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Sep 30, 2020
Weyco Q3 2020 Earnings Report
Weyco Group reported third quarter sales and earnings.
Key Takeaways
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.
North American wholesale net sales were $44.0 million, down from $67.8 million in the third quarter of 2019.
BOGS third quarter net sales rose 6% compared to last year.
North American retail net sales were $4.4 million, down from $5.2 million in the third quarter of 2019, partly due to closing three unprofitable retail stores.
Other net sales, including Florsheim Australia and Florsheim Europe, were $4.8 million, down from $9.5 million in the third quarter of 2019.
Weyco
Weyco
Weyco Revenue by Segment
Revenue by Segment
North American Wholesale Revenue
CapyFin.comNorth American Retail Revenue
CapyFin.comFlorsheim Australia Revenue
CapyFin.com Forward Guidance
The company looks forward to building upon the momentum as they move into the final months of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income