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Rocky Brands, Inc. reported a 23.1% increase in net sales to $162.0 million for the second quarter of 2022. While demand remained solid, the company faced challenges from higher supply chain costs, which impacted profitability. Actions have been taken to address cost pressures and price increases to offset margin headwinds.
Net sales increased 23.1% to $162.0 million.
Operating income was $5.6 million, or $7.7 million on an adjusted basis.
Net income was $0.9 million, or $0.12 per diluted share.
Wholesale sales increased 29.7% to $131.2 million.
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