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 reports recurring updates on a branded footwear business that designs and markets shoes for men, women and children under Florsheim, Nunn Bush, Stacy Adams and BOGS. Its products are sold through footwear, department and specialty stores, e-commerce retailers and company-operated Florsheim stores in the United States, Australia and South Africa.
Company news commonly covers quarterly sales and earnings, North American wholesale performance, North American retail activity, brand-level demand, shipping volumes, pricing actions, tariff effects, gross margin trends and discretionary consumer spending. Releases also include earnings-call schedules and capital-return actions such as regular and special cash dividends.
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WEYCO Group, Inc. (NASDAQ: WEYS) will announce its first quarter 2023 financial results on May 2, 2023, after market close. The company, known for its diverse portfolio of footwear brands including Florsheim and Nunn Bush, will conduct a conference call the following day, May 3, 2023, at 11:00 a.m. ET, hosted by Chairman and CEO Thomas W. Florsheim, Jr. Pre-registration for the call is required, and participants can do so online. Following the call, a replay will be available for one year. WEYCO continues to market quality footwear globally, selling through various channels including department stores and e-commerce platforms.
Weyco Group reported its financial results for Q4 and full year 2022 on March 7, 2023. Q4 net sales decreased 2% to $99.0 million, while gross earnings rose to 46.6%. Operating earnings reached a record $15.1 million, up 18%. Full year net sales hit a record $351.7 million, a 31% increase, with net earnings of $29.5 million or $3.07 per share. North American wholesale net sales were $283.2 million, up 38%. The company declared a cash dividend of $0.24 per share, payable March 31, 2023. The results were driven by strong demand for brands like Nunn Bush, while some segments experienced declines due to previous high sales in 2021.