Rocky Brands Inc.'s Q4 sales increased 2.8% to $72.5 million from $70.6 million as gains at retail offset declines in its outdoor and western footwear divisions. Hunting footwear sales slid 38.2% to $6.8 million from $11.0 million primarily due to a more competitive landscape, combined with a slowdown in industry-wide sales.  Retail sales increased 31.9% to $19.0 million from $14.4 million, while wholesale revenues fell 7.3% to $52.0 million from $56.1 million.  Sales in its Work segment increased slightly to $25.3 million from $25 million. In its Western segment, sales were $10.0 million versus $10.9 million a year ago. Durango women's experienced a significant decline due to shift away from fashion-forward product.


Rocky reported a Q4 loss of $23.6 million, or $4.31 per share, after a non-cash charge of $23.5 million, or $4.29, for goodwill impairment. In the year-ago period, the company’s net loss was $800,000, or a penny per share, after a charge of $500,000, or nine cents per share, reflecting the write-down of intangible assets related to the Gates trademark. Excluding these charges, the net loss  was $100,000, or two cents per share, compared to a net income of $400,000, or eight cents per share, a year ago.