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Dec 31, 2021
Weyco Q4 2021 Earnings Report
Weyco Group reported record sales and net earnings for the fourth quarter of 2021.
Key Takeaways
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.
Consolidated net sales for Q4 2021 were a record $101.4 million, up from $62.0 million in Q4 2020.
Quarterly net earnings rose to a record $10.3 million, or $1.07 per diluted share, compared to $5.1 million, or $0.52 per diluted share, last year.
North American Wholesale segment net sales were $79.9 million, surpassing 2019 levels by 16%.
Retail segment posted its highest-ever quarterly sales and operating earnings results, significantly outpacing 2019 levels by 48% and 116%, respectively.
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
Weyco Group anticipates that supply chain challenges will continue to impact the company at least through the first part of 2022, but looks forward to carrying positive momentum into the next year.
Challenges Ahead
- Supply chain headwinds are expected to persist at least through the first part of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income