Rocky Brands, a producer and designer of clothing and footwear, had second-quarter net sales of US$162 million. That is a growth of 23.1%! The retailer reported US $ 131.6 million for Q2 2021. The quarter’s wholesale sales increased significantly by 29.7% to US$131.2 million from US$101.1 million in the same quarter last year. The company’s retail sales for Q2 increased by 16.4% to US $ 26 million from US $ 22.3 million in the same quarter last year.
The wholesale sales in the quarter rose by a good 29.7 per cent to US $ 131.2 million from US $ 101.1 million for the same quarter a year earlier. The company’s Q2 retail sales rose by 16.4 per cent to US $ 26 million compared to US $ 22.3 million recorded in the same period a year before.
Rocky Brands reported a gross margin of US$53.8 million, or 33.2% of net sales, during the second quarter. In Q2 of the same year, the amount was US $ 49.2 million. The growth in operating expenses was primarily due to higher outbound freight expense and higher variable expenses associated with the increase in sales. Founded in 1932, the US firm designs, develops, manufactures and markets outdoor, work, western and military footwear, and other outdoor and work apparel and accessories.
