US: Rocky Brands Q1 profit flat at $0.8m
Gains in Rocky Brands' work and outdoor segments were offset by a decrease in its western business, keeping first quarter profit little changed from last year at the footwear and apparel maker.
For the quarter to 31 March, net income was $0.8m versus $0.9m, and diluted earnings per share were $0.14 compared to $0.16 a year ago.
Net sales rose 7.2% to $61.7m from $57.5 million in the first quarter of 2006, boosted by year-on-year improvements in the company's work footwear category and retail operations.
The company, whose brands include Rocky Outdoor Gear, Georgia Boot and Durango, as well as licensed brands Dickies, Zumfoot and Michelin, reiterated previous guidance for fiscal 2007 revenues to increase 5% over 2006 levels.
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