Welcome to our dedicated page for Rocky Brands news (Ticker: RCKY), a resource for investors and traders seeking the latest updates and insights on Rocky Brands stock.
Company Overview
Rocky Brands Inc is a globally recognized designer, manufacturer, and marketer of premium footwear and apparel. With a rich heritage and a diversified portfolio of brands, the company is deeply embedded in the premium footwear and apparel industry, emphasizing product innovation and consumer engagement. Its operations span multiple continents, seamlessly integrating traditional craftsmanship with modern design advancements. The focus on quality and authenticity allows the company to serve a broad range of consumers who value durability, style, and functionality.
Business Segments and Operational Excellence
Rocky Brands Inc operates through several key business segments, including Wholesale, Retail, and Contract. The Wholesale segment is pivotal, generating the majority of the company's revenue by supplying premium footwear and apparel to a diverse network of retail partners globally. Alongside, the Retail and Contract segments further extend the company's market reach by engaging directly with consumers and forging strategic partnerships that allow for tailored product offerings. This multifaceted approach to sales and distribution underscores the company’s ability to adapt to varying market dynamics and consumer demands.
Brand Portfolio and Market Position
The company's brand portfolio features a range of esteemed names that cater to different lifestyle segments and consumer preferences. Each brand is carefully positioned to offer distinct value propositions, from rugged and durable workwear to stylish, everyday footwear solutions. This diverse portfolio not only ensures a broad market appeal but also reinforces the company’s commitment to quality and innovation. By consistently evolving its product lines and embracing new design methodologies, Rocky Brands Inc has cemented its reputation as a trusted name in the premium footwear and apparel space.
Global Reach and Strategic Presence
Headquartered in a scenic town, with an operational footprint that spans across multiple countries, Rocky Brands Inc leverages its international presence to distribute its products to over 70 countries. The company’s global infrastructure, which includes manufacturing facilities and sales offices across key regions, supports its commitment to delivering high-quality products worldwide. This international network is critical in maintaining the brand's image of excellence and facilitating efficient market penetration in both established and emerging markets.
Product Innovation and Consumer Engagement
At the heart of Rocky Brands Inc lies a dedication to product innovation. The company invests substantially in research and design to ensure that every collection of footwear and apparel meets the evolving needs of its consumers. By integrating social interaction and targeted sponsorships, the company creates a dynamic relationship with its audience, fostering lifelong loyalty. The emphasis on innovation is reflective of a broader strategy to enhance consumer experiences and solidify the brand’s position in the competitive landscape of premium lifestyle products.
Competitive Landscape and Industry Significance
In the competitive arena of premium footwear and apparel, Rocky Brands Inc distinguishes itself through an unwavering commitment to quality and a strategic approach to global distribution. The company navigates complex market dynamics by continuously updating its product offerings, optimizing its distribution channels, and nurturing a robust brand identity. Such a comprehensive operational model not only fortifies its market presence but also demonstrates a nuanced understanding of both consumer behavior and industry trends.
Conclusion
The extensive operations, diverse brand portfolio, and emphasis on innovation collectively portray Rocky Brands Inc as a resilient and adaptive player in the premium footwear and apparel industry. With a focus on delivering quality products and engaging meaningfully with consumers, the company remains a pivotal entity in a competitive global market, offering detailed insights into its business model and strategic market positioning for those seeking a deeper understanding of its operations.
Rocky Brands (NASDAQ: RCKY) reported Q4 2024 results with net sales increasing 1.7% to $128.1 million and gross margin rising 120 basis points to 41.5%. The quarter saw strong performance in Durango and XTRATUF brands, particularly in direct-to-consumer channels.
Q4 highlights include adjusted net income of $8.9 million ($1.19 per diluted share), up 22.7% from $7.3 million ($0.98 per diluted share) in Q4 2023. The company recorded a $4.0 million trademark impairment charge for The Original Muck Boot Company® brand.
For full-year 2024, net sales decreased 1.7% to $453.8 million, while gross margin improved to 39.4%. Total debt decreased 25.7% year-over-year to $128.7 million. The Board authorized a new $7.5 million share repurchase program.
Rocky Brands (NASDAQ: RCKY) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 25, 2025. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results.
Investors and analysts can participate by dialing (877) 704-4453 (domestic) or (201) 389-0920 (international). The call will also be available via webcast at rockybrands.com. A telephone replay will be accessible until March 11, 2025.
Rocky Brands is a leading designer, manufacturer, and marketer of premium footwear and apparel, with brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®.
Rocky Brands (NASDAQ: RCKY), a leading designer, manufacturer, and marketer of premium footwear and apparel, has announced its board of directors' declaration of a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on March 17, 2025, to shareholders of record as of March 3, 2025.
The company operates under well-recognized brand names including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®. Future dividend payments and record dates remain subject to quarterly board determination.
Rocky Brands Inc (NASDAQ: RCKY) has announced its participation in the 2025 ICR Conference. The company's management team will conduct a fireside chat presentation on Monday, January 13, 2025, at 1:30 p.m. Eastern Time. The presentation will be accessible via live webcast on the company's investor relations website.
Rocky Brands operates as a leading designer, manufacturer, and marketer of premium footwear and apparel. The company manages a diverse portfolio of recognized brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®.
Rocky Brands (RCKY) has announced a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on December 17, 2024 to shareholders of record as of the close of business on December 3, 2024. The company, which designs, manufactures, and markets premium footwear and apparel under brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®, notes that future dividends are subject to quarterly board determination.
Rocky Brands (NASDAQ: RCKY) reported Q3 2024 financial results with net sales decreasing 8.8% to $114.6 million. Gross margin improved 110 basis points to 38.1%. Net income was $5.3 million, or $0.70 per diluted share, compared to $6.8 million, or $0.93 per diluted share in Q3 2023. Durango brand and Lehigh CustomFit safety footwear showed double-digit growth, partially offsetting wholesale declines. The company reduced inventory by 11.8% and total debt by 29.7% year-over-year. Operating income was $10.1 million compared to $14.3 million in the year-ago quarter.
Rocky Brands (NASDAQ: RCKY) announced it will release its third quarter 2024 financial results on October 30, 2024, after market close. Management will host a conference call at 4:30 p.m. ET the same day to discuss the results. The call will be accessible via phone and webcast through rockybrands.com. Rocky Brands is a leading designer, manufacturer and marketer of premium footwear and apparel under brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®.
Rocky Brands, Inc. (NASDAQ: RCKY) has announced a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on September 17, 2024 to shareholders of record as of the close of business on September 3, 2024. Rocky Brands is a leading designer, manufacturer, and marketer of premium quality footwear and apparel, with a portfolio of well-recognized brand names including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®.
The company's board of directors will determine future dividends, record dates, and payment dates on a quarterly basis. This announcement demonstrates Rocky Brands' commitment to providing value to its shareholders through regular dividend payments.
Rocky Brands, Inc. (NASDAQ: RCKY) reported Q2 2024 financial results with net sales of $98.3 million, a 1.6% decrease from the previous year. However, excluding non-recurring sales, net sales increased by 6.1%. The company reported a net loss of $1.2 million, or $0.17 per diluted share, compared to a net loss of $2.7 million in Q2 2023. Adjusted net income was $1.3 million, or $0.17 per diluted share.
Key highlights include:
- Operating income increased 104.7% to $4.5 million
- Inventories decreased 20.0% year-over-year
- Total debt decreased 31.3% year-over-year
- Strong double-digit sales gains for Durango and XTRATUF brands
- Debt refinancing expected to generate $4.4 million in annualized savings beginning in 2025
Rocky Brands, Inc. (NASDAQ: RCKY) has announced it will release its second quarter 2024 financial results on July 30, 2024, after market close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. Investors and analysts can participate by dialing (877) 704-4453 (domestic) or (201) 389-0920 (international). A live webcast will be available at www.rockybrands.com.
Rocky Brands is a leading designer, manufacturer, and marketer of premium footwear and apparel. Its brand portfolio includes Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®. The company's financial results for the quarter ended June 30, 2024, will provide insights into its performance and market position.
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