USA: Rocky Q3 Profit Not Tripped Up By Sales Stumble
The Ohio-based company said net sales fell to $30.5m from $38.5m due to lower sales of rugged outdoor footwear and no military boot sales. The shortfall was partially offset by increased sales of occupational footwear and other sales, including clothing.
Mike Brooks, chairman and CEO said in a statement: "We are satisfied with the third quarter results given the difficult sales environment this year.
"Despite the decline in net sales for the most recent quarter, we realised substantial benefits from our restructuring of manufacturing operations and additional cost reduction measures. The Rocky brand remains strong and its appeal is growing through our recent introduction of an expanded line of branded clothing and accessories."
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