Rocky Shoes & Boots, Inc. anticipates record net sales and record earnings per share for the three months ended September 30, 2004. For the third quarter of 2004, the Company expects net sales to increase approximately 22% to $50 million and fully diluted earnings to meet the consensus estimate of 95 cents per share, an iincrease of more than 23% versus the year-ago period.
RCKY reported net sales of $41 million and fully diluted earnings of 77 cents per share for the same period last year.
Mike Brooks, Chairman and Chief Executive Officer, commented, “The preliminary third quarter results reflect the strength of our business and a commitment to achieve record performance despite challenging conditions. Our factories in Puerto Rico and the Dominican Republic were impacted by multiple hurricanes during the second half of the third quarter. This primarily resulted in loss of power for several days, but the facilities did not incur severe structural damage. We were able to achieve our third quarter production objectives as a result of dedicated efforts throughout the Company.”
