Rocky Brands Reports Modest Sales Growth, Net Income Rises
Rocky Brands Reports Modest Sales Growth, Net Income Rises

Rocky Brands Reports Modest Sales Growth, Net Income Rises

News summary

Rocky Brands reported a modest fourth-quarter sales increase of 1.7% to $128.1 million, aided by strong consumer demand for its Durango and XTRATUF brands, particularly in its direct-to-consumer channel. The company's gross margin improved significantly, rising 120 basis points to 41.5%, while total debt decreased by 25.7%, indicating enhanced financial stability. For the full year, Rocky Brands experienced a 1.7% decline in net sales but reported a 32.9% increase in adjusted net income, reaching $19.0 million. The company's chairman, Jason Brooks, highlighted the successful holiday season and optimistic outlook for 2025, despite ongoing macroeconomic uncertainties. Additionally, Rocky Brands announced a dividend payment that reflects a payout ratio deemed sustainable, although future earnings growth remains a concern due to a historical decline in EPS. Overall, the company maintains a cautious yet positive stance towards its growth opportunities and shareholder value enhancement.

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