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Sep 30, 2020
Rocky Brands Q3 2020 Earnings Report
Net sales and diluted earnings per share increased.
Key Takeaways
Rocky Brands, Inc. reported a strong third quarter with a 15.8% increase in net sales to $77.8 million and a 38.7% increase in diluted earnings per share to $1.04, driven by wholesale and retail growth.
Net sales for the third quarter increased by 15.8% to $77.8 million compared to the same period last year.
Wholesale sales increased 19.3% to $56.3 million.
Retail sales increased 11.4% to $16.1 million.
Third quarter diluted earnings per share increased 38.7% to $1.04.
Revenue by Segment
Forward Guidance
The company is on track for a solid finish to the year and anticipates being well-positioned financially to continue investing in future growth.
Positive Outlook
- Strong consumer appeal of current footwear offering
- Importance of brands to retail partners
- More efficient organization
- Currently on track for a solid finish to the year
- Confident that they’ll emerge from this pandemic well positioned financially to continue investing in future growth.
Challenges Ahead
- Uncertainties around the near and long-term impact that COVID-19 will have on our industry
- Uncertainties around the near and long-term impact that COVID-19 will have on the overall economy
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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