Rocky Brands Full Year 2023 Earnings: EPS: US$1.42 (vs US$2.80 in FY 2022)
Rocky Brands (NASDAQ:RCKY) Full Year 2023 Results
Key Financial Results
Revenue: US$461.8m (down 25% from FY 2022).
Net income: US$10.4m (down 49% from FY 2022).
Profit margin: 2.3% (down from 3.3% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$1.42 (down from US$2.80 in FY 2022).
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 stay flat during the next 2 years compared to a 7.0% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's shares are down 16% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Rocky Brands (2 don't sit too well with us!) that you need to be mindful of.
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