Welcome to our dedicated page for Weyco Group news (Ticker: WEYS), a resource for investors and traders seeking the latest updates and insights on Weyco Group stock.
Weyco Group, Inc. (NASDAQ: WEYS) is a Wisconsin-incorporated footwear company that designs and markets branded footwear for men, women, and children. Its brands include Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake, with recent company communications emphasizing Florsheim, Nunn Bush, Stacy Adams, and BOGS as core lines. The company operates through North American wholesale and retail segments and other operations under Florsheim Australia.
This news page aggregates press releases and market updates that Weyco Group issues about its operations and financial performance. Readers can review quarterly and annual earnings announcements, which discuss net sales, gross earnings, earnings from operations, and net earnings, along with commentary on brand-level performance across the company’s portfolio. These releases often highlight trends in wholesale shipments, e-commerce activity, and results from Florsheim Australia’s retail and wholesale businesses in Australia and South Africa.
Company news also covers topics such as the impact of U.S. trade and tariff policies on footwear sourced from China and other countries, including the effect of incremental tariffs on gross margins and sourcing strategies. Management commentary describes steps taken to mitigate tariff-related costs, such as negotiating supplier cost reductions, adjusting pricing, and diversifying sourcing locations.
In addition, Weyco Group regularly announces dividend decisions, including both regular quarterly cash dividends and special cash dividends, and provides details on conference calls to discuss financial results. Governance and financing developments disclosed in Form 8-K filings, such as amendments to the company’s revolving credit facility or changes in board and finance leadership, are also reflected in the company’s news flow. Investors and followers of WEYS can use this page to monitor how the company’s brands, segments, and capital allocation decisions evolve over time.
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%.
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