NASDAQ$RCKY
Rocky Brands Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter results with a decrease in net sales but an increase in retail sales and gross margin.
Rocky Brands reported a decrease in net sales by 8.8% to $114.6 million, while retail sales increased by 9.2%. The gross margin improved to 38.1%. Net income was reported at $5.3 million, or $0.70 per diluted share.
- Net sales decreased by 8.8% to $114.6 million.
- Retail sales increased by 9.2%.
- Gross margin improved to 38.1%.
- Net income was $5.3 million, or $0.70 per diluted share.
Headline financials
Revenue & EPS history
Rocky Brands · Revenue · Quarterly
$115M
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
The company believes that the softness in consumer spending is transitory and that recent brand and marketing investments, along with an improved capital structure, have the Company well positioned to drive sustainable, profitable growth and long-term shareholder value.
Tailwinds
- Underlying strength of the business remains intact
- Benefits of multi-brand, multi-channel model evident
- Double digit sales growth in Durango brand
- Double digit sales growth in Lehigh CustomFit safety footwear platform
- Improved capital structure
Headwinds
- Cautious consumer spending outside of peak shopping periods
- Warm, dry weather acted as headwinds
- Wholesale declines primarily within work, outdoor and commercial military categories
- Net sales decreased 8.8% compared to Q3 2023
- Income from operations decreased from $14.3 million to $10.1 million
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 2024
+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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