Revenue: As of FY2026 Q1, the actual value is USD 124.4 M.EPS: As of FY2026 Q1, the actual value is USD 0.17.EBIT: As of FY2026 Q1, the actual value is USD 5.669 M.<h4>Segment Revenue</h4><ul><li>Wholesale Segment Sales: Increased 4.8% to $78.4 million compared to $74.8 million in the first quarter of 2025. </li><li>Retail Segment Sales: Increased 16.5% to $42.7 million compared to $36.6 million in the first quarter of 2025. </li><li>Contract Manufacturing Segment Sales: Increased 25.0% to $3.3 million compared to $2.6 million in the first quarter of 2025. </li></ul><h4>Operational Metrics</h4><ul><li>Gross Margin: The gross margin for Q1 2026 was $45.4 million, or 36.5% of net sales, which is a decrease of 470-basis points compared to $47.0 million, or 41.2% of net sales, in Q1 2025. This decrease was primarily due to an increase in sourcing variances, mainly tariff-related costs of approximately $7.1 million in Q1 2026. </li><li>Operating Expenses: Operating expenses were $41.8 million, or 33.6% of net sales, for Q1 2026, compared to $38.3 million, or 33.6% of net sales, for Q1 2025. Adjusted operating expenses, excluding $0.7 million of acquisition-related amortization in both periods, were $41.1 million (33.0% of net sales) in Q1 2026 and $37.6 million (33.0% of net sales) in Q1 2025. </li><li>Income from Operations: Income from operations decreased 58.2% to $3.6 million, or 2.9% of net sales, in Q1 2026, compared to $8.7 million, or 7.6% of net sales, in Q1 2025. Adjusted income from operations was $4.3 million, or 3.5% of net sales, in Q1 2026, compared to $9.4 million, or 8.2% of net sales, a year ago. </li><li>Net Income: Net income decreased 74.5% to $1.3 million in Q1 2026, compared to $4.9 million in Q1 2025. Adjusted net income for Q1 2026 was $1.8 million, a decrease of 67.1% compared to $5.5 million in the year-ago period. </li><li>Interest Expense: Interest expense for Q1 2026 was $2.1 million, down from $2.4 million in the prior year period, driven by lower debt levels. </li></ul><h4>Unique Metrics</h4><ul><li>Cash and Cash Equivalents: Cash and cash equivalents stood at $1.7 million as of March 31, 2026, compared to $2.6 million as of March 31, 2025, and $2.9 million as of December 31, 2025. </li><li>Inventories: Inventories as of March 31, 2026, were $172.6 million, a decrease of 1.6% compared to $175.5 million on March 31, 2025, and down 4.7% compared to $181.1 million as of December 31, 2025. </li><li>Total Debt: Total debt, net of unamortized debt issuance costs of $1.6 million, was $122.2 million as of March 31, 2026, representing a 5.0% decrease from $128.6 million at March 31, 2025. This consisted of a $99.1 million senior term loan and $24.7 million of borrowings under the senior secured asset-backed credit facility. </li></ul><h4>Outlook</h4>The company anticipates that the impact from higher tariffs will begin to lessen in the second quarter. This, combined with current top-line trends, is expected to provide a clear path back to gross margins in the low 40 percent range. The company also projects an improvement in profitability over the second half of the year.

Rocky Brands | 8-K: FY2026 Q1 Revenue: USD 124.4 M