Sales slip at Rocky Brands
US designer and manufacturer of footwear and apparel Rocky Brands, Inc. has reported lower sales for the fourth quarter and full year ended December 31.
For the fourth quarter, net sales decreased to $70.6 million from $74.9 million in the comparable period a year earlier. It also reported a net loss of $0.1 million versus net income of $2.6 million.
For the full year, the company reported net sales of $263.5 million, down from $296 million in 2005 and net income of $4.8 million versus $13 million.
Commenting on the results chairman and CEO, Mike Brooks, stated, “Our revenues came in slightly below our forecast primarily due to continued weakness in our women’s western footwear category during the fourth quarter,” adding, “That said, in the fourth quarter we did witness sales increases in our outdoor footwear and apparel on a year-over-year basis for the first time in 2006 as well as increased sales in our retail business.”
The company’s footwear and apparel is marketed under brand names such as Rocky Outdoor Gear, Georgia Boot,
