Rocky Shoes & Boots reports record Q2 results
Rocky Shoes & Boots, Inc. has announced record financial results for the second quarter and six month period ended June 30, 2005. For the three months ended June 30, net sales increased 139% to reach a record $65.5 million compared with $27.4 million for the corresponding period a year ago. Net income rose to a record $2.8 million versus $1.4 million last year.
For the six months ended June 30, 2005, net sales increased 158% to a record $127.0 million compared with $49.3 million for the six months ended June 30, 2004. Net income rose to $3.9 million versus $1.5 million a year ago. This was primarily a result of the EJ Footwear acquisition in January 2005, which contributed $77.9 million in revenue during the period.
Mike Brooks, chairman and CEO of Rocky Shoes & Boots, stated, "The combination of Rocky and EJ Footwear has created a powerful new operating platform and we are committed to capitalising on our growing position in the market."