Rocky Brands’ net sales dropped by 14.8 per cent to $125.6 million in Q3 FY23, while net income increased to $6.8 million, or $0.93 per share.
Gross margin increased to $46.5 million, or 37 per cent of net sales, up from 35.2 per cent in the same quarter last year.
The company’s operating income was $14.3 million, and inventories fell by 26.5 per cent.