McRae Industries Q2 revenue rises on strength in western boot sales
Overview
U.S. boot maker's fiscal Q2 revenue rose slightly yr/yr, driven by western/lifestyle boot sales
Net earnings and diluted EPS declined yr/yr, with margins pressured by tariffs and higher expenses
Company approved share repurchase program up to $700,000
Outlook
Company expects tariff impact on margins to decrease in second half of fiscal 2026
Military boot operation profitability may be negatively impacted in Q3 due to new equipment
Company expects cash and credit lines to be sufficient for capital needs in remainder of fiscal 2026
Result Drivers
WESTERN/ LIFESTYLE BOOT SALES - Revenue growth attributed to increased sales of Dan Post and Dingo brands
WORK BOOT SALES DECLINE - Revenue from work boot products fell due to decreased sales across all work boots, including military boots
HIGHER MARKETING EXPENSES - Increased selling, general and administrative costs driven primarily by marketing spending
Company press release: ID:nPn2JqhhSa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $27.95 mln |
|
Q2 Net Income |
| $956,000 |
|
Q2 Gross Profit |
| $7.32 mln |
|
Q2 Operating Income |
| $668,000 |
|
Q2 Pretax Profit |
| $1.33 mln |
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