---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012088"
form_type: "8-K"
ticker: "RCKY"
cik: "0000895456"
company_name: "ROCKY BRANDS, INC."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:24:47.825570+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rocky Brands Q1 net sales down 33.9% to $110.4M; net loss $0.4M; SVP resigns

## Summary
- Net sales fell 33.9% YoY to $110.4M; wholesale down 40.2%, retail up 3.1%.
- Net loss of $0.4M ($0.05 diluted loss); adjusted net loss $0.8M ($0.12 loss).
- Gross margin improved 200 bps to 39.6%; operating income $4.2M ($4.9M adjusted).
- SVP Richard Simms resigned effective April 27; separation treated as termination without cause.
- Total debt down 17.9% YoY to $219.8M; inventories down 22.5% to $224.1M.

## SEC filing metadata
- accession: 0001437749-23-012088
- form_type: 8-K
- ticker: RCKY
- cik: 0000895456
- company_name: ROCKY BRANDS, INC.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/rcky20230329_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012088
- JSON: https://secwatch.observer/filing/0001437749-23-012088.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012088.txt

## Key facts
- Earnings Releases
  ROCKY BRANDS, INC. reported first quarter ended March 31, 2023 results: revenue $110.4 million, net income $0.4 million, EPS $(0.05) per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $110.4 million
  - Net income: $0.4 million
  - EPS: $(0.05) per diluted share
  - Result: reported results
  source text: Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its first quarter ended March 31, 2023. First Quarter 2023 Overview ● Net sales decreased 33.9% to $110.4 million ● Wholesale segment sales decreased 40.2% ● Retail segment revenue increased 3.1% ● Gross margin increased 200 basis points to 39.6% ● Operating income was $4.2 million, or $4.9 million on an adjusted basis ● Net loss was $0.4 million, or $(0.05) per diluted share ● Inventories decreased 22.5% year-over-year ● Total debt at March 31, 2023 was down 17.9% compared with March 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm
- Executive change
  Richard A. Simms resigned as Senior Vice President of IT, Customer Service and Operational Excellence at ROCKY BRANDS, INC..
  - Action: resigned
  - Role: Senior Vice President of IT, Customer Service and Operational Excellence
  source text: On April 27, 2023, Richard A. Simms resigned from his position with the Company as Senior Vice President of IT, Customer Service and Operational Excellence, effective April 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.