secwatch.observer — SEC 8-K summary
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Issuer:     ROCKY BRANDS, INC. (RCKY)
CIK:        0000895456
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001437749-23-021403
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocky Brands Q2 2023 net sales down 38.4% to $99.8M; net loss $2.7M
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- Wholesale segment sales fell 45.5% to $71.5M; Retail down 3.6% to $25.1M.
- Gross margin improved 440 bps to 37.6% on pricing actions and lower logistics costs.
- Operating income was $2.2M ($5.7M adjusted); net loss $0.37 diluted per share.
- Total debt reduced 22.1% YoY to $221.7M; inventories down 24.1% to $218.3M.
- Interest expense rose to $5.6M from $4.3M due to higher rates on credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895456/000143774923021403/0001437749-23-021403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895456/000143774923021403/rcky20230608_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021403

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