Wholesale Ladies Apparel

Rocky Brands' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Rocky Brands, Inc. ( RCKY ) Q2 2011 Earnings Call July 26, 2011 4:30 PM ET

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Rocky Brands Second Quarter Fiscal 2011 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be given at that time for you to queue up for questions. (Operator Instructions) I would like to remind everyone that this conference call is being recorded.

And, we’ll now turn the conference over to Brendon Frey of ICR. Thank you. You may begin.

Brendon Frey

Thanks. Before we begin, please note that today’s discussion, including the Q&A period, may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements are based on information and assumptions available at this time, and are subject to change, risk and uncertainties, which may cause actual results to differ materially.

We assume no obligation to update such statements. For a complete discussion of the risks and uncertainties, please refer to today’s press release, and the reports filed with the Securities and Exchange Commission, including Rocky’s Form 10-K for the year-ended December 31, 2010.

I’ll now turn the conference over to Mr. David Sharp, President and Chief Executive Officer of Rocky Brands.

David Sharp

Good afternoon, and thanks for joining us. With me on the call is Jim McDonald, our Chief Financial Officer. Today, for the first time, since the company entered the public market in 1993, Mike Brooks will not be joining us on the call. As we previously announced, Mike transitioned to the role of Chairman of the Board on July 1. While he is not involved directly with this earnings call he is still very much a part of our company, just as he is been for almost 40 years. And the management team here at Rocky Brands is looking forward to benefit from Mike’s guidance and wisdom in the years ahead.

Now to the second quarter, which represented our 8th consecutive quarter of increased earnings on a year-over-year basis. We’re particularly pleased with our recent results as a significant increase in net income on a non-GAAP basis was achieved through improved operating performance highlighted by a 6% rise in wholesale sales or 11% increase from continuing operations, which excludes Dickies and higher gross margins in both the wholesale and retail divisions.

Wholesale Women's Clothing Distributors With Asian Fashoin Style ...

Twitter Wholesale Clothing is the finest wholesale clothing distributor offering wholesale fashion, wholesale dresses & wholesale women’s clothing online. And it is one of the largest wholesale women clothing distributors in China, who delivers great fashion and quality wholesale women apparel deals for women. Wholesale fashion women accessories shoes and sleep wear clothing. ❤ WholesaleClothing4U.

The Dallas wholesale ladies' apparel market, a case study of a market in transition

Dictionary of occupational titles, with O*NET(tm) definitions

Encyclopedia of American Industries: Service & non-manufacturing industries

Boston register and business directory

Caribbean yellow pages