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.
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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.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its fourth quarter and full year 2022 financial results on March 7, 2023, after market close. CEO Thomas W. Florsheim, Jr. will discuss the results during a conference call on March 8, 2023, at 11:00 AM ET. Participants must pre-register online to join the call. Weyco Group markets quality footwear for men, women, and children under various brands such as Florsheim and Nunn Bush, available in both physical stores and e-commerce platforms worldwide.
Weyco Group, Inc. (NASDAQ: WEYS) reported a record-breaking third quarter for 2022, with net sales reaching $97.0 million, an increase of 57% from $61.8 million in Q3 2021. The company's quarterly net earnings were also at a record $10.8 million, translating to $1.12 per diluted share, up from $5.1 million, or $0.52 per share, a year earlier. North American wholesale segment sales hit $81.6 million, up 63% year-over-year. While strong demand fueled growth, the company anticipates lower sales in Q4 due to last year's elevated performance. A dividend of $0.24 per share was declared, payable January 3, 2023.
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.