Rocky Brands, Inc. (RCKY) Misses Q3 EPS by 12c

Rocky Brands, Inc. (NASDAQ: RCKY) reported Q3 EPS of $0.42, $0.12 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $72.7 million versus the consensus estimate of $82.72 million.

David Sharp, President and Chief Executive Officer, commented, “Following a strong first half of the year, our sales growth moderated during the third quarter. We believe consumer interest in our innovative product lines remains high; however, sell-through was hampered by a warm, dry September across much of the U.S. In addition, our wholesale dealers are now buying closer to their need which is shifting sales for our insulated and waterproof cold weather boots into the fourth quarter. With regard to Creative Recreation, we experienced improved results as the business has started to benefit from the supply chain initiatives we’ve implemented over the past several months and we are optimistic the brand will contribute to profitability in the near future. We remain confident that our diversified brand portfolio, innovative product strategies and multi-channel distribution will drive consistent growth and increased shareholder value over the long-term.”

For earnings history and earnings-related data on Rocky Brands, Inc. (RCKY) click here.

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