Footwear and apparel company Rocky Brands said net sales fell 38.4% to $99.8 million, or $101.4 million on an adjusted basis, in Q2. Wholesale segment sales fell 45.5% and Retail segment revenue dropped 3.6%. But the gross margin as a percentage of net sales increased 440 basis points to 37.6%. Income from operations was $2.2 million, or 2.2% of net sales, compared to $5.6 million/3.5% a year ago. Adjusted operating income was $5.7 million/5.6%, down from $7.7 million/4.8%. The net loss was $2.7 million.

Delta Apparel’s Q3 saw a “more normalized operating environment” but net sales fell to $106.3 million from $126.9 million and gross margins were 13.1%, down from 24.2%, “driven primarily by production curtailments intended to match manufacturing output with lighter market demand, as well as inflationary cotton costs”. Operating income fell from $9.3 million, or 7.3% of sales, to an operating loss of $4.5 million, or -4.2% of sales. Net income declined from $6.2 million to a loss of $6.3 million.

Columbia