Quarterly ResultApr 28, 2026, 04:18 PM
RCKY Q1 Sales +9.1% to $124.4M; Net Income -74.5% to $1.3M
AI Summary
Rocky Brands, Inc. reported a 9.1% increase in net sales to $124.4 million for the first quarter of 2026, driven by strong performance in its Retail segment and brands like XTRATUF and Muck. However, net income significantly decreased by 74.5% to $1.3 million, or $0.17 per diluted share, primarily due to a $7.1 million increase in tariff-related sourcing variances. The company anticipates gross margins to improve to the low 40 percent range and profitability to increase in the second half of the year as tariff impacts lessen.
Key Highlights
- Net sales increased 9.1% to $124.4 million in Q1 2026.
- Net income decreased 74.5% to $1.3 million, or $0.17 per diluted share.
- Gross margin decreased 470-basis points to 36.5% of net sales.
- Retail segment sales increased 16.5% to $42.7 million.
- Wholesale segment sales increased 4.8% to $78.4 million.
- Inventories decreased 1.6% to $172.6 million as of March 31, 2026.
- Total debt decreased 5.0% to $122.2 million as of March 31, 2026.