NASDAQ$RCKY
Rocky Brands Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported improved profitability driven by enhanced distribution, reduced expenses, and debt paydown.
Rocky Brands reported a decrease in net sales by 14.8% to $125.6 million, but experienced a 22.8% increase in operating income to $14.3 million and a 20.0% increase in net income to $6.8 million, or $0.93 per diluted share, due to improved retailer inventory positions and consumer demand.
- Net sales decreased by 14.8% to $125.6 million.
- Gross margin increased by 180 basis points to 37.0%.
- Operating income increased by 22.8% to $14.3 million.
- Net income increased by 20.0% to $6.8 million, or $0.93 per diluted share.
Headline financials
Revenue & EPS history
Rocky Brands · Revenue · Quarterly
$126M
Revenue by segment
Rocky Brands · $126M total across 3 segments · Q3 2023
- Wholesale$99.7M-17.4%79.4%
- Retail$24.5M+4.7%19.5%
- Contract Manufacturing$1.4M-57.6%1.1%
Forward guidance
Company believes they are well positioned to improve on recent trends in the fourth quarter and begin 2024 with an improved balance sheet and good momentum across our business.
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 2023
+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
| Quarter | Report date | Reaction (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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