Rocky Brands Third Quarter 2024 Earnings: EPS: US$0.71 (vs US$0.93 in 3Q 2023)

Rocky Brands (NASDAQ:RCKY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$114.6m (down 8.8% from 3Q 2023).
• Net income: US$5.28m (down 23% from 3Q 2023).
• Profit margin: 4.6% (down from 5.4% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.71 (down from US$0.93 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rocky Brands Earnings Insights

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Rocky Brands that you should be aware of before investing here.

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