created by COVID-19.
  • Strengthening brands and product lines.
  • Enhancing marketing programs.
  • Building out digital capabilities.
  • Strong relationships with key wholesale accounts helped weather the slowdown at brick and mortar retail.

Headwinds

  • Ongoing challenges created by COVID-19.
  • Uncertainty about the ultimate impact that COVID-19 will have on the industry.
  • Uncertainty about the ultimate impact that COVID-19 will have on the overall economy.
  • Decline in wholesale sales.
  • Decline in military sales.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+3.0%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+6.7%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+53.3%

Q1 2025

Best reaction

-26.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+0.4%+3.1%+2.6%
Q4 2025+37.8%+35.3%+13.2%
Q3 2025-2.0%-4.7%+1.5%
Q1 2025+53.3%+34.6%+63.1%
Q4 2024-10.9%-19.6%-25.4%
Q3 2024-26.6%-25.1%-21.7%
Q2 2024-2.8%-16.7%-10.7%
Q1 2024+22.2%+29.7%+37.4%
Q4 2023-18.4%-14.4%-11.3%
Q3 2023+47.5%+78.8%+135.2%
Q2 2023+2.4%+1.6%-11.7%
Q1 2023-26.6%-26.7%-33.6%
Q4 2022+1.4%-2.2%-15.9%
Q3 2022+11.4%+14.5%+42.3%
Q2 2022-15.7%-18.0%-23.5%
Q1 2022+1.9%-5.5%-4.8%
Q4 2021+23.2%+19.5%+7.9%
Q3 2021-23.2%-24.8%-38.1%
Q2 2021-14.0%-7.9%-15.0%
Q1 2021+13.5%+18.9%-0.7%
Q4 2020+13.6%+35.2%+39.8%
Q3 2020+4.5%+11.1%+27.1%
Q2 2020+49.7%+27.3%+30.2%
Q1 2020+4.0%-6.5%+1.6%
Q4 2019+5.6%-1.4%-24.3%
Q3 2019-13.6%-13.3%-15.4%
Q2 2019+4.8%+9.0%-2.7%
Q1 2019+7.5%+5.9%+6.0%
Q4 2018+5.3%+8.5%-12.4%
Q3 2018+3.0%+7.8%-0.9%
Q2 2018+22.0%+15.3%+13.8%
Q1 2018+6.2%+10.0%+21.6%
Q4 2017+9.4%+12.1%+25.2%
Q3 2017+1.4%+24.9%+34.4%
Q2 2017+13.4%+10.6%+6.3%
Q1 2017+10.6%+27.2%+27.6%
Q4 2016-0.9%+1.8%-2.2%
Q3 2016+2.9%+4.4%+8.7%
Q2 2016-9.1%-12.9%-13.8%
Q1 2016-11.6%
Q4 2015-6.2%
Q3 2015-15.8%
Q2 2015-10.6%
Q1 2015+0.6%
Q4 2014+29.4%
Q3 2014-1.7%
Q2 2014+4.0%
Q1 2014-0.8%
Q4 2013+0.5%
Q3 2013-21.2%
Q2 2013+13.6%
Q1 2013+3.3%
Q4 2012-10.0%
Q3 2012-1.5%
Q2 2012-10.6%
Q1 2011+3.1%
Q1 2012+1.9%
Q4 2011-0.8%
Q3 2010-2.0%
Q3 2011-2.0%
Q4 2009+3.4%
Q2 2010+3.4%
Q2 2011+3.4%
Q4 2010+3.4%
Q1 2010+3.6%

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