secwatch.observer — SEC 8-K summary
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Issuer:     ROCKY BRANDS, INC. (RCKY)
CIK:        0000895456
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001437749-23-012088
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/0001437749-23-012088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895456/000143774923012088/rcky20230329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer