Net sales for the second quarter decreased 12.5% to $57.3 million compared to $65.5 million a year ago. The decrease in sales is primarily attributable to weaker than expected results in outdoor footwear and apparel, and a decline in footwear sales to the military, which were zero in the second quarter compared to $5.8 million in the second quarter of 2005.
Based on second quarter results and current business trends, Rocky brands now anticipates net sales to be approx. $265 million for the year ended December 31, 2006.
Brooks concluded, "We remain confident about the vitality of our entire portfolio of brands, including the recent additions of Zumfoot and Michelin which will further diversify our operations and provide us entree into new markets and broader channels of distribution.”
Rocky Brands Inc is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and the licensed brands Dickies, Zumfoot and Michelin.
marketing@alchempro.com
