Rocky Brands (NASDAQ: RCKY) reported Q1 EPS of ($0.03), $0.17 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $57.5 million versus the consensus estimate of $64.39 million.

David Sharp, President and Chief Executive Officer, commented, “We are making solid progress executing our strategies aimed at further diversifying our business. Earlier this month we announced actor and musician Nick Jonas as brand ambassador of the Creative Recreation brand. We are confident this exciting partnership will advance Creative Recreations’ position as a leading fashion brand with both consumers and key retailers and positively impact demand for the product line. At the same time, we’ve been successful at expanding distribution for our burgeoning Euro-Comfort brand Rocky 4Eur Sole. Unfortunately the factors that impacted our core Work, Western and Hunting categories during the second half of last year, namely warm temperatures and the softening of local economies tied to oil & gas production, created an inventory overhang in our channels of distribution that impacted fill-in of our Georgia Boot, Rocky and Durango brands during the first quarter. Therefore, we’ll continue to shift more time and resources to support our opportunities in the casual and fashion segments of the market which we believe will help reduce our dependency on weather and drive long-term growth and increased shareholder value.”

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