Rocky Brands, Inc. Provides Sales Guidance for the Fourth Quarter and Full Year of 2023
November 01, 2023 at 04:30 pm EDT
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Rocky Brands, Inc. provided sales guidance for the fourth quarter and full year of 2023. For the quarter, the company expects sales improved sequentially from the third quarter of 2023 and decline in fourth quarter on a year-over-year basis, further moderates compared to recent trends.
For the full year, the company expects net sales to be approximately $470 million.
Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel. It markets its products under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, XTRATUF, Ranger and the licensed brand Michelin. It operates through three segments: Wholesale, Retail and Contract Manufacturing. Its Wholesale segment distributes products through a range of distribution channels representing over 10,000 retail store locations in the United States, Canada, United Kingdom, and others. Retail segment markets directly to consumers through its Lehigh business-to-business, including direct sales and through its CustomFit Websites, consumer e-commerce Websites, third-party marketplaces, and Rocky outlet stores. Its Contract Manufacturing segment includes sales to the United States Military, private label sales and any sales to customers in which it is contracted to manufacture or source a specific footwear product for a customer.
ROCKY BRANDS, INC. 
