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MCRAA — McRae Industries News Story

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McRae Industries Q3 revenue falls on lower Laredo, military boot sales

McRae Industries Q3 revenue falls on lower Laredo, military boot sales


Overview

  • U.S. boot maker's fiscal Q3 revenue fell yr/yr on lower Laredo and military boot sales

  • Fiscal Q3 net earnings declined, impacted by lower sales and higher tariff costs

  • On April 29th company received $15.4 mln U.S. Airforce boot contract with 36-month ordering period


Outlook

  • Company believes current liquidity is sufficient to meet capital needs for remainder of fiscal 2026


Result Drivers

  • LOWER LAREDO SALES - Co said Q3 net revenue decline was mainly driven by lower sales of its Laredo brand

  • MILITARY BOOT ORDERS - Decreased orders for military boots contributed to lower work boot revenues

  • TARIFF COSTS - Gross profit margins were negatively impacted by $0.8 mln in tariffs paid in Q3; company is seeking refunds but outcome is uncertain


Company press release: ID:nPn3mpJDHa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$27.42 mln

Q3 Net Income

$858,000

Q3 Gross Profit

$6.90 mln

Q3 Operating Income

$784,000

Q3 Pretax Profit

$1.21 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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