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 leading designer and distributor of premium footwear brands including Florsheim, Nunn Bush, and BOGS, serving global markets through wholesale partnerships and direct retail channels. This page provides official updates on corporate developments, financial performance, and strategic initiatives impacting the company’s position in the footwear industry.
Investors and industry professionals will find a curated collection of press releases, earnings reports, and operational announcements. Key updates include product launches, partnership agreements, executive appointments, and financial disclosures. All content is sourced directly from the company to ensure accuracy and timeliness.
Regularly updated with verified information, this resource eliminates the need to track multiple sources. Visitors can expect clear categorization of news by type and date, with mobile-friendly formatting for easy access. Bookmark this page or check back frequently to stay informed about WEYS’s latest developments in footwear manufacturing and retail strategy.
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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