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RCKY - Rocky Brands: Results Beat Estimates Outlook Raised 7x P/E
May, 04 2022 01:36 PM
Rocky Brands Inc.
Net sales up 90.5% YoY but net income down 6.8% YoY. 2022 outlook raised to sales increase of 21% - 24% from 16% - 19%. Demand for their brands is robust. Company has invested in additional distribution andfulfilment capabilities. Stock up 73% since our initial recommendation inAugust 2020 and we still expect upside of 146%. For further details see:
Rocky Brands: Results Beat Estimates, Outlook Raised, 7x P/E
Stock Information
Company Name:
Rocky Brands Inc.
Stock Symbol:
RCKY
Market:
NASDAQ
Website:
rockybrands.com
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