McRae Industries Q2 revenue rises on strength in western boot sales

McRae Industries

17/03/2026 20:10

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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)