Rocky Brands suffers a sharp fall in Q1 sales due to excessive stocks at clients
In the first quarter of 2023, Rocky Brands suffered a 33.9 percent decline in sales to $110.4 million, driven by a 40.2 percent drop in wholesale sales to $80.1 million due to excess inventories at clients. Meanwhile, the company’s own retail sales increased by 3.1 percent to $29.5 million. Contract ...
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