Rocky Brands (RCKY) Tops Q2 EPS by 14c

Rocky Brands (NASDAQ: RCKY) reported Q2 EPS of $0.35, $0.14 better than the analyst estimate of $0.21. Revenue for the quarter came in at $58.2 million versus the consensus estimate of $55.4 million.

Jason Brooks, President and Chief Executive Officer, commented, “We had an excellent second quarter highlighted by high-single digit growth in wholesale sales combined with continued strength in our retail division. Our focus on introducing innovative new products into the marketplace, supporting our retail partners with great service and enhancing our use of digital advertising is driving increased direct sales of Georgia Boot, Durango, and Rocky’s current offerings at higher gross margins. At the same time, our internal manufacturing capabilities are providing us with a great opportunity to expand our commercial military operations both in the U.S. and overseas. We are also encouraged with the ongoing success of Lehigh, our differentiated direct business-to-business model, which continues to grow through key account wins and increased participation and retention with existing accounts. Looking ahead, I’m confident that we have the right strategies and people in place to build on our recent accomplishments and deliver improved profitability and greater shareholder value for years to come.”

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

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