Rocky Brands (RCKY) Tops Q4 EPS by 4c, Revenues Beat

Rocky Brands (NASDAQ: RCKY) reported Q4 EPS of $0.48, $0.04 better than the analyst estimate of $0.44. Revenue for the quarter came in at $67.2 million versus the consensus estimate of $65.5 million.

• Company Reports Diluted Earnings Per Share of $0.48
• Retail Sales Increased 14.6% to $16.5 Million
• 2018 Year-End Cash and Cash Equivalents Increased 176% to $10.2 Million

Jason Brooks, President and Chief Executive Officer, commented, “Our fourth quarter sales performance was fueled by mid-teens growth of our retail segment as our Lehigh CustomFit program continues to gain traction with existing and new accounts. At the same time, our wholesale business posted a solid gain driven primarily by robust demand for our hunting and commercial military categories. The significant improvement in profitability for both the fourth quarter and full year demonstrates the progress we’ve made enhancing our gross margins through segment mix, increased manufacturing efficiencies and improved full priced selling combined with tightly managing operating expenses. Looking ahead, we see an opportunity to accelerate top-line growth by reinvesting a portion of our recent earnings in additional marketing support for our portfolio of authentic brands and differentiated direct business-to-business model. We believe we have the right strategies in place to build on our recent momentum and continue generating increased value for our shareholders over the long-term.”

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

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