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Article Date: November 2023
Word Count: 332

Rocky Brands Gets Costs Under Control in Q3


Improving margin profiles sent net income up 20% to $6,827,000 from $5,691,000 in Q3 even as the top line shrank 15% to $125,614,000 from $147,486,000, on 17% lower wholesale revenue of $99.7 million and a 5% gain in retail to $24.5 million. Contract manufacturing for military suppliers and private label programs contributed $1.4 to the top line. Excluding the divesture of NEOS last Q3, total net sales were down 13%, with wholesale down 15%. Retail’s 5% improvement came on double-digit gains in each of the owned e-commerce sites (Rocky, Durango, Georgia, ... Log in to view full article.

 


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