×
90 468
Fashion Jobs
KOHLS
Distribution Center Operations Manager
Permanent · Patterson
PAUL SMITH
Sales Supervisor- Wooster Street
Permanent · NEW YORK
URBN
Urbn Urban Outfitters Inc. Inventory Control/Quality Audit
Permanent · RENO
H&M
Senior Director, Sales Component Engineering
Permanent · ATLANTA
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
PRIMARK
Visual Merchandising Manager- Downtown Crossing
Permanent · BOSTON
PRIMARK
Visual Merchandising Manager-Concord Mills
Permanent · CONCORD
PRIMARK
Visual Merchandising Manager - Crossgates
Permanent · ALBANY
PRIMARK
Visual Merchandise Manager- Jersey Gardens
Permanent · ELIZABETH
PRIMARK
Visual Merchandise Manager- Green Acres
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager- Walden
Permanent · BUFFALO
PRIMARK
Visual Merchandise Manager- Woodfield Mall- New Store
Permanent · SCHAUMBURG
SACKS
Vendor Compliance Analyst
Permanent · WILKES-BARRE
SACK OFF 5TH
Asset Protection Investigator
Permanent · BOCA RATON
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODSTOCK
UNDER ARMOUR
sr. Manager Inventory Control And Quality Assurance
Permanent · SPARROWS POINT
BLOOMINGDALE'S
Asset Protection Outlet Supervisor, Full Time - Mission Valley
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Palm Beach Garden
Permanent · Palm Beach Gardens
BLOOMINGDALE'S
Asset Protection Outlet Detective, Full Time - Upper West Side
Permanent · New York
MACY'S
Asset Protection Security Guard, Mall of Georgia - Part Time
Permanent · Buford
MACY'S
Brand Sales Specialist - Polo, Miami International - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Montclair Plaza - Full Time
Permanent · Montclair
Published
Jul 25, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Rocky Brands second-quarter profit lifts on sales gains

Published
Jul 25, 2019

Rocky Brands Inc. reported its second-quarter and half-year 2019 results on Wednesday, announcing net sales growth in the mid-single digits for the quarter, driven by double-digit retail sales growth.


Rocky Brands


The Nelsonville, Ohio-based company said net sales increased 6.4% to $62 million for the three months ending June 30, 2019, compared to $58.2 million in the second quarter of 2018.

​The footwear company, which operates the Rocky, Georgia Boot, Durango and Lehigh brands, reported second quarter net income of $3.2 million, or $0.42 per diluted share, compared to net income of $2.6 million, or $0.35 per diluted share in the second quarter of 2018.

By channel, retail sales for the quarter increased 20.2% to $14.1 million, while wholesale revenues gained 2.1% for $40.6 million. Military segment sales for the quarter gained 8.4% to $7.2 million, said the company.

"​We delivered another quarter of very solid results highlighted by year-over-year sales increases in all three of our segments and a nice improvement in overall profitability," said ​Jason Brooks, president and CEO. 

"Our top-line performance was driven by twenty-plus percent growth in our retail division as our Lehigh CustomFit model gained further traction with existing and new accounts. At the same time, the combination of compelling products, impactful marketing programs and enhanced retailer support fueled gains in our wholesale business including our work, western, outdoor and domestic commercial military categories."

For the six months ending June 30, Rocky Brands revenues ​rose 6.9% to $127.9 million. The U.S. company reported net income of $6.8 million, or $0.91 per diluted share for the half-year period.

Addressing the escalating U.S.-China trade tensions during the first half of 2019, Brooks said the company refocused its manufacturing over the last six months, in preparation for any tariff increases on footwear imports. The result lead to improved efficiencies and better margins.

"We’ve bolstered our internal manufacturing capabilities which is driving improved efficiencies and increased margins while also providing the company with alternative sourcing options in the event of a tariff increase on footwear imports from China," he said.

Copyright © 2022 FashionNetwork.com All rights reserved.