Rocky Brands

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across all key metrics: revenue reached $118.4M vs. $110.1M expected, and normalized EPS of $1.83 far exceeded the $0.35 estimate. The primary driver was a $18.0M one-time benefit from IEEPA tariff refunds recognized in the quarter, which propelled gross margin to 51.4% vs. the 38.7% mean estimate. Despite a $1.1M accounts receivable write-off due to a customer bankruptcy, operating income of $19.7M outperformed the $5.4M forecast, and management continued to execute its debt reduction strategy, lowering total debt by 7.6% YoY.