Rocky Brands Turns a Profit in Q1
Net income was $1,495,941 against a loss of $191,450 in the first quarter, on 10% higher sales at $63,072,954 vs. $57,529,945 driven by a doubling of military segment sales to $12.0 million. The lower margins on military sales pulled gross margin down 160 basis points to 31.3%, but profits were bolstered by $1.8 million in SG&A savings from staff ... Log in to view full article.
