Weyco Group Inc Stock Price, News & Analysis

WEYCO Group, Inc. (NASDAQ: WEYS) plans to announce its third quarter 2022 financial results on November 1, 2022. Following the results, Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on November 2, 2022, at 11:00 a.m. ET for a detailed discussion. Investors can pre-register online to participate, ensuring they receive the call-in details. Weyco Group specializes in designing and marketing innovative footwear for men, women, and children, with brands like Florsheim and Nunn Bush available through various retail and e-commerce channels.

Weyco Group, Inc. (NASDAQ: WEYS) reported a record second-quarter revenue of $74.4 million, a 29% increase from $57.6 million in Q2 2021. Gross earnings improved to 40% of net sales, up from 39.4%. Operating earnings rose 25% to $5.7 million, while net earnings hit a record $4.5 million ($0.47 per diluted share). The North American wholesale segment led with a 41% sales increase, driven by brands like Florsheim and Stacy Adams, which each saw a 47% rise. However, overall expenses increased, primarily due to higher employee costs.

WEYCO Group, Inc. (NASDAQ: WEYS) plans to release its second quarter 2022 financial results on August 2, 2022, after market close. Following the release, a conference call hosted by Chairman and CEO Thomas W. Florsheim, Jr. will take place on August 3, 2022, at 11:00 a.m. Eastern Time. Participants must pre-register online to receive call details. WEYCO Group markets quality footwear for men, women, and children under recognized brands such as Florsheim and Nunn Bush, available in stores and online globally.

Weyco Group, Inc. (NASDAQ: WEYS) reported a record first-quarter net sales of $81.4 million for the period ending March 31, 2022, up from $46.9 million in 2021. Gross earnings comprised 35.8% of net sales, a decline from 41.2% last year, primarily due to lower wholesale margins and higher inbound freight costs. Quarterly net earnings rose to $4.1 million or $0.42 per diluted share, compared to $1.3 million or $0.14 in 2021. Despite challenges, net sales exceeded 2019 levels by 10%.

WEYCO Group, Inc. (NASDAQ: WEYS) will announce its first quarter 2022 financial results on May 3, 2022, after market close. Following this, Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on May 4, 2022, at 11:00 a.m. Eastern Time to discuss the results in depth. Participants must pre-register online for the call, which will also be accessible via a replay for one year. WEYCO Group designs and markets innovative footwear for men, women, and children under various recognized brand names.

Weyco Group, Inc. (NASDAQ: WEYS) announced record financial results for Q4 2021, reporting net sales of $101.4 million, up from $62.0 million in Q4 2020. Gross earnings were 40.2% of net sales, down from 44.5% year-over-year, mainly due to lower wholesale margins. Net earnings hit a record $10.3 million, or $1.07 per diluted share, compared to $5.1 million, or $0.52 per diluted share in Q4 2020. For the full year, net sales reached $267.6 million, up from $195.4 million in 2020, with net earnings at $20.6 million, compared to net losses of $8.5 million in 2020.

WEYCO Group, Inc. (NASDAQ: WEYS) plans to announce its fourth quarter and full year 2021 financial results on March 8, 2022. Following this, CEO Thomas W. Florsheim, Jr. will conduct a conference call on March 9, 2022, at 11:00 a.m. ET to discuss the results. Participants need to pre-register online to join the call. The company, known for its quality footwear brands like Florsheim and Nunn Bush, aims to provide insights into its performance during this period.

Weyco Group, Inc. (NASDAQ: WEYS) reported a significant rebound in financial performance for Q3 2021, with net sales of $61.8 million, up from $53.2 million in Q3 2020. Operating earnings were $6.7 million compared to losses of $3.8 million last year. Net earnings rose to $5.1 million, or $0.52 per diluted share, reversing a net loss of $5.9 million in the prior year. The North American wholesale segment saw sales increase to $50.2 million, while retail sales reached $6.3 million, reflecting a 49% rise. A cash dividend of $0.24 per share was declared for shareholders on November 2.

Weyco Group, Inc. (NASDAQ: WEYS) announced the retirement of Senior Vice President and CFO John F. Wittkowske, effective May 6, 2022. He will be succeeded by Judy Anderson, who joined the Company in 1996 and has extensive financial experience, including her most recent role as Vice President of Finance and Treasurer. Weyco designs and markets quality footwear under recognized brands such as Florsheim and Nunn Bush, with products available in various retail channels worldwide.