Weyco Group Inc Stock Price, News & Analysis

Weyco Group (NASDAQ: WEYS) reported Q4 2024 financial results with net sales remaining flat at $80.5 million compared to Q4 2023. The company achieved net earnings of $10.0 million, up 17% from $8.5 million in Q4 2023, with diluted EPS increasing to $1.04 from $0.90.

In the North American Wholesale segment, Florsheim sales grew 22% and Nunn Bush rose 4%, while BOGS declined 17% due to warm weather, and Stacy Adams dropped 8%. The retail segment saw a 1% increase to $14.1 million, driven by higher direct-to-consumer sales.

For full-year 2024, total net sales decreased 9% to $290.3 million, though the company achieved record net earnings of $30.3 million. The company faces new challenges in 2025 with additional U.S. tariffs on Chinese goods, prompting negotiations with suppliers and pricing reviews.

WEYCO Group (NASDAQ: WEYS) has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, March 4, 2025, after market close. Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on Wednesday, March 5, 2025, at 11:00 a.m. Eastern Time to discuss the results.

Participants must pre-register online for the call through a provided link. A replay will be available for one year through the company's website or a dedicated webcast link. WEYCO Group designs and markets footwear primarily for men, but also for women and children, under brands including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The company distributes through footwear, department, and specialty stores, e-commerce platforms, and operates Florsheim concept stores in the United States, Australia, and various international markets.

Weyco Group (NASDAQ: WEYS) has announced a special one-time cash dividend of $2.00 per share, totaling approximately $19.0 million. The dividend will be paid on January 2, 2025, to shareholders of record as of November 18, 2024. The company attributes this decision to strong financial performance resulting in excess cash beyond operational needs, capital expenditures, and corporate obligations. CEO Thomas W. Florsheim, Jr. stated that the company maintains a strong balance sheet and liquidity to support organic growth, business investments, and potential strategic opportunities or share repurchases.

Weyco Group reported Q3 2024 financial results with net sales of $74.3 million, down 12% from Q3 2023. Net earnings decreased 14% to $8.1 million, with diluted EPS of $0.84. The wholesale segment saw a 12% decline to $61.1 million, primarily due to lower sales of Nunn Bush (-20%), Stacy Adams (-17%), and BOGS (-18%) brands. The retail segment decreased 5% to $7.2 million. The Board declared a regular quarterly dividend of $0.26 per share and a special one-time dividend of $2.00 per share, both payable January 2, 2025.

WEYCO Group, Inc. (NASDAQ: WEYS), a global footwear marketer, has announced its plans to release third quarter 2024 financial results after market close on November 5, 2024. The company will host a conference call on November 6, 2024, at 11:00 a.m. Eastern Time, led by Chairman and CEO Thomas W. Florsheim, Jr., to discuss the results in detail.

Participants must pre-register online for the call using the provided link. A replay will be available for one year after the call via webcast. WEYCO Group designs and markets footwear for men, women, and children under brands including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. Their products are sold in various retail channels and e-commerce platforms worldwide. The company also operates Florsheim concept stores in the US, Australia, and other international markets.

Weyco Group reported Q2 2024 financial results with net sales of $63.9 million, down 5% from Q2 2023. Despite the sales decline, the company achieved record net earnings of $5.6 million, up 15% year-over-year. Diluted earnings per share increased to $0.59 from $0.50 in Q2 2023.

The North American Wholesale segment saw mixed results, with Florsheim and Nunn Bush sales up 3% and 8% respectively, while Stacy Adams and BOGS experienced declines. The Retail segment's sales remained flat at $7.6 million. Florsheim Australia's net sales decreased by 23% due to the closure of Asia Pacific operations and fewer retail stores.

The company's gross earnings improved to 43.9% of net sales, up from 43.3% in Q2 2023. Weyco Group's Board of Directors declared a cash dividend of $0.26 per share, payable on September 30, 2024.

WEYCO Group, a global marketer of footwear, will release its second quarter 2024 financial results after the market closes on August 6, 2024. CEO Thomas W. Florsheim, Jr. will host a conference call on August 7, 2024, at 11:00 a.m. Eastern Time to discuss the results. Participants need to pre-register online to join the call. A replay will be available for one year, starting two hours post-call. The company's product portfolio includes brands like Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. These products are sold in leading stores and online globally, with Florsheim concept stores in the U.S., Australia, and other international markets.

Weyco Group, Inc. reported their first quarter financial results for 2024, with consolidated net sales at $71.6 million, a 17% decrease from the previous year. Earnings from operations were $8.3 million, down 21% from the record first quarter in 2023. The North American Wholesale segment experienced a 20% decrease in sales, with the BOGS brand down 48%. Retail segment sales were up 10%, reaching a first-quarter record of $9.8 million. Florsheim Australia saw a 26% decrease in net sales due to challenges in Asia and a loss of a wholesale customer. Despite lower sales, the company remains optimistic about the future demand and increased their quarterly dividend by 4%.