Rocky Brands, Inc.NASDAQ
Tue, Oct. 25, 4:18 PM
Fri, Oct. 21, 10:15 AM
- Data from NPD Group indicates that total U.S. footwear sales fell 5% Y/Y in September to $2.4B.
- Sales for women's footwear were down 7% during the month, with the fashion footwear category showing the most weakness. Warmer weather may have delayed some boot buying.
- Coupled with a weak earnings report from Skechers (SKX -17.7%), the broad footwear sector is tracking lower.
- Notable decliners include Rocky Brands (RCKY -3.7%), Weyco Group (WEYS -2.2%), Crocs (CROX -2%), Stephen Madden (SHOO -2.2%), Foot Locker (FL -1.2%), Finish Line (FINL -2.1%), Boot Barn (BOOT -3%), Shoe Carnival (SCVL -0.7%), DSW (DSW -1.5%), and Deckers Outdoor (DECK -3.9%).
- Previously: Skechers skids after earnings disappoint (Oct. 20)
Thu, Oct. 20, 4:17 PM
- Rocky Brands (RCKY +9.5%) announced it has received an order to produce combat boots for the U.S. Military.
- The contract is for one year and includes four additional one year options.
- Under the terms of the agreement, the maximum amount of boots shipped per year cannot exceed approximately $20M with an expected annual amount of approximately $16M.
- The company expects to begin fulfilling the order in the first half of 2017.
- The contract was reported on earlier based on information from the DOD website.
- Previously: Rocky Brands soars after landing DOD contract (Oct. 20)
- Source: Press Release
Thu, Oct. 20, 2:40 PM
- The U.S. Department of Defense announces that Rocky Brands (RCKY +13.1%) was awarded a maximum $101,915,091 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for hot weather combat boots.
- The dollar amount quoted is the maximum value for the lifetime of the contract (one year base + four one-year options).
- DOD press release
Thu, Sep. 8, 4:19 PM
Fri, Aug. 19, 11:14 AM
- Foot Locker (FL +10%) rips higher after posting strong sales growth. The company cited strength in basketball, running, and classic footwear during the quarter.
- Under Armour (NYSE:UA) is up 1.6% and Nike (NYSE:NKE) is 2.7% higher off the strong read on athletic shoe sales.
- Other notable gainers include Skechers (SKX +1%), Wolverine World Wide (WWW +3.4%), Rocky Brands (RCKY +1.5%), Steven Madden (SHOO +1.4%), Caleres (CAL +1%), and Crocs (CROX +1%) -- all ahead of broad market averages.
- An underlying theme continuing to emerge in the shoe sector is that discretionary spending by millennials on the category is stronger than what is being seen in other areas of retail. Also of note, the millennial group has shown loyalty to power brands.
- Previously: Foot Locker beats by $0.04, beats on revenue (Aug. 19)
- Previously: Foot Locker higher on earnings beat and positive comp (Aug. 19)
Wed, Aug. 17, 4:48 PM
- Rocky Brands (NASDAQ:RCKY) says it will seek to find operational and cost efficiencies as it moves forward amid a challenging retail environment.
- A cut by the company of its U.S. work force is expected to lead to approximately $3M in reduced annualized operating expenses once the plan is fully implemented.
- Management also wants to designate more resources to support growth in the lifestyle segment in order to help reduce the dependence on optimal weather.
- “Our total focus at this time is on maximizing earnings and laying the groundwork for more consistent profitability in future years,” said CEO David Sharp.
- The board plans to make strategic stock repurchases as well.
- Source: Press Release
Tue, Aug. 16, 4:26 PM
Fri, Jul. 29, 12:00 PM
Thu, Jul. 28, 4:22 PM
Wed, May 18, 4:27 PM
Fri, Apr. 22, 12:46 PM
Thu, Apr. 21, 4:07 PM
- Rocky Brands (NASDAQ:RCKY): Q1 EPS of -$0.03 misses by $0.17.
- Revenue of $57.53M (-12.1% Y/Y) misses by $6.86M.
Wed, Feb. 17, 4:25 PM
- Rocky Brands (NASDAQ:RCKY) declares $0.11/share quarterly dividend, in line with previous.
- Forward yield 3.76%
- Payable March 10; for shareholders of record Feb. 29; ex-div Feb. 25.
Thu, Feb. 11, 4:08 PM
- Rocky Brands (NASDAQ:RCKY): Q4 EPS of $0.18 misses by $0.18.
- Revenue of $65.27M (-17.3% Y/Y) misses by $5.65M.
Fri, Jan. 22, 7:37 AM