$49.690
+5.709 (+11.49%)At close
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Company Reports Q3 Revenue of $138.8M, Exceeding Estimates
Reports Q3 revenue $138.8M, two estimates $129.8M. "We delivered strong third quarter results highlighted by our second consecutive quarter of double-digit top-line growth," said Jason Brooks, Chairman, President and Chief Executive Officer. "Demand was broad based with several of our brands achieving double-digit sales gains led by Durango, Muck and XTRATUF, as well as our Lehigh CustomFit business. This was also true across our distribution channels as Retail and Wholesale segment sales grew approximately 20% and 12%, respectively. Excluding the net benefit from IEEPA tariff refunds, gross margins reflect strong full price selling which helped drive third quarter profitability higher than expected. We are encouraged with our momentum heading into the holiday season and believe we are well positioned to deliver a strong finish to the year."
Rocky Brands Shares Up 11% to $49.49 After Q3 Earnings Beat
Rocky Brands up 11% at $49.49 after Q3 earnings beat
Stock Futures Muted Ahead of Fed Rate Decision
Stock futures are muted Wednesday as investors await the Federal Reserve's interest rate decision and a round of technology earnings that could potentially shape market direction through the remainder of the summer.The Federal Reserve concludes its two-day policy meeting this afternoon, with markets expecting policymakers to leave the benchmark federal funds rate unchanged. The primary focus will be Fed Chair Kevin Warsh's post-meeting press conference for clues on how the central bank views inflation, economic growth and the path of interest rates.Corporate earnings remain the market's other major catalyst. Microsoft and Meta Platforms are scheduled to report after the closing bell, with investors looking for evidence that continued multibillion-dollar investments in artificial intelligence are translating into stronger cloud growth, advertising revenue and profitability.Semiconductor stocks remain under pressure following disappointing market reactions to earnings from South Korean memory chipmaker SK Hynix despite strong headline results. Investors continue to question whether AI infrastructure spending can support current valuations as competition from Chinese chipmakers increases.Investors will monitor developments in the Middle East after renewed regional tensions pushed oil prices higher, reviving concerns that energy-driven inflation could complicate the Federal Reserve's policy outlook. With monetary policy, Big Tech earnings and geopolitical developments all converging, markets are preparing for elevated volatility through the end of the week.In pre-market trading, S&P 500 futures slid 0.01%, Nasdaq futures fell 0.06% and Dow futures declined 0.64%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Manhattan Associatesup 13%Rocky Brandsup 12%Generacup 9%Amphenolup 6%Tevaup 6%Seagateup 5%Fordup 5%Deutsche Bankup 2%Biogenup 1%General Dynamicsup 1%DOWN AFTER EARNINGS -Lemonadedown 14%Vertivdown 10%VF Corp.down 9%Skyworksdown 8%Humanadown 4%Procter & Gambledown 3%NXP Semiconductorsdown 2%WMdown 2%SK Hynixdown 1%Visadown 1%OneMaindown 1%
Consumer Defensive and Healthcare Sectors Perform Strongly This Week
Counter-cyclical Consumer Defensive and Healthcare sectors have been by far the best performing areas of the market this week, and that was once again the case today as investors continue to rotate from "AI-on" into "AI-off" themes. In addition to Packaging, Beverage, Tobacco, and other Staples, Software and IT Services names were particularly strong - IBMbounced 5% and has now gained 10% from its post-pre-announcement lows while Workdayand ServiceNow- software stocks routinely punished for being especially threatened in being made "obsolete" by AI - were up 8% and 5%. In turn, Semiconductors, Memory, Hardware and Equipment stocks were all hard-hit yet again - Micronfell 9%, Sandiskwas down 14%, and Western Digitalslipped 7% in Tuesday's trading.In the opening hour of the evening session, sentiment remains at the whims of heightened headline risk, with S&P e-minis contract flat and Nasdaq 100 trading down by 0.2%. KLA Corp- the largest technology market cap out with results afterhours - fell 9% despite beating on top and bottom lines as traders noted compressing margins. Seagatewas also volatile, having pared its gains to trade slightly negative after jumping as high as 7% initially on earnings before recovering for a 6% advance into the end of the afterhours session. Geopolitical concerns were also "front and center" Tuesday evening - WTI crude oil spiked over 4% above $82.50 per barrel after U.S. CentCom reported that Iran has launched a missile strike on a U.S. base in Jordan. Traders are similarly on edge heading into Wednesday's FOMC decision - swaps markets are pricing in a 70% chance of a rate hold against a 30% probability of a rate hike, though with inflation concerns rekindled by renewed Middle East tensions, yields have risen across the curve relative to the last time the Fed met in June.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Rocky Brandsup 16.2%Teradyneup 11.6%Manhattan Associatesup 9.9%Bloom Energyup 7.6%Seagate Technologyup 6.3%Ford Motor (up 3.9%The Cheesecake Factory (CAKE) up 3.7%ALSO HIGHER -Verra Mobilityup 26.6% after reaching framework agreement with Avis Budget on seven-year tolling and violations services contractDOWN AFTER EARNINGS -CoStar Groupdown 13.0%Logitech Internationaldown 11.1%Skyworks Solutionsdown 10.6%KLA Corporationdown 10.0%NXP Semiconductorsdown 5.2%SK hynixdown 5.1%PPG Industries, Inc.down 3.6%Waste Managementdown 2.6%Visadown 1.5%Caesars Entertainmentdown 0.3%
Company Reports Q2 Revenue of $118.4M, Up 12% Year-Over-Year
Reports Q2 revenue $118.4M vs $105.6M last year. "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."
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