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 3.635 M.<h4>Segment Revenue (Three Months Ended March 31)</h4><ul><li>Wholesale: Net sales were $78,391 thousand in 2026, an increase from $74,784 thousand in 2025, driven by increased demand and tariff-related price increases.</li><li>Retail: Net sales increased to $42,699 thousand in 2026 from $36,641 thousand in 2025, attributed to increases in owned e-commerce, Lehigh CustomFit business, and third-party marketplace net sales.</li><li>Contract Manufacturing: Net sales rose to $3,311 thousand in 2026 from $2,648 thousand in 2025, primarily due to increased sales to the U.S. Military.</li><li>Total Net Sales: Overall net sales increased to $124,401 thousand in 2026 from $114,073 thousand in 2025.</li></ul><h4>Gross Margin by Segment (Three Months Ended March 31)</h4><ul><li>Total Gross Margin: Decreased to $45,434 thousand (36.5% of net sales) in 2026 from $47,008 thousand (41.2% of net sales) in 2025, mainly due to higher tariff-related costs.</li><li>Wholesale Gross Margin: Was $26,960 thousand (34.4% of net sales) in 2026, down from $30,110 thousand (40.3% of net sales) in 2025, impacted by higher tariff-related costs, partially offset by price increases and a favorable shift to higher-margin rubber boot brands.</li><li>Retail Gross Margin: Was $18,171 thousand (42.6% of net sales) in 2026, compared to $16,745 thousand (45.7% of net sales) in 2025, with the decrease attributed to higher tariff-related costs, partially offset by price increases and a favorable sales mix towards rubber boots.</li><li>Contract Manufacturing Gross Margin: Increased to $303 thousand (9.2% of net sales) in 2026 from $153 thousand (5.8% of net sales) in 2025, driven by increased economies of scale at the Puerto Rico manufacturing facility.</li></ul><h4>Operational Metrics (Three Months Ended March 31)</h4><ul><li>Operating Expenses: Increased to $41,799 thousand in 2026 from $38,302 thousand in 2025, remaining consistent at 33.6% of net sales in both periods due to higher logistics costs associated with increased Retail sales.</li><li>Income from Operations: Decreased to $3,635 thousand (2.9% of net sales) in 2026 from $8,706 thousand (7.6% of net sales) in 2025, primarily due to the decrease in gross margin.</li><li>Interest Expense and Other - net: Decreased to - $2,034 thousand in 2026 from - $2,356 thousand in 2025, due to lower debt levels and a decrease in interest rates.</li><li>Income Tax Expense: Was $342 thousand in 2026, down from $1,409 thousand in 2025. The effective tax rate decreased to 21.4% in 2026 from 22.2% in 2025, primarily due to the mix of earnings between the United States and international subsidiaries.</li><li>Net Income: Was $1,259 thousand in 2026, compared to $4,941 thousand in 2025.</li></ul><h4>Cash Flow (Three Months Ended March 31)</h4><ul><li>Net Cash Provided by Operating Activities: Was $1,886 thousand in 2026, an increase from $1,230 thousand in 2025. The net change in working capital resulted in cash used of - $3,600 thousand in 2026, compared to - $7,600 thousand in 2025.</li><li>Net Cash Used in Investing Activities: Was - $1,142 thousand in 2026, compared to - $701 thousand in 2025, primarily for capital expenditures in manufacturing operations and information technology.</li><li>Net Cash Used in Financing Activities: Was - $1,979 thousand in 2026, compared to - $1,691 thousand in 2025, mainly due to dividend payments of - $1,169 thousand in 2026 and - $1,156 thousand in 2025.</li><li>Decrease in Cash and Cash Equivalents: Was - $1,235 thousand in 2026, compared to - $1,162 thousand in 2025.</li><li>Cash and Cash Equivalents at End of Period: Totaled $1,667 thousand as of March 31, 2026, compared to $2,557 thousand as of March 31, 2025.</li></ul><h4>Unique Metrics</h4><ul><li>Inventories - net: Decreased to $172,638 thousand as of March 31, 2026, from $175,508 thousand as of March 31, 2025, reflecting efforts to optimize inventory levels by reducing discontinued inventory.</li><li>Total Debt (net of debt issuance costs): Decreased to $122,152 thousand as of March 31, 2026, from $128,616 thousand as of March 31, 2025.</li><li>Borrowing Capacity: As of March 31, 2026, Rocky Brands, Inc. had a borrowing capacity of $48,500 thousand under its ABL Facility.</li><li>Share Repurchase Program: On February 24, 2026, Rocky Brands, Inc. announced a new share repurchase program authorizing up to $7,500,000 of common stock until February 23, 2027, replacing a prior plan that expired on February 24, 2026.</li><li>Tariff Impact and Potential Refunds: Rocky Brands, Inc. may be eligible to receive refunds for approximately $20,500 thousand in tariffs previously paid on products subject to invalidated IEEPA tariffs, with filing of refund claims beginning in April 2026, though the full refund amount is not guaranteed.</li></ul><h4>Future Outlook and Strategy</h4>Rocky Brands, Inc. continues to monitor global trade policies, including tariffs, and implements mitigation strategies such as adjusting product prices, diversifying sourcing countries, and leveraging its manufacturing facilities in the Dominican Republic and Puerto Rico. The company anticipates that cash generated from operations will provide sufficient liquidity for funding operations and debt/lease obligations for the next twelve months and beyond. Additionally, the purchase of land in Logan, Ohio, in 2025 for future distribution center expansion may account for a significant portion of future capital expenditures.

Rocky Brands | 10-Q: FY2026 Q1 Revenue: USD 124.4 M