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) has declared a quarterly cash dividend of $0.155 per share, set to be paid on December 16, 2021. Shareholders on record by the close of business on December 2, 2021, will receive this dividend. The board will evaluate future dividends and payment schedules quarterly. Rocky Brands is a prominent footwear and apparel manufacturer with well-known brands including Rocky, Georgia Boot, and Durango.
Rocky Brands, Inc. (NASDAQ: RCKY) reported a 61.4% increase in net sales to $125.5 million for Q3 2021, driven by strong wholesale and retail performance. However, the company faced temporary fulfillment challenges due to supply chain issues, resulting in a net loss of $(0.4) million or $(0.05) per diluted share. Adjusted net income was $2.5 million, or $0.34 per diluted share. Operating expenses surged to $44.2 million, 35.2% of net sales, largely due to acquisition-related costs. Inventory rose to $202.2 million as of September 30, 2021, reflecting the addition from the Boston Group acquisition.
Rocky Brands, Inc. (NASDAQ: RCKY) will report its third-quarter financial results for the period ending September 30, 2021, after market close on November 2, 2021. A conference call is scheduled for the same day at 4:30 p.m. ET, where management will discuss the results. Interested participants can join by dialing (877) 705-6003 for domestic calls or (201) 493-6725 for international calls. The call will also be available via a live webcast on their official website. A replay will be accessible until November 16, 2021.
Rocky Brands, Inc. (NASDAQ: RCKY) has announced a 10.7% increase in its quarterly dividend, raising it from $0.140 to $0.155 per share. This payment is scheduled for September 16, 2021, to shareholders of record as of September 2, 2021. The board of directors will continue to evaluate future dividends and payment dates. Rocky Brands is known for its premium quality footwear and apparel, operating well-recognized brands including Rocky®, Georgia Boot®, and The Original Muck Boot Company®.
Rocky Brands, Inc. (NASDAQ: RCKY) reported a remarkable 134.2% net sales increase to $131.6 million for Q2 2021, bolstered by a 195.0% jump in wholesale sales. Net income also rose 59.5% to $3.9 million, or $0.52 per diluted share. The company's gross margin improved by 280 basis points to 37.4%. Adjusted net income soared 129.0% to $7.4 million, or $0.99 per diluted share. The financial growth is attributed to strong demand across its brand portfolio, particularly from new acquisitions. However, operating expenses increased to $40.7 million, primarily due to expenses tied to the acquired brands.
Rocky Brands, Inc. (NASDAQ: RCKY) is set to release its second quarter financial results for the period ending June 30, 2021, after market close on August 3, 2021. Following this, a conference call will occur at 4:30 p.m. ET to discuss these results. Interested parties can join by dialing (877) 705-6003 for domestic calls or (201) 493-6725 internationally, or via a live webcast at www.rockybrands.com. A replay of the call will be available until August 17, 2021.
Rocky Brands is known for its premium quality footwear and apparel under various brands including Rocky®, Georgia Boot®, and The Original Muck Boot Company®.
Rocky Brands, Inc. (NASDAQ: RCKY) announced its management team's participation in the Baird 2021 Global Consumer, Technology & Services Conference. The fireside chat is scheduled for 8:30 am Eastern Time on June 10, 2021. Interested parties can access a live webcast of the presentation through Rocky Brands' investor relations page. Rocky Brands is recognized for designing and marketing high-quality footwear and apparel under brands such as Rocky®, Georgia Boot®, Durango®, and more. Further details are available at RockyBrands.com.
Rocky Brands, Inc. (NASDAQ: RCKY) has announced a leadership change as Jason Brooks is appointed Chairman of the Board, succeeding Mike Brooks, who will remain a Board member. Jason Brooks has been CEO since May 2017, while Mike Brooks has served in various leadership roles since 1991. Additionally, G. Courtney Haning has been appointed as the Board’s Lead Independent Director. This transition in governance aims to strengthen the company's leadership as it continues to market premium quality footwear and apparel under renowned brands.
Rocky Brands, Inc. (NASDAQ: RCKY) has declared a quarterly cash dividend of $0.14 per share, payable on June 16, 2021. Shareholders of record as of the close on June 2, 2021 will receive the dividend. Future dividend payments and record dates will depend on the quarterly decisions of the board of directors. Rocky Brands is recognized for its premium footwear and apparel, including brands like Rocky, Georgia Boot, and Durango.
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