Weyco Earnings Reports

Weyco reported Q4 2024 revenue of $80.5 million, remaining flat compared to the prior year. Net earnings increased by 17% to $10.0 million, driven by improved cost efficiencies and lower operating expenses. The wholesale segment grew 1% to $60.4 million, with strong sales in Florsheim and Nunn Bush. However, a decline in BOGS and Stacy Adams sales offset some of the gains. Gross margin fell to 47.9% from 50.3% in Q4 2023.

Weyco Group reported a decrease in net sales, earnings from operations, and net earnings for the third quarter of 2024 compared to the same period in 2023. The decline was primarily attributed to soft consumer demand and unseasonable weather impacting sales across various brands and segments.

Weyco Group reported a 5% decrease in net sales to $63.9 million, but achieved a record net earnings of $5.6 million, up 15% from the previous record in Q2 2023. Diluted earnings per share increased to $0.59 from $0.50 in the previous year. The wholesale segment showed signs of recovery, while the retail segment remained flat.

Weyco Group reported a decrease in consolidated net sales by 17% to $71.6 million compared to the previous year. However, the retail segment achieved a record first-quarter net sales of $9.8 million, up 10%. Net earnings were $6.7 million, or $0.69 per diluted share, compared to $7.4 million, or $0.78 per diluted share, in the first quarter of 2023.

Weyco Group reported a decrease in net sales and operating income for the fourth quarter of 2023, with net sales down 19% and operating income down 24%. However, gross margin improved, particularly in the North American wholesale segment. Net earnings also decreased, from $10.2 million to $8.5 million.

Weyco Group reported a decrease in net sales by 13% to $84.2 million compared to the record third quarter in 2022. However, consolidated gross earnings increased to 43.0% of net sales. Quarterly net earnings totaled $9.3 million, or $0.98 per diluted share, compared to $10.8 million, or $1.12 per diluted share, last year.

Weyco Group reported a decrease in net sales for the second quarter of 2023, but net earnings reached a record high due to improved gross margins and controlled expenses. The company faces headwinds in the second half of the year due to tough comparisons against the previous year's record results.

Weyco Group announced record first-quarter results, with net sales reaching $86.3 million, a 6% increase compared to the previous year. Operating earnings increased by over 90% to $10.4 million, and net earnings rose by 84% to $7.4 million, or $0.78 per diluted share. The company's performance was boosted by the Florsheim brand and strategic cost management initiatives.

Weyco Group reported a decrease in net sales for the fourth quarter of 2022, but experienced an increase in gross earnings and operating earnings. The company's North American wholesale segment saw a decrease in net sales, while the retail segment achieved record net sales. The company's other operations, primarily Florsheim Australia, also saw an increase in net sales.

Weyco Group reported record third-quarter net sales of $97.0 million, a 57% increase compared to the previous year. The company's net earnings also reached a record $10.8 million, or $1.12 per diluted share, more than double the earnings from the same quarter last year.

Weyco Group reported record second-quarter net sales of $74.4 million, a 29% increase compared to the previous year. Net earnings also reached a record $4.5 million, or $0.47 per diluted share, up from $3.8 million, or $0.39 per diluted share, in the second quarter of 2021.

Weyco Group reported record first-quarter net sales of $81.4 million, a significant increase compared to $46.9 million in 2021. Net earnings rose to $4.1 million, or $0.42 per diluted share, up from $1.3 million, or $0.14 per diluted share, last year.

Weyco Group announced record fourth-quarter results, with net sales reaching $101.4 million and net earnings of $10.3 million, or $1.07 per diluted share. The company saw growth across all segments, driven by strong demand and recovery from the COVID-19 pandemic.

Weyco Group, Inc. reported net sales of $61.8 million and net earnings of $5.1 million, or $0.52 per diluted share, for the third quarter of 2021. The company experienced growth in its North American wholesale and retail segments, with strong demand across all brands and significant e-commerce growth.

Weyco Group reported a strong recovery in Q2 2021, with net sales reaching $57.6 million compared to $16.6 million in Q2 2020. Operating earnings were $4.5 million, a significant improvement from the $13.0 million operating losses in the same period last year. Net earnings rose to $3.8 million, or $0.39 per diluted share, compared to a net loss of $8.9 million, or $0.91 per diluted share, in Q2 2020.

Weyco Group reported a decrease in net sales but an increase in earnings from operations and net earnings for the first quarter of 2021. Sales were impacted by the ongoing pandemic, but there were improvements in the North American Retail Segment and overseas.

Weyco Group reported net sales of $62.0 million and net earnings of $5.1 million for the fourth quarter of 2020. Diluted earnings per share were $0.52. The company returned to profitability in the fourth quarter due to strategic decisions and cost-cutting measures.

Weyco Group's top-line was challenged by the effects of the COVID-19 pandemic, but they were encouraged by the recent pick-up in orders in their wholesale business. E-commerce websites performed strongly, and measures were taken to right-size the cost structure, which allowed them to return to profitability in their wholesale business in the third quarter.

Weyco Group's second quarter results were significantly impacted by the COVID-19 pandemic, with net sales decreasing to $16.7 million compared to $60.5 million in the same quarter of the previous year. The company reported an operating loss of $13.0 million and a net loss of $8.9 million, with a diluted loss per share of $0.91.

Weyco Group, Inc. reported a 14% decrease in net sales and a significant drop in earnings for the first quarter of 2020, primarily due to the impact of the COVID-19 pandemic, which led to widespread retail store closures and disruptions in its wholesale business.

Weyco Group's Q4 2019 net sales decreased by 3% to $86.9 million compared to Q4 2018. Net earnings attributable to the company totaled $8.8 million, an 8% decrease. Diluted earnings per share were $0.90, compared to $0.93 in the prior year.