Preview - Please log in to view full article.

Article Date: October 2019
Word Count: 183

Rocky Brands Warns of Tariff Impact


Net income increased 11% in the third quarter to $5,616,000 from $5,045,000 on 2% higher sales of $67,179,000 up from $65,916,000, but RCKY said that the Q4 bottom line would be pressured by List 4 tariffs. Revenue for the year is still expected to be up mid-single digits. RCKY would not put a number on the tariff impact as it is trying to mitigate the effect the same way most companies are, by negotiating better terms with suppliers, re-sourcing outside of China to the Dominican Republic, and some price increases. In ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.