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Dec 31, 2022
Rocky Brands Q4 2022 Earnings Report
Reported a decrease in net sales due to challenges in the Wholesale segment, partially offset by gains in direct channels.
Key Takeaways
Rocky Brands reported a decrease in net sales for the fourth quarter of 2022, primarily due to challenges in the Wholesale segment. However, strong gains in direct channels helped to partially offset these challenges. The company is confident in its foundation for driving profitable growth and enhancing shareholder value over the long term.
Net sales decreased by 18.0% to $138.9 million.
Wholesale segment sales decreased by 26.6%.
Retail segment sales increased by 40.8%.
Net income was reported at $6.5 million, or $0.89 per diluted share.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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