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Jun 30, 2021
Rocky Brands Q2 2021 Earnings Report
Reported record results with revenue increased by 134.2% and diluted earnings per share increased by 57.6%.
Key Takeaways
Rocky Brands, Inc. announced record second-quarter results, with net sales increasing by 134.2% to $131.6 million. Diluted earnings per share increased by 57.6% to $0.52, and adjusted diluted earnings per share increased by 120.0% to $0.99.
Net sales increased 134.2% to $131.6 million.
Wholesale segment sales increased 195.0%; Retail segment sales increased 36.8%.
Gross margin increased 280 basis points to 37.4%.
Net income increased 59.5% to $3.9 million, or $0.52 per diluted share.
Revenue by Segment
Forward Guidance
The company is well positioned to continue capitalizing on its current momentum and successfully integrating its recent acquisition to unlock even greater earnings power from its operating model in the years ahead.
Positive Outlook
- Innovative product introductions
- Enhanced consumer engagement
- Effective inventory management
- Fueling market share gains in work, western and outdoor markets
- Newest additions to brand portfolio are performing very well
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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