Rocky Brands reported a decrease in net sales by 14.8% to $125.6 million, but experienced a 22.8% increase in operating income to $14.3 million and a 20.0% increase in net income to $6.8 million, or $0.93 per diluted share, due to improved retailer inventory positions and consumer demand.
Net sales decreased by 14.8% to $125.6 million.
Gross margin increased by 180 basis points to 37.0%.
Operating income increased by 22.8% to $14.3 million.
Net income increased by 20.0% to $6.8 million, or $0.93 per diluted share.
Company believes they are well positioned to improve on recent trends in the fourth quarter and begin 2024 with an improved balance sheet and good momentum across our business.
Visualization of income flow from segment revenue to net income
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