Revenue during the quarter grew 9.63 percent to $63.07 million from $57.53 million in the previous year period. Gross margin for the quarter contracted 156 basis points over the previous year period to 31.31 percent. Operating margin for the quarter period stood at positive 3.75 percent as compared to a negative 0.38 percent for the previous year period.

Operating income for the quarter was $2.37 million, compared with an operating loss of $0.22 million in the previous year period.

Mike Brooks, chairman and chief executive officer, commented, “Our first quarter results represent a solid start to 2017. We achieved approximately 10% top-line growth by more than doubling our military segment sales to a quarterly record $12 million. Importantly, we were able to fulfill this significant increase in military footwear demand at margins well above the last half of 2016 due to improved efficiencies at our company-operated production facility in Puerto Rico. At the same time, sales trends in our wholesale segment have stabilized, particularly in Work and Western, our two largest categories. On top of this, wholesale gross margins improved meaningfully year-over-year driven by a higher mix of full priced selling. The actions we have taken over the past six months to better position the company for profitable growth are clearly gaining traction. While there is still work ahead of us in order to maximize shareholder value over the long-term, we are confident we are heading in the right direction."