RCKY

NELSONVILLE, Ohio, August 17, 2026--(BUSINESS WIRE)--Rocky Brands, Inc. (NASDAQ: RCKY) today announced that its board of directors has declared a quarterly cash dividend of $0.17 per share of outstanding common stock, which will be paid on September 15, 2026, to all shareholders of record as of the close of business on September 1, 2026. The declaration and payment of future dividends and the establishment of future record dates and payment dates are subject to the quarterly determination of the board of directors. About Rocky Brands, Inc. Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names. Brands in the portfolio include Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®. Safe Harbor Language This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Those statements include, but may not be limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management. These forward-looking statements involve numerous risks and uncertainties, including, without limitation, the various risks inherent in the Company’s business as set forth in periodic reports filed with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2025 (filed March 11, 2026) and quarterly reports on Form 10-Q for the periods ended March 31, 2026 (filed May 5, 2026) and June 30, 2026 (filed August 4, 2026). One or more of these factors have affected historical results, and could in the future affect, the Company’s business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, no person should regard the inclusion of such information as a representation that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260817166451/en/ Contacts ROCKY BRANDS, INC. Company Contact:Thomas D. RobertsonChief Operating Officer, Chief Financial Officer and Treasurer(740) 753-1951 Investor Relations:ICR, Inc.Brendon Frey(203) 682-8200

This article first appeared on GuruFocus. Revenue: Increased 12% year over year to $118.4 million. Wholesale Sales: Increased 7.9% to $78.8 million. Retail Sales: Increased 21.8% to $36.2 million. Contract Manufacturing Sales: Up 17.2% to $3.3 million. Gross Profit: $60.8 million or 51.4% of sales. Net Income: $13.9 million or $1.83 per diluted share. Adjusted Net Income: $14.4 million or $1.90 per share. Operating Expenses: $41.1 million or 34.7% of net sales. Interest Expense: $2.1 million. Cash and Cash Equivalents: $2.6 million. Debt: $122.4 million, a decrease of 7.6% year over year. Inventory: $173.5 million, down 7.1% year over year. Share Repurchase: Approximately 54,000 shares at an average price of $37.09. Dividend: Increased to $0.17 per share. Warning! GuruFocus has detected 8 Warning Signs with RCKY. Is RCKY fairly valued? Test your thesis with our free DCF calculator. Release Date: July 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rocky Brands Inc (NASDAQ:RCKY) reported a 12% increase in sales for the second quarter, marking the highest growth rate since 2022. The company experienced broad-based strength across its portfolio, with several brands delivering double-digit growth, notably XTRATUF, Georgia, and Rocky. Direct-to-consumer sales were particularly strong, contributing significantly to the overall sales growth. The company recorded a tariff refund receivable, positively impacting gross margins and profitability. Rocky Brands Inc (NASDAQ:RCKY) raised its full-year guidance, reflecting the strong performance and positive outlook for the third and fourth quarters. Wholesale margins declined by 430 basis points due to multiple headwinds, including increased costs and tariff impacts. Operating expenses increased as a percentage of net sales, driven by a $1.1 million write-off of accounts receivable due to a customer bankruptcy and higher logistics costs. The company faced challenges with expedited shipping and sourcing, impacting gross margins due to increased costs. Tariff uncertainty and inflationary pressures continue to influence the operating environment, posing risks to future profitability. Muck's sales were down modestly compared to the previous year, driven by a shift in timing of sell-in to the brand's international distributor. Q: Could you share more details on where you've seen acceleration across your business and what's shaping up better for Q3 and Q4? A: Thomas Robertson, CFO: We're seeing success across all brands, with Extra Tough showing the strongest growth. Our direct-to-consumer (DTC) investments are driving more traffic to our branded websites. Jason Brooks, CEO: We've seen significant bookings for all brands, gaining new shelf space, and our e-commerce business is performing well, which we expect to continue through Q3 and Q4. Q: Is there a meaningful benefit from new doors or new customers, or is the strength across your existing base of accounts? A: Thomas Robertson, CFO: We've gained shelf space with larger key accounts, and our bookings are up meaningfully even for independent retail accounts. Jason Brooks, CEO: We've expanded the BOA booth into more doors due to strong sell-through, and Extra Tough is also expanding into more doors. Q: Can you elaborate on the SG&A outlook and the potential for operating margin improvement? A: Thomas Robertson, CFO: Unexpected accounts receivable write-offs and higher freight costs have impacted SG&A. We're facing short-term gross margin challenges due to oil prices and sourcing changes. However, moving more production to the Dominican Republic should improve margins in the future. Q: How are tariffs and input costs affecting your business, and are there plans for further pricing actions? A: Thomas Robertson, CFO: We're seeing mid-single-digit cost increases due to oil-based components and container prices. New tariffs will impact us at the end of 2026 or early 2027. We're monitoring pricing and will adjust based on future tariff developments. Q: How big is the Extra Tough brand currently, and what is its growth potential? A: Thomas Robertson, CFO: Extra Tough was our largest brand in Q2 and is expected to grow over 30% this year, reaching over $100 million. Jason Brooks, CEO: The brand has a long runway, with potential expansion into different categories and seasons. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Rocky Brands, Inc.? Here are five stocks we like better. Rocky Brands’ Q2 revenue rose 12% to $118.4 million, driven by broad footwear growth, strong direct-to-consumer sales and gains from XTRATUF, Georgia, Rocky and Lehigh. XTRATUF led momentum and is expected to surpass $100 million in full-year sales. Reported profitability improved sharply, with gross margin reaching 51.4% and adjusted EPS rising to $1.90, helped by a $15 million net tariff benefit. Excluding tariff effects, gross margin was approximately 38.7% as freight, sourcing and logistics costs pressured underlying performance. The company raised its 2026 revenue-growth forecast to approximately 8.5% and expects about $5 in reported EPS, while planning to use tariff proceeds for distribution-center investment and debt reduction. Inventory declined 7.1% year over year, and debt fell 7.6%. Is Rocky Brands Dividend A Good Fit For Your Portfolio? Rocky Brands (NASDAQ:RCKY) reported second-quarter revenue growth of 12%, its strongest growth rate since 2022, as broad gains across its footwear portfolio and direct-to-consumer channels helped offset tariff-related cost pressures and uneven performance in certain brands. Net sales rose to $118.4 million from the year-earlier period, exceeding the company’s expectations. Wholesale sales increased 7.9% to $78.8 million, retail sales climbed 21.8% to $36.2 million, and contract manufacturing revenue rose 17.2% to $3.3 million. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Rocky Brands Or Weyco Group, Which Is The Better Fit President and CEO Jason Brooks said the quarterly increase followed two consecutive quarters of high-single-digit sales growth. He cited double-digit growth from XTRATUF, Georgia, Rocky and the company’s Lehigh business-to-business safety-shoe operation, while direct-to-consumer sales were particularly strong. Second-quarter gross profit increased to $60.8 million, or 51.4% of sales, from $43.3 million, or 41.0% of sales, a year earlier. The reported margin included a $15 million net tariff benefit, consisting of $18 million in actual and expected refunds related to IEEPA tariffs, partially offset by about $3 million of tariff costs compared with the prior year. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Is it Too Late to Step in on Rocky Brands? Excluding the net tariff impact, gross margin was approximately 38.7%. Chief Operating and Financial Officer Tom Robertson said underlying margins faced pressure from changes to manufacturing, sourcing and shipping plans, higher expedited freight costs, incentives used to gain shelf space with select customers, and sales of discontinued styles. Reported operating income rose to $19.7 million from $7.2 million a year earlier. GAAP net income was $13.9 million, or $1.83 per diluted share, compared with $3.6 million, or $0.48 per share, in the second quarter of 2025. Adjusted net income was $14.4 million, or $1.90 per share, versus $4.1 million, or $0.55 per share, a year earlier. → 2 Stocks Built to Thrive If Inflation Refuses to Fade Operating expenses increased to $41.1 million, or 34.7% of sales, from $36.1 million, or 34.2% of sales. Robertson said the increase reflected, among other items, a $1.1 million accounts-receivable write-off connected to a customer bankruptcy, higher fuel-related outbound freight costs and greater logistics costs associated with retail growth. Brooks said XTRATUF remained the company’s fastest-growing brand, with gains across wholesale, e-commerce and marketplace sales. The brand’s 15-inch Legacy boot and ankle deck boot styles were among the better-performing products, while new colorways, the Kids’ Tufs Cruiser collection and Guy Harvey collaboration products contributed to results. A major sporting-goods retailer that began carrying XTRATUF in stores this year has become one of the brand’s largest key accounts and plans to add doors and styles, Brooks said. He also said the brand is expanding beyond its marine heritage as consumers adopt products for everyday use. Robertson said XTRATUF was Rocky Brands’ largest brand in the second quarter and is expected to exceed $100 million in sales for the full year, representing approximately 30% growth from the prior year. Georgia Boot also posted broad-based growth, aided by expanded distribution at farm-and-ranch and work-and-Western retailers. Brooks said the Carbon Flex wedge has become Georgia’s second-highest-selling franchise behind the Romeo, with the company planning to expand BOA technology into women’s products and non-waterproof styles intended for warmer climates. Rocky’s Work, Outdoor and Western categories all grew, supported by wholesale demand, new fall products that arrived early and increased shelf space in industrial safety-toe products. Durango sales declined year over year as the key-account business lapped bulk-buy orders placed by two major chains ahead of 2025 price increases. Excluding that comparison, management said the remaining key-account business grew. Muck sales were down modestly, primarily because of the timing of sell-in to an international distributor. In the U.S., management said e-commerce and wholesale activity remained positive, although Arctic products saw some softness amid a milder and drier spring than the prior year. Rocky Brands raised its full-year 2026 revenue outlook and now expects sales to increase approximately 8.5% over 2025. The company expects fourth-quarter growth to be modestly faster than third-quarter growth. Management said bookings have increased across brands heading into the second half, though Robertson said the forecast incorporates conservatism around at-once business, historically the company’s largest business component. Brooks said the company has gained shelf space at larger accounts and expects strong e-commerce performance to continue through the third and fourth quarters. The company now forecasts gross margin of approximately 40% for 2026 excluding actual and expected tariff refunds, with third- and fourth-quarter margins expected to improve sequentially into the low-40% range. The outlook reflects continued higher inbound freight rates, higher oil-related component costs and sourcing decisions intended to meet demand quickly. Robertson said Rocky Brands expects about $2 million of additional tariff benefit in the third quarter. For the year, the company expects a gross tariff benefit of approximately $20 million, or about $10 million on a net basis after incremental IEEPA tariffs flowing through the profit-and-loss statement. The company expects reported earnings per share to be “in the neighborhood” of $5 for 2026. Excluding the actual and expected tariff refund, it expects earnings per share similar to 2025’s $3.26; on a net basis excluding both the $20 million refund and $10 million in incremental IEEPA tariffs, it expects EPS of around $4. Inventory was $173.5 million at quarter-end, down 7.1% from a year earlier and 4.2% from year-end 2025. Management said discontinued inventory declined by more than 30% during the quarter, leaving inventories in their cleanest condition since the company’s acquisition referenced on the call. Cash and cash equivalents totaled $2.6 million, while debt net of unamortized issuance costs was $122.4 million, down 7.6% from a year earlier. During the quarter, Rocky Brands repurchased about 54,000 shares for $2 million at an average price of $37.09 and increased its quarterly dividend to $0.17 per share. Management said it plans to reinvest part of the tariff proceeds in the business, including an expansion of its distribution center, while also using funds to reduce debt. The company is continuing to shift more production toward its Dominican Republic facility, although stronger-than-expected demand has required it to source some products directly from Asia and use expedited shipping to meet customer needs. Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear. Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Rocky Brands Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Net Sales Increased 12.0% to $118.4 MillionWholesale Segment Sales Increased 7.9% to $78.8 MillionRetail Segment Sales Increased 21.8% to $36.2 Million NELSONVILLE, Ohio, July 28, 2026--(BUSINESS WIRE)--Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its second quarter ended June 30, 2026. Second Quarter 2026 Overview Net sales increased 12.0% to $118.4 million versus $105.6 million in the year-ago quarter Gross margin increased to 51.4% of net sales compared to 41.0% of net sales in the year-ago quarter Income from operations increased to $19.7 million compared to $7.2 million in the year-ago quarter Net income increased to $13.9 million, or $1.83 per diluted share, as compared to net income of $3.6 million, or $0.48 per diluted share, in the year-ago quarter Adjusted net income increased to $14.4 million, or $1.90 per diluted share, as compared to $4.1 million, or $0.55 per diluted share, in the year-ago quarter Inventories as of June 30, 2026 decreased 7.1% to $173.5 million compared to $186.8 million at June 30, 2025 Total debt as of June 30, 2026 decreased 7.6% to $122.4 million compared to $132.5 million at June 30, 2025 "Our second quarter performance was highlighted by 12% sales growth as demand further accelerated from the strong trends we experienced last year and early in 2026," said Jason Brooks, Chairman, President and Chief Executive Officer. "Several of our brands grew strong double digits led by XTRATUF and followed by Georgia Boot and Rocky, as well as our Lehigh safety shoe business. Selling was robust across channels with particular strength on our direct-to-consumer websites, while strong bookings in the quarter will provide good Wholesale segment momentum for the second half of the year. The significant year-over-year improvement in earnings reflects the positive impact from the actual and expected recovery of IEEPA tariffs recognized in the second quarter. These refunds more than offset the incremental costs incurred as a result of adjusting our initial manufacturing, sourcing, and shipping plans to meet customer demand." Second Quarter 2026 Review Second quarter 2026 net sales increased 12.0% to $118.4 million compared with $105.6 million in the second quarter of 2025. Wholesale segment net sales for the second quarter increased 7.9% to $78.8 million compared to $73.1 million in the second quarter of 2025. Retail segment net sales for the second quarter increased 21.8% to $36.2 million compared to $29.7 million in the second quarter of 2025. Contract Manufacturing segment net sales for the second quarter increased 17.2% to $3.3 million compared to $2.8 million in the second quarter of 2025. Gross margin in the second quarter of 2026 was $60.8 million, or 51.4% of net sales, compared to $43.3 million, or 41.0% of net sales, for the same period last year. The increase in gross margin as a percentage of net sales was primarily due to the recognition of actual and expected IEEPA tariff refunds, which lowered cost of goods sold in the current quarter, partially offset by tariff costs and sourcing variances. The net impact of the tariff activity in the second quarter of 2026 was an approximate $15.0 million reduction to cost of goods sold. Operating expenses were $41.1 million, or 34.7% of net sales, for the second quarter of 2026 compared to $36.1 million, or 34.2% of net sales, for the same period a year ago. Excluding $0.7 million of acquisition-related amortization in the second quarter of 2026 and 2025, adjusted operating expenses were $40.4 million, or 34.2% of net sales, in the current year period and $35.4 million, or 33.5% of net sales, in the year-ago period. The increase in operating expenses as a percentage of net sales was due to an approximate $1.1 million write-off of accounts receivable associated with a customer bankruptcy in the second quarter of 2026. Income from operations for the second quarter of 2026 was $19.7 million, or 16.6% of net sales, compared to $7.2 million, or 6.8% of net sales, for the same period a year ago. Adjusted income from operations for the second quarter of 2026 was $20.4 million, or 17.2% of net sales, compared to adjusted income from operations of $7.8 million, or 7.4% of net sales, a year ago, reflecting the net impact of tariffs, including the recognition of the aforementioned tariff refunds, in the second quarter of 2026. Interest expense for the second quarter of 2026 was $2.1 million compared with $2.5 million for the prior year period. The decrease in interest expense was driven by lower debt levels. The Company reported second quarter 2026 net income of $13.9 million, or $1.83 per diluted share, compared to $3.6 million, or $0.48 per diluted share, in the second quarter of 2025. Adjusted net income for the second quarter of 2026 was $14.4 million, or $1.90 per diluted share, compared to $4.1 million, or $0.55 per diluted share, in the year-ago period. Balance Sheet Review Cash and cash equivalents were $2.6 million as of June 30, 2026 compared to $2.8 million and $2.9 million as of June 30, 2025 and December 31, 2025, respectively. Other receivables were $20.1 million as of June 30, 2026 compared to $0.1 million and $5.0 million as of June 30, 2025 and December 31, 2025, respectively. The increase in other receivables as of June 30, 2026 compared to June 30, 2025 and December 31, 2025 was primarily due to the IEEPA tariff refund receivable. As of June 30, 2026, total debt, net of unamortized debt issuance costs of $1.5 million, was $122.4 million, consisting of a $22.6 million senior term loan and $101.3 million of borrowings under the Company's senior secured asset-backed credit facility. As of June 30, 2026, total debt, net of unamortized debt issuance costs, was down 7.6% from June 30, 2025, and was down 0.2% compared to December 31, 2025. Inventories as of June 30, 2026, were $173.5 million, down 7.1% compared to $186.8 million on the same date a year ago and down 4.2% compared to $181.1 million as of December 31, 2025. Conference Call Information The Company's conference call to review second quarter 2026 results will be broadcast live over the internet today, Tuesday, July 28, 2026, at 4:30 pm Eastern Time. Investors and analysts interested in participating in the call are invited to dial (877) 704-4453 (domestic) or (201) 389-0920 (international). The conference call will also be available to interested parties through a live webcast at www.rockybrands.com. Please visit the website and select the "Investors" link at least 15 minutes prior to the start of the call to register and download any necessary software. About Rocky Brands, Inc. Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names. Brands in the portfolio include Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®. More information can be found at RockyBrands.com. Safe Harbor Language This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Those statements include, but may not be limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management and include statements in this press release regarding the Company's expectation that strong bookings in the second quarter will provide momentum for the second half of the year (Paragraph 2). These forward-looking statements involve numerous risks and uncertainties, including, without limitation, the various risks inherent in the Company’s business as set forth in periodic reports filed with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2025 (filed March 11, 2026) and quarterly report on Form 10-Q for the quarter ended March 31, 2026 (filed May 5, 2026). One or more of these factors have affected historical results and could in the future affect the Company’s businesses and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation or warranty by the Company or any other person that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements. Use of Non-GAAP Financial Measures In addition to GAAP financial measures, we present the following non-GAAP financial measures: "non-GAAP adjusted operating expenses," "non-GAAP adjusted income from operations," "non-GAAP adjusted net income," and "non-GAAP adjusted net income per share." Adjusted results exclude the impact of items that management believes affect the comparability or underlying business trends in our consolidated financial statements in the periods presented. We believe that these non-GAAP measures are useful to management and investors and other users of our consolidated financial statements as an additional tool for evaluating operating performance. We believe they also provide a useful baseline for analyzing trends in our operations. Investors should not consider these non-GAAP measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. See "Reconciliation of GAAP Measures to Non-GAAP Measures" accompanying this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260728653649/en/ Contacts Company Contact:Tom RobertsonChief Operating Officer, Chief Financial Officer and Treasurer(740) 753-9100 Investor Relations:Brendon FreyICR, Inc.(203) 682-8200

NELSONVILLE, Ohio, May 18, 2026--(BUSINESS WIRE)--Rocky Brands, Inc. (NASDAQ: RCKY) today announced that its board of directors has declared a quarterly cash dividend of $0.17 per share of outstanding common stock, which will be paid on June 15, 2026, to all shareholders of record as of the close of business on June 1, 2026. The declaration and payment of future dividends and the establishment of future record dates and payment dates are subject to the quarterly determination of the board of directors. About Rocky Brands, Inc. Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names. Brands in the portfolio include Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®. Safe Harbor Language This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Those statements include, but may not be limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management. These forward-looking statements involve numerous risks and uncertainties, including, without limitation, the various risks inherent in the Company’s business as set forth in periodic reports filed with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2025 (filed March 11, 2026) and quarterly report on Form 10-Q for the period ended March 31, 2026 (filed May 5, 2026). One or more of these factors have affected historical results, and could in the future affect, the Company’s business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, no person should regard the inclusion of such information as a representation that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518040849/en/ Contacts Company Contact:Thomas D. RobertsonChief Operating Officer, Chief Financial Officer and Treasurer(740) 753-1951 Investor Relations:ICR, Inc.Brendon Frey(203) 682-8200

This article first appeared on GuruFocus. Net Sales: Increased 9.1% year-over-year to $124.4 million. Wholesale Sales: Increased 4.8% to $78.4 million. Retail Sales: Increased 16.5% to $42.7 million. Gross Profit: $45.4 million, or 36.5% of sales, down from 41.2% last year. Operating Expenses: $41.8 million, 33.6% of net sales. Income from Operations: $3.6 million, or 2.9% of net sales. Net Income: $1.3 million, or $0.17 per diluted share. Adjusted Net Income: $1.8 million, or $0.24 per diluted share. Interest Expense: $2.1 million, down from $2.4 million last year. Cash and Cash Equivalents: $1.7 million. Debt: $122.2 million, a decrease of 5% since last year. Inventories: $172.6 million, down 1.6% from last year. Warning! GuruFocus has detected 9 Warning Signs with RCKY. Is RCKY fairly valued? Test your thesis with our free DCF calculator. Release Date: April 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rocky Brands Inc (NASDAQ:RCKY) reported a 9% increase in Q1 sales, continuing the momentum from the previous quarter. The company experienced robust growth in its D2C segment and improving wholesale trends, driven by legacy styles and new product introductions. XTRATUF brand showed exceptional momentum with high-teen growth, supported by strong performance across all channels. Muck brand posted its best first quarter in over three years, with high-teen growth and strong demand for its Arctic collections. The company is optimistic about returning gross margins to the 40% range in the second half of the year as tariff impacts lessen. Higher tariffs significantly impacted gross and operating margins, contributing to a 470 basis points decrease in gross profit margin. Operating expenses increased due to higher logistics costs, affecting overall profitability. Net income decreased to $1.3 million from $4.9 million in the same period last year, reflecting the impact of tariffs. The commercial military segment faced challenges due to a lack of new contracts from the US government. The company anticipates continued tariff-related headwinds in Q2, which will affect profitability. Q: What are you observing in the current market environment, and how is consumer demand affecting your brands? A: Jason Brooks, CEO, stated that they feel positive about the market environment. Brands like XTRATUF and Muck are showing strong momentum, and the hardware and Western businesses are performing well. However, the commercial military segment hasn't seen significant contracts from the US government yet. Q: Can you discuss the impact of freight and product costs on your business? A: Thomas Robertson, CFO, noted that they are experiencing higher freight fuel surcharges, which have increased logistics costs. They are monitoring oil-based product costs closely, as these are crucial for their rubber boot products, and have seen some price increases. Q: What factors give you confidence in achieving strong earnings growth in the second half of the year? A: Robertson highlighted a strong order book across all brands, particularly for rubber products like Muck and XTRATUF. They are seeing robust orders for Q3 and Q4, which suggests retailers are restocking inventory sold over the past six months. Q: How are tariffs impacting your financials, and what is the status of tariff refunds? A: Robertson explained that the guidance assumes no refunds are captured, but they are seeking $20.5 million in refunds. The current tariffs are at 10%, and they are monitoring Section 301 investigations for future impacts. The refund process has started, but the system is not working perfectly. Q: Can you elaborate on the sell-in and sell-through trends across your brands? A: Brooks mentioned that they are pleased with both sell-in and sell-through trends. The success in Q4 2025 has allowed retailers to feel comfortable with bookings for Q3 and Q4 2026. They are seeing strong pre-books for fall, especially for waterproof and insulated products. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Tuesday, April 28, 2026 at 4:30 p.m. ET Chief Executive Officer — Jason Brooks Chief Operating and Chief Financial Officer — Thomas Robertson Jason Brooks: Thank you, Brendon. With me on today's call is Thomas Robertson, our Chief Operating and Chief Financial Officer. After our prepared remarks, we will take your questions. We are pleased to report a solid start to 2026, and we sustained the strong sales momentum we experienced in the back half of last year. Q1 sales increased 9% following the 9% increase we achieved in 2025. Our performance was driven by legacy styles and compelling new product introductions in key categories that fueled robust DTC growth and improving wholesale trends. The extended winter weather across much of the Eastern United States provided a favorable backdrop for our cold-weather offerings while our spring collections gained traction as the quarter progressed. What is particularly encouraging is the quality of our growth. We are seeing consistent full-price selling with key brick-and-mortar accounts as well as digital partners and especially on our own branded websites. Our strategic focus on expanding distribution, introducing compelling new products at key price points, and leveraging technology platforms like the BOA continues to resonate with our retailers and our consumers. Thomas will go through the financials in detail shortly, but from a profit standpoint, Q1 was in line with our expectations. The year-over-year change in gross and operating margins was driven primarily by higher tariffs, which was expected and included in our outlook for this year. The good news is that the headwind from higher tariffs starts to lessen in the second quarter, which along with our current top-line momentum gives us a clear line of sight to returning gross margins to the 40% range and delivering meaningful earnings growth in the second half of the year. Let me walk you through our first quarter brand performances. XTRATUF started 2026 with exceptional momentum, delivering high-teen growth over last year as all channels contributed to the brand's strong performance. U.S. wholesale was up low double digits, while our e-commerce business continued its impressive trajectory from Q4, posting substantial growth. Marketplace sales also gained momentum throughout the quarter. Our product mix reflected both the strength of our core offerings and successful new introductions. The 15-inch Legacy Boot, our Ankle Deck Boot, and the Ankle Deck Boot Sport in key colors like Duck Camo and Olive remained top sellers. We are particularly pleased with the reception of our Spring 2026 line, which was highlighted by the Brown ADB Sport, the men's Black Deep Storm ADB, and our highly anticipated Kids' Tusk Cruisers collection. Distribution gains were broad-based across big-box sporting goods retailers, outdoor-focused key accounts, specialty lifestyle independents, and Western-focused partners. Our well-established marine channel also delivered solid results to start the year. This diverse channel strength, combined with compelling product innovation, positions XTRATUF for continued success through 2026. Muck delivered its best first quarter in over three years, posting high-teen growth versus last year. This outstanding performance reflected strength across all channels—wholesale, e-commerce, marketplace, and international—as the brand capitalized on favorable weather conditions and strong product availability. Extended winter weather across most of the United States drove exceptional demand for our Arctic collections, which became the biggest contributor to the brand's growth in both men's and women's collections. Our marketing team effectively leveraged social media and digital advertising to capitalize on these favorable weather patterns through February and early March. Equally important was our focus on maintaining strong inventory positions on our core Chore and Chore Steel styles, which continue to perform well across multiple channels. A major highlight was early delivery and reception of our new Rainscape Spring collection, which contributed meaningfully to the brand's growth in the quarter. From a channel perspective, our hardware business grew significantly, driven by continued partnership expansions with a national hardware retailer. Also of note, the sporting goods channel showed meaningful improvements after several challenging quarters as Muck regained shelf space from competitors for our legacy Arctic styles. Durango delivered a solid start to the year with single-digit growth driven by consistent key-account momentum throughout the quarter. We saw particularly strong performance in Texas, where the Hispanic market segment showed meaningful improvement over last year with double-digit increases. Florida and Georgia also posted strong double-digit gains, fueled by demand for our Rebel, Rebel Work, and our new Shiloh collection. A highlight in our key account business was exceptional growth with a major Western retailer, increasing over 30% for the quarter. This was driven by exclusive styles and successful expansion into new categories, including the Shiloh and our women's Crush fashion series. The March delivery of exciting spring products, including category extensions in the Shiloh, Crush updates, and our new Workhorse work collection, provided additional momentum heading into the second quarter. Georgia Boot faced a challenging January but rebounded in February and March, both of which exceeded prior-year sales. While the quarter finished with a slight single-digit decline versus last year, this was primarily timing-driven as several meaningful wholesale orders booked in late March carried into April, positioning us well for the current quarter. Adding to our optimism for Georgia is the continued strength of the brand's digital channels, as both e-commerce and marketplace were up healthy double digits in Q1, and that momentum has carried into the early part of Q2. Product innovation continues to drive Georgia Boot's success. Our Carbon Fiber—our Carbon Flex Wedge—collection remains one of the brand's most successful launches, performing exceptionally well across both field and key accounts. Notably, the BOA-equipped version has quickly become a top-performing item in the overall line, and we will continue to expand the BOA technology across future assortments. Additionally, our new Core 37 farm-and-ranch assortment was among the top-performing introductions for Fall 2026 and began shipping this quarter, delivering strong value at a key price point across multiple categories. Rocky work, outdoor, and western started 2026 with a positive result as wholesale sales continued strengthening through greater in-line product sales versus last year's off-price focus. The outdoor segment's growth was highlighted by increased programs with key Upper Midwest retailers and a prominent Midwest online retailer who began featuring Rocky again after several years. We also saw solid sales with independent retailers carrying our deep line of insulated and waterproof footwear. New spring deliveries and replenishment orders for our new Western collection were pivotal in reviving a category that had been challenged in recent periods. Our new Ride LTE series of Western work boots, introduced late in Q4, has been a hit with retailers. We are already receiving significant replenishment orders from partners who brought the product in before the end of the year. In work, we continue to gain strength with key industry footwear suppliers across Texas and the Northeast, along with prominent mid-tier footwear retailers. Technology leadership remains a key differentiator. Our premium Rams Horn boot composition-toe product showed mid-teen growth and has quickly become one of the leading boots in the industry safety-toe market. Commercial military and public service delivered a solid start to 2026, posting low single-digit growth over the prior period. This performance represents continued positive momentum from our strong Q4 2025 finish and marks a significant improvement in trajectory compared to the beginning of last year. The commercial military segment led the way with high single-digit growth, driven by exceptional performance with Army and Air Force Exchange Services, which posted strong double-digit increases. The Navy Exchange also had a phenomenal quarter with significant growth fueled by our S2V steel-toe boots. Our S2V collection continues to be a growth driver for the division, with the Predator S2V and related styles performing exceptionally well across both field and key accounts. Turning to our B2B Lehigh business, it continued its strong momentum from Q4, growing high single digits versus the first quarter of last year. This performance was driven by continued success in new customer acquisition, a direct result of strategic structural changes we have made to our sales force. We are also seeing positive trends in subsidy utilization and average subsidy dollars as companies work to provide consistent product assortments for their employees despite rising costs. While we are monitoring potential impacts from tariff uncertainty and fuel costs later in the year, the effect on Q1 was minimal and the overall health of the business remains very strong. Finally, our partnership with Vole Eyewear continues to strengthen and deliver results, with accounts that committed in Q4 2025 now onboarding and resetting their subsidies for 2026. The response to this prescription safety eyewear program remains very positive and is generating meaningful incremental sales as an extension of our managed PPE programs. To reiterate, we are pleased with our first quarter performance, and we are encouraged by the sell-in and sell-out trends we are seeing across the brand portfolio. We look forward to getting past these tough tariff comparisons so our bottom-line results better reflect the strength of our business and the benefits of our operating model. With that, I will turn it over to Thomas to review the financials. Thomas Robertson: Thank you. Echoing Jason's sentiment, I am very pleased with the start of 2026. The momentum we experienced in our business last year carried over into the new year, driving strong top-line growth despite the challenging tariff environment we anticipated. Reported net sales for the first quarter increased 9.1% year over year to $124.4 million, which was in line with our expectations. By segment, wholesale sales increased $3.6 million, or 4.8%, to $78.4 million. Retail sales increased 16.5% to $42.7 million, and contract manufacturing sales were $3.3 million. Turning to gross profit, for the first quarter gross profit was $45.4 million, or 36.5% of sales, compared to $47 million, or 41.2% of sales, in the same period last year. The 470 basis point decrease was driven by a little over $7 million in higher tariffs compared with the year-ago period, and to a much lesser extent, an increase in sales of discontinued styles. This was partly offset by strong full-price selling, favorable channel mix with higher retail sales, and the benefit of price increases implemented in 2025. Reported gross margins by segment were as follows: wholesale margins were 34.4% versus 40.3%, with the change driven by the significant impact of tariffs; retail margins were 42.6% versus 45.7%, also reflecting higher tariffs compared with a year ago; and contract manufacturing margins improved to 9.2% from 5.8%. Operating expenses were $41.8 million, or 33.6% of net sales in 2026, compared to $38.3 million, or 33.6% of net sales, last year. Excluding the $700 thousand of acquisition-related amortization in the first quarter of this year and last year, adjusted operating expenses were $41.1 million and $37.6 million, respectively, in 2026 and 2025. As a percentage of net sales, adjusted operating expenses were 33% in both periods. The increase in operating expenses was driven primarily by higher logistics costs associated with the increase in retail sales. Income from operations was $3.6 million, or 2.9% of net sales, compared to $8.7 million, or 7.6% of net sales, in the year-ago period. Adjusted operating income was $4.3 million, or 3.5% of net sales, compared to adjusted operating income of $9.4 million, or 8.2% of net sales, a year ago, reflecting the impact of higher tariffs in 2026. For the first quarter of this year, interest expense was $2.1 million compared with $2.4 million in the year-ago period. This decrease reflects lower debt levels. On a GAAP basis, we reported net income of $1.3 million, or $0.17 per diluted share, compared to net income of $4.9 million, or $0.66 per diluted share, in 2025. Adjusted net income for 2026 was $1.8 million, or $0.24 per diluted share, compared to adjusted net income of $5.5 million, or $0.73 per diluted share, a year ago. Turning to our balance sheet, at the end of the first quarter cash and cash equivalents stood at $1.7 million, and our debt, net of unamortized debt issuance costs, totaled $122.2 million, a decrease of 5% since March. Inventories at the end of the first quarter were $172.6 million, down 1.6% compared to $175.5 million a year ago and down 4.7% compared to $181.1 million at the end of 2025. We are pleased with our inventory management as we successfully navigated the tariff environment while maintaining appropriate stock levels to support our growth. With respect to our outlook, based on our first quarter performance, we are reiterating our full-year 2026 guidance provided on our fourth quarter call. For 2026, we continue to expect revenue to increase approximately 6% over 2025, with our retail segment growing faster than wholesale. While we are still forecasting gross margins to be down modestly from the 40.9% we reported in 2025, this includes roughly $10 million in higher tariffs that will hit our P&L in the first half of the year, split roughly 70/30 between Q1 and Q2 versus our prior view of 80/20. SG&A is expected to be up in dollars as we support growth. However, as a percentage of revenue, we expect to leverage by approximately 80 basis points. Interest expense will take another step down this year based on year-end debt levels. The decrease will be more modest than what we realized in 2025. This translates into EPS growth in the low-teen range. For modeling purposes, we still expect Q2 gross margins to improve from Q1 levels, but to a lesser degree than initially thought as approximately $1 million more in higher tariffs shifted into Q2 due to the timing of certain product sales. Therefore, while we are still forecasting the year-over-year decline in profitability to lessen in Q2 versus Q1, the improvement will not be as meaningful as we anticipated at the start of the year. Due to this shift, we now expect Q2 EPS to be down somewhere in the neighborhood of $0.20 versus Q2 last year. We look forward to having the current tariff headwinds largely behind us as we exit Q2, which will drive gross margins back above 40% and allow us to translate our top-line momentum into strong earnings growth for the second half of the year. That concludes our prepared remarks. Operator, we are now ready for questions. Operator: We will now open the call for questions. We will now be conducting a question-and-answer session. If you would like to ask a question, please press 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press 2 if you would like to remove your question from the queue. It may be necessary to pick up your handset before pressing the star keys. One moment please while we poll for questions. Brendon Frey: Thank you. Operator: Our first question comes from the line of Jonathan Komp with Baird. Please proceed. Jonathan Komp: Yes, hi. Good afternoon. I want to start by asking what you are observing in the environment—if you have seen any major shifts across your brands or your major partners, given some of the uncertainty in the environment—just overall sense of health of the consumer demand and the orders that you are seeing? Jason Brooks: Hey, Jonathan. Thanks. I would tell you that we feel pretty positive. As I talked about the brands, XTRATUF is still seeing really nice momentum. We have seen Muck make a little bit of a turn here, and Rocky and Durango as well. So I think we are feeling pretty positive about it. The hardware business has been pretty positive. As we talked about, the Western business seems to be going pretty well for us. The one area that we still are not seeing a huge uptick is in commercial military, where we have not seen any contracts from our U.S. government, but that is something that we will continue to focus on and work. I do not know if you had anything to add, Thomas. Thomas Robertson: I would tell you throughout the first quarter and even in April, we saw general at-once trends being up compared to last year. Looking out into the future, our order book looks very strong for the rest of the year. We have not seen a big change in behavior from any of our consumers. One of the things we are trying to dissect a little bit is, with the success of particularly the Muck brand in Q4 and in Q1 of this year, the order book is very strong, and we believe that retailers are going to be stocking back up on inventory that they sold through over the last six months. Jonathan Komp: Maybe to follow up, more related to the cost environment—can you talk about any surcharges you are seeing come through, or how you think about freight and, down the road, product costs—higher costs that you might see? Thomas Robertson: Certainly. We definitely experienced higher freight fuel surcharges at the end of the first quarter, and that has continued into the first month of the second quarter. It is something we are monitoring closely. That also drove a little bit of the increase in our logistics costs that we called out in the prepared remarks. The thing that we are really trying to keep our eye on, quite frankly, is that there are a lot of oil-based products in the outsoles of our shoes and in some of the rubber compounds that go into our rubber boot products. We are keeping a close eye on that. We have seen some slight price increases and are being warned of larger ones if this does not settle in here or get resolved relatively soon. We are keeping a very close eye on that. Jonathan Komp: And then when you look at the back half, could you maybe just walk through some of the pieces that are giving you confidence in, I think you said, pretty healthy or strong earnings growth year over year in the back half? Thomas Robertson: The thing that is giving us the most confidence is the order book. We are really up in future orders across all brands, and certain brands—particularly our rubber products—are standing out with Muck and XTRATUF. We are seeing strong orders for Q3 and Q4. We are trying to decipher if that means that retailers are going to be doing more ordering and less at-once, and it is allowing us to make the best decisions to get inventory here for the last half of the year. Jonathan Komp: Maybe just last one—tariffs for the year. What is your current thinking around the impact from the rates that you are paying today, and anything you might share on the refund front as well? Thank you. Thomas Robertson: Starting with the refund, the ACE portal opened up on the 20th about a week or so ago, so we have started that refund process, requesting our refunds. The guidance that we provided assumes no refunds are captured, so that would be all upside. The total request that we are seeking is about $20.5 million. TBD on when that gets paid, and we will continue to work through the process of getting all of our refunds submitted. The system is not working perfectly for us, but we have heard that from a lot of peers. In the guidance that we have given, we have forecasted the future tariff impact of these 122s at this 10%. We are waiting to see what happens with the Section 301 investigations later this summer, and we will update guidance as we have more clarity on what the future of tariffs looks like. Hopefully, we are able to capture these refunds in Q2 or Q3. Jonathan Komp: Okay. Thanks again for all the color. Thomas Robertson: Thanks, Jonathan. Operator: Our next question comes from the line of Janine Stichter with BTIG. Please proceed. Janine Hoffman Stichter: Hi, congratulations on the momentum. I wanted to ask a bit more about the sell-in and sell-through trends you are seeing. I think you mentioned that you are really pleased with both the sell-in and the sell-through. Can you help us understand where those fit? Are you currently at a point where, broadly across all brands, the sell-through is outpacing the sell-in, and would you expect that to catch up as the year progresses? Just want to understand what you are seeing from both sell-in and sell-through perspectives. Jason Brooks: Thank you, Janine. If we look back into Q4, we had tremendous success—9% growth in Q4 from 2024 to 2025—and we saw that sell-through at retail. That has allowed the retailer to continue to fill in not only at-once, which we continued to see in Q1, but it also has allowed them to feel more comfortable in their bookings for Q3 and Q4. Our products typically are a little bit more heavily weighted to waterproof and insulated product. XTRATUF is a little unique in that it is still a good fall product, but we are seeing pretty good bookings from them in Q2, Q3, and Q4 as well. So we are feeling comfortable as the at-once business continues to happen, and then we are seeing the prebooks for fall—not all the brands at the same level—but we are seeing pretty good trends across all the brands as we move into the third and fourth quarter. Thomas Robertson: Just to add on there, Jason had it in his prepared remarks, but it is really important to call out that we had the inventory to execute and capture sales when weather came in Q4 and Q1. The investment in inventory is paying dividends. Particularly with the Muck brand, we believe we have gained shelf space back, and that is exciting to hear, given that four years ago when we acquired the brands, we lost a little bit. We think we have gained a lot of that back, and our numbers would prove that out. The other thing I am most excited about—and it is really across all brands—is our new product for 2026 and Fall 2026. It is arguably the best booking season we have ever had. We are excited to see how this plays out at retail. We have not seen it check through retail yet—we are starting to see it on the spring product—but we will continue to monitor that, and that is probably the thing I am most positive about. Janine Hoffman Stichter: Great, that is helpful. Then you mentioned that the Hispanic consumer had improved—I think you called out Texas. Can you unpack that a little bit more—what has been going on there? Jason Brooks: There were some areas in 2025 where that market slowed a little bit, particularly in Western areas. We have seen that some of those retail partners are seeing better sell-through in that area, particularly the Hispanic market, so just seeing better sell-through in those retail stores. Janine Hoffman Stichter: Super helpful. Thank you. I will pass it on. Jason Brooks: Thank you. Operator: Thank you. As a reminder, it is star-1 to ask a question. Our next question comes from the line of Bruce Geller with Geller Ventures. Please proceed. Bruce Geller: Hi, good afternoon, gentlemen. I am trying to get a better sense of the overall tariff impact. It seems based on what you said today that it cost you in the first quarter roughly $0.70 a share on an after-tax basis. So ex the tariffs, you would have earned close to $1 a share. Is that a fair statement? And so if you get this $20 million refund, that is over $2 a share after tax. Is it fair to say that the earnings power of the company is approximately $2 per share higher than you have earned in the last 12 months because of these tariffs, or is that offset somewhat by the new tariffs that have been put on? Thomas Robertson: I think that is a fair statement. In 2025, we had just over $10 million of tariff impact, and then the $10 million we are calling out for 2026. If it was a rolling 12 months, I think that is the math you are doing there, and yes, that math works. There are other variables in there that complicate things. We recognize that we have the 10% tariffs in place right now that we know are already being challenged in court, and then we know the Section 301s are coming at us, so we are monitoring that closely. Last I have read, the goal of the 301s was to get the 301 tariffs back to where those reciprocal rates were pre–Supreme Court ruling. We will continue to monitor that closely. Bruce Geller: But with the tariffs that are in place right now—just the 10%, excluding the potential for the 301s—how much of a year-over-year, or how much of a hit on a 12-month basis, would you say that the tariffs that have now been eliminated cost you? Again, I am trying to get a sense of the earnings power, because in the last 12 months you reported roughly $2.50 a share in earnings, but it sounds to me like the earnings power could be $2 more than that, and that is on a base that now seems to be growing on a nice trajectory. Thomas Robertson: I think your logic is correct, and maybe this will help articulate it. If we were to take out the AIPA impact in 2026, we would have shown a slight margin improvement over 2025 results. We took pricing when the tariffs came out, and the pricing we took was based on the tariffs at the time and planned mitigation strategies, which we have been working through. If we look at the current broad landscape today, we would see some slight improvements, partially driven by all of these sourcing changes that the team has made, including making more of our products in the Dominican Republic, which has had a more favorable tariff rate up until the Supreme Court ruling, but we anticipate hopefully that recovering—getting back to normal—in the future. Bruce Geller: Thanks. And just one other question: I know you do not really like to talk about specific customers, but I personally have noticed I have been getting a lot of digital ads lately from Boot Barn regarding the XTRATUF brand. To my knowledge, historically you had not sold XTRATUF at Boot Barn. So I am just curious if this is something that has recently come to fruition, and if so, is it just online, or are these boots now going into the stores as well? Because that seems to me like it could be pretty material if that is accurate. Jason Brooks: In the prepared remarks, I talked a little bit about the Western retail category for XTRATUF. There has been a little bit of expansion into that area. It is slow right now in that area, but we do see a really positive potential opportunity there, and maybe more than just the retailer that you talked about. There is definitely a little bit of opportunity there. Bruce Geller: Great. Thank you very much, gentlemen. Jason Brooks: Thanks, Bruce. Operator: Thank you. There are no further questions at this time. I would like to pass the call back over to management for any closing remarks. Jason Brooks: Great. Thank you very much. First, I would like to thank the entire Rocky Brands, Inc. team and the efforts that they have put in here in Q1, helping Rocky Brands, Inc. be the best company it can be. I would also like to thank our board of directors and our shareholders for their support, and we look forward to our continued success in 2026. Thank you all very much for your time today. Operator: This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation. Before you buy stock in Rocky Brands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rocky Brands wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $492,752!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,327,935!* Now, it’s worth noting Stock Advisor’s total average return is 991% — a market-crushing outperformance compared to 201% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of April 28, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rocky Brands (RCKY) Q1 2026 Earnings Transcript was originally published by The Motley Fool