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Stock impact report

Rocky Brands, Inc. Announces Third Quarter 2024 Results

Rocky Brands, Inc. (RCKY) 
Last rocky brands, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: rockybrands.com/investors
Company Research Source: Business Wire
NELSONVILLE, Ohio--(BUSINESS WIRE)--Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its third quarter ended September 30, 2024.Third Quarter 2024 OverviewNet sales decreased 8.8% to $114.6 million versus the year-ago quarter, or 2.4%, excluding certain non-recurring sales from the year-ago quarterGross margin increased 110 basis points to 38.1% compared to 37.0% in the year-ago quarterOperating income was $10.1 million as compared to $14.3 million in the year-ago quarterNet income was $5.3 million, or $0.70 per diluted share, as compared to $6.8 million, or $0.93 per diluted share, for the year-ago quarterAdjusted net income was $5.8 million, or $0.77 per diluted share, as compared to $8.0 million, or $1.09 per diluted share, for the year-ago quarterInventories at September 30, 2024 decreased 11.8% year-over-yearTotal debt at September 30, 2024 decreased 29.7% year-over-year"While cautious consumer spending outside of peak shopping periods and warm, dry wea Show less Read more
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