Rocky Brands Q2 EPS Triples to $1.90, Crushing Estimates on Tariff Refunds
RCKY has more than doubled off its 52-week low of $22.61.
Summary
Rocky Brands delivered a massive Q2 beat, with adjusted EPS of $1.90 versus the $0.35 consensus — more than triple the estimate. Sales rose 12% to $118.4M, also above expectations. The surge was fueled by IEEPA tariff refunds that slashed cost of goods sold, reversing the tariff headwinds that crushed Q1 profits. Double-digit growth across key brands like XTRATUF and Georgia Boot, plus strong direct-to-consumer sales, signal broad demand. Management cited robust wholesale bookings, pointing to sustained momentum in the second half. This follows a grim Q1 where net income plunged 74.5% on tariff costs — the refunds mark a sharp reversal. The stock is trading near its 52-week high, and with a forward P/E of 11, the beat could drive further re-rating if tariff relief proves durable.
At the time of this announcement, RCKY was trading at $48.66 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $322.2M. The 52-week trading range was $22.61 to $48.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.