earnings
confidence high
sentiment neutral
materiality 0.75
Rocky Brands Q4 net sales fall 18% to $138.9M; full year sales up 19.7% to $615.5M
ROCKY BRANDS, INC.
2022-FY EPS reported
$2.78
revenue$615,475,000
- Q4 net sales $138.9M (-18% YoY); wholesale -26.6%, retail +40.8%.
- Q4 net income $6.5M (-48.1%), diluted EPS $0.89; adjusted EPS $1.08 vs $1.86.
- Full year net sales $615.5M (+19.7%); net income $20.5M flat; adjusted EPS $3.27 vs $4.39.
- Gross margin improved 350 bps to 40.8% in Q4 due to tariff refund and retail mix.
- Total debt $256.9M, down 4.9% YoY; inventory $235.4M, down from mid-year.