Rocky Brands Returns to Growth on Wholesale Resurgence
Net income jumped 36% to $7,611,000 from $5,616,000 in the third quarter on 16% higher sales of $77,785,000 against $67,179,000 as the wholesale channel bounced back after Q2’s decline and retail turned in another double-digit gain. Outdoor was boosted by solid hunting boot sales and new rubber boot products introduced this year. Wholesale increased 19% to $56.3 million, while DTC was up 11% to $16.1 million and military segment sales inched ... Log in to view full article.