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home / news releases / RCKY - Revenues +61% P/E Of 7.6x Temporary Product Fulfillment Issues Impact Quarter

RCKY - Revenues +61% P/E Of 7.6x Temporary Product Fulfillment Issues Impact Quarter

Rocky Brands Inc.
  • 3Q21 net sales up 61.4% YoY but adjusted net income down 67.3% YoY.
  • Demand for their brands is robust.
  • Temporary issues with product fulfillment issues resulted in an impact on financials.
  • Adjusted gross margins fell 30bps YoY.
  • Stock up 82% since our initial recommendation in August 2020, and we still expect an upside of 134%.

For further details see:

Revenues +61%, P/E Of 7.6x, Temporary Product Fulfillment Issues Impact Quarter
Stock Information
Company Name: Rocky Brands Inc.
Stock Symbol: RCKY
Market: NASDAQ
Website: rockybrands.com
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