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.
Rocky Brands, Inc. (NASDAQ: RCKY) is a prominent global designer, manufacturer, and marketer of premium-quality footwear and apparel. Established in 1932, the company has expanded its reach to over 70 countries, with its global headquarters in Nelsonville, Ohio. The headquarters employs around 400 local residents, while the company boasts over 2,800 employees worldwide, including an office in Los Angeles, CA, and international facilities in Canada, China, Puerto Rico, and the Dominican Republic.
Rocky Brands, Inc. is renowned for its compelling family of brands which includes Rocky®, Georgia Boot®, Durango®, Lehigh Outfitters®, and Creative Recreation®. The company also markets the licensed brand Michelin footwear. With a strong emphasis on product innovation, targeted sponsorships, and social interaction with consumers, Rocky Brands aims to enhance consumer life experiences and foster lifetime loyalty.
The company operates through three primary business segments: Wholesale, Retail, and Contract, with the Wholesale segment generating the majority of its revenue. Rocky Brands' mission is to grow through innovative product development and strategic marketing initiatives, ensuring the provision of premium products that meet the evolving needs of their diverse customer base.
Recent achievements for Rocky Brands include the expansion of their product lines, enhanced global distribution capabilities, and strategic partnerships aimed at strengthening their market presence. The company continues to focus on financial health, operational efficiency, and sustainable growth to secure its position as a global leader in the industry.
Rocky Brands, Inc. (NASDAQ: RCKY) will announce its first-quarter financial results for the period ending March 31, 2023, on May 2, 2023, after market close. A conference call led by management is scheduled for the same day at 4:30 p.m. ET, where they will discuss the outcomes. Interested investors and analysts can join by calling (877) 704-4453 domestically or (201) 389-0920 internationally. The call will also be available via a live webcast on www.rockybrands.com. Furthermore, a replay of the call will be accessible until May 16, 2023, by calling (844) 512-2921 domestically or (412) 317-6671 internationally, using the conference ID: 13738389.
Rocky Brands is renowned for its premium footwear and apparel, featuring brands like Rocky®, Georgia Boot®, and Durango®.
Rocky Brands, Inc. (NASDAQ: RCKY) has announced the sale of its Servus brand to PQ Footwear, LLC, a subsidiary of Industrias PetroQuim, SA. This transaction closed on March 30, 2023, with the proceeds utilized to reduce debt. Rocky Brands had acquired Servus in March 2021 from Honeywell, focusing on safety-certified PVC and neoprene footwear. The terms of the sale were not disclosed. Rocky Brands is known for its premium quality footwear and apparel, featuring brands such as Rocky®, Georgia Boot®, and Durango®.
Rocky Brands, Inc. (NASDAQ: RCKY) reported its fourth quarter and year-end financial results for 2022. Q4 net sales decreased by 18.0% to $138.9 million, driven by a 26.6% drop in wholesale sales, while retail sales surged 40.8%. Operating income fell 25.2% to $13.6 million, and net income plummeted 48.1% to $6.5 million, or $0.89 per share. For the full year, net sales rose 19.7% to $615.5 million, with wholesale and retail sales climbing by 24.0% and 21.9%, respectively. However, adjusted net income decreased 26.0% to $24.1 million, or $3.27 per share. The company is cautious about near-term trends amidst macroeconomic uncertainty but remains optimistic about future growth.
Rocky Brands, Inc. (NASDAQ: RCKY) will announce its fourth quarter and full year 2022 financial results after the market closes on February 23, 2023. A conference call is scheduled for the same day at 4:30 p.m. ET, where management will discuss these results. Investors can join the call by calling (877) 704-4453 (domestic) or (201) 389-0920 (international), and it will also be streamed live on www.rockybrands.com. A replay will be available until March 9, 2023, by dialing (844) 512-2921 (domestic).
Rocky Brands, Inc. (NASDAQ: RCKY) has declared a quarterly cash dividend of
Rocky Brands, Inc. (NASDAQ: RCKY) announced the appointment of Sarah O’Connor as the new Senior Vice President, Chief Financial Officer, and Treasurer. With over 15 years of finance experience, O’Connor has a background in public retail and manufacturing organizations. Before joining Rocky Brands, she was Vice President of Financial Planning & Analysis at MedVet and held roles at Columbia Pipeline Group and L Brands. O’Connor will officially start in mid-March, succeeding Tom Robertson, who will become Chief Operating Officer. The leadership change aims to position Rocky Brands for future growth.
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