NASDAQ$RCKY

Rocky Brands Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a decrease in net sales due to challenges in the Wholesale segment, partially offset by gains in direct channels.

Rocky Brands reported a decrease in net sales for the fourth quarter of 2022, primarily due to challenges in the Wholesale segment. However, strong gains in direct channels helped to partially offset these challenges. The company is confident in its foundation for driving profitable growth and enhancing shareholder value over the long term.

  • Net sales decreased by 18.0% to $138.9 million.
  • Wholesale segment sales decreased by 26.6%.
  • Retail segment sales increased by 40.8%.
  • Net income was reported at $6.5 million, or $0.89 per diluted share.

Headline financials

Total Revenue

$139M

Previous: $169M-18.0%
EPS (adj)

$1.08

Previous: $1.86-41.9%
Gross Margin

40.8%

No prior period
Capital Expenditures

$1.03M

Previous: $5.2M-80.3%
Free Cash Flow

$27.4M

Previous: -$31.6M+186.8%
Net Income

$6.5M

Previous: $12.5M-48.0%
Operating Income

$13.6M

Previous: $18.2M-25.3%
Gross Profit

$56.7M

Previous: $63.3M-10.4%
Cash & Equivalents

$5.7M

Previous: $5.9M-3.4%
Total Assets

$639M

Previous: $699M-8.7%
Stock-Based Comp

$529K

Previous: $330K+60.3%

Revenue & EPS history

Rocky Brands · Revenue · Quarterly

$139M

Q4 2022-18%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Rocky Brands · $136M total across 2 segments · Q4 2022

  • Wholesale
    $98.9M-26.6%
  • Retail
    $37.3M+40.8%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q4 2022

Historical avgQ4 2022

+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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