Earnings Call Summary | Rocky Brands(RCKY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Rocky Brands(RCKY.US) Q1 2024 Earnings Conference
The following is a summary of the Rocky Brands, Inc. (RCKY) Q1 2024 Earnings Call Transcript:
以下是洛基品牌公司（RCKY）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Rocky Brands reported Q1 2024 net sales of $112.9 million, a 2.2% year-over-year increase, or 7.6% (or 9.3% considering the Canadian distribution model change made in 2023).
Gross profit for Q1 was $44.1 million, or 39.1% of sales. Operating expenses were down to $36.2 million, around 32% of the net sales.
Reported Q1 net income was $2.6 million or $0.34 per diluted share.
An upsized, amended and extended ABL facility with Bank of America has brought down their total debt by 29%.
洛基品牌報告稱，2024年第一季度淨銷售額爲1.129億美元，同比增長2.2％，增長7.6％（考慮到2023年加拿大分銷模式的變化，增長9.3％）。
第一季度的毛利爲4,410萬美元，佔銷售額的39.1％。運營費用降至3620萬美元，約佔淨銷售額的32％。
第一季度報告的淨收益爲260萬美元，攤薄後每股收益爲0.34美元。
美國銀行擴大、修訂和延長了ABL貸款的規模，使他們的總債務減少了29％。
Business Progress:
業務進展：
Rocky Brands saw robust growth across several brands with double-digit gains for Durango and XTRATUF, and improvements in online retail partners for the Georgia boot brand due to well-received selective price reductions.
The new line of Rocky work boots from their Dominican facility is expected to support top-line and margin contributions in 2024.
Due to new product introductions, sales for Rocky and Muck brands are expected to go up, and all branded e-commerce sites posted strong Q1 2024 traffic and sales increases.
Rocky Brands has projected their revenue to be towards the high end of their range of $450 million to $460 million for 2024, with savings of approximately $4.4 million expected annually from 2025 due to refinancing transactions.
Rocky Brands實現了多個品牌的強勁增長，杜蘭戈和XTRATUF實現了兩位數的增長，佐治亞靴子品牌的在線零售合作伙伴也有所改善，這要歸因於廣受好評的選擇性降價。
來自其多米尼加工廠的新款Rocky工作靴預計將在2024年支持收入和利潤的貢獻。
由於新產品的推出，Rocky和Muck品牌的銷售額預計將增加，所有品牌電子商務網站均公佈了2024年第一季度的強勁流量和銷售增長。
洛基品牌預計，到2024年，他們的收入將達到4.5億美元至4.6億美元的最高水平，由於再融資交易，預計從2025年起每年可節省約440萬美元。
More details: Rocky Brands IR
更多詳情： 洛基品牌投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。