trending Market Intelligence /marketintelligence/en/news-insights/trending/9lLXJ5UaJcoYStV-3HXnKw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Rocky Brands swings to loss in Q2

Capital Markets View – February 2021

Blog

TMT News & Insights: February 2021

Blog

Whats on the Horizon for the Cruise Hotel Resorts Sector

Blog

Latin America multichannel broadband market 2020 recap


Rocky Brands swings to loss in Q2

Rocky Brands Inc. said its normalized net income for the second quarter was a loss of 22 cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.

The per-share result swung to a loss from the prior-year profit of 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.7 million, compared with income of $1.9 million in the year-earlier period.

The normalized profit margin dropped to negative 2.7% from 2.8% in the year-earlier period.

Total revenue declined 8.8% year over year to $62.6 million from $68.6 million, and total operating expenses totaled $65.1 million, compared with $65.3 million in the year-earlier period.

Reported net income totaled a loss of $1.7 million, or a loss of 23 cents per share, compared to income of $2.0 million, or 26 cents per share, in the prior-year period.