NASDAQ$RCKY

Rocky Brands Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Net sales and diluted earnings per share increased.

Rocky Brands, Inc. reported a strong third quarter with a 15.8% increase in net sales to $77.8 million and a 38.7% increase in diluted earnings per share to $1.04, driven by wholesale and retail growth.

  • Net sales for the third quarter increased by 15.8% to $77.8 million compared to the same period last year.
  • Wholesale sales increased 19.3% to $56.3 million.
  • Retail sales increased 11.4% to $16.1 million.
  • Third quarter diluted earnings per share increased 38.7% to $1.04.

Headline financials

Total Revenue

$77.8M

Previous: $67.2M+15.8%
EPS (adj)

$1.04

Previous: $0.68+52.9%
Gross Margin

38.4%

No prior period
Capital Expenditures

-$8.62M

Previous: -$6.05M-42.4%
Free Cash Flow

-$1.01M

Previous: -$438K-129.9%
Net Income

$7.61M

Previous: $5.62M+35.5%
Operating Income

$9.66M

Previous: $6.99M+38.2%
Gross Profit

$29.8M

Previous: $25M+19.3%
Cash & Equivalents

$19.9M

Previous: $6.44M+209.7%
Total Assets

$217M

Previous: $202M+7.2%
Stock-Based Comp

$189K

Previous: $164K+15.2%

Revenue & EPS history

Rocky Brands · Revenue · Quarterly

$77.8M

Q3 2020+15.8%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Rocky Brands · $72.4M total across 2 segments · Q3 2020

  • Wholesale
    $56.3M+19.3%
  • Retail
    $16.1M+11.0%

Forward guidance

The company is on track for a solid finish to the year and anticipates being well-positioned financially to continue investing in future growth.

Tailwinds

  • Strong consumer appeal of current footwear offering
  • Importance of brands to retail partners
  • More efficient organization
  • Currently on track for a solid finish to the year
  • Confident that they’ll emerge from this pandemic well positioned financially to continue investing in future growth.

Headwinds

  • Uncertainties around the near and long-term impact that COVID-19 will have on our industry
  • Uncertainties around the near and long-term impact that COVID-19 will have on the overall economy

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 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
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%
Q2 2011+3.4%
Q2 2010+3.4%
Q4 2009+3.4%
Q4 2010+3.4%
Q1 2010+3.6%

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