Rocky Brands Q2 profit beats on tariff refunds, strong demand
RCKY•Outlook for the second half
- Company expects strong wholesale segment momentum in the second half of yr due to Q2 bookings
- Rocky Brands sees robust selling across channels, with strength in direct-to-consumer websites
Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the footwear peer group is "buy"
- Wall Street's median 12-month price target for Rocky Brands Inc is $53.00, about 27.6% above its July 27 closing price of $41.54
- The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Quarterly results beat estimates
- Footwear and apparel maker's Q2 net sales rose 12% year-over-year
- Adjusted EPS for Q2 more than tripled from a year ago
- Earnings improvement driven by IEEPA tariff refunds lowering cost of goods sold
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $118.40 mln | $110.10 mln (2 Analysts) |
| Q2 Adjusted EPS | Beat | $1.90 | $0.35 (2 Analysts) |
| Q2 EPS |
