Rocky Brands‘ net loss improved year over year despite lower sales during the second quarter.

The footwear manufacturer’s net loss stood at $1.2 million. Meanwhile, net sales fell 1.6 per cent to $98.3 million as wholesale sales decreased 4.5 per cent and retail sales rose 4.1 per cent.

This excludes non-recurring sales following the divestiture of the Servus brand, the change to a distributor model in Canada, and temporarily elevated commercial military footwear sales to a single customer throughout last year.

“Strong double-digit gains in sales for our Durango and Xtratuf brands in both our wholesale and e-commerce channels helped offset softness in other areas of our business and generated low-single-digit year-over-year recurring sales growth,” said Jason Brooks, chairman, president, and CEO at Rocky Brands.

“The second quarter was also highlighted by the refinancing of our debt and simplification of our capital structure which is expected to generate approximately $4.4 million in annualised savings beginning in 2025.”