Rocky Brands (RCKY) Tops Q2 EPS by 18c, Misses on Revenue

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Rocky Brands, Inc. Announces Second Quarter 2023 Results

August 1, 2023 4:05 PM EDT

 

NELSONVILLE, Ohio--(BUSINESS WIRE)-- Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its second quarter ended June 30, 2023.

Second Quarter 2023 Overview

Net sales decreased 38.4% to $99.8 million, or $101.4 million on an adjusted basis Wholesale segment sales decreased 45.5% Retail segment revenue decreased 3.6% Gross margin as a percentage of net sales increased 440 basis points to 37.6% Operating income was $2.2 million, or $5.7 million on an adjusted basis Net loss was $2.7 million, or $0.37 per diluted share Inventories... More