Weyco Group Inc Stock Price, News & Analysis

Weyco Group, Inc. (NASDAQ: WEYS) reported Q2 2021 net sales of $57.6 million, a significant increase from $16.6 million in Q2 2020, with net earnings rising to $3.8 million, or $0.39 per diluted share, compared to a loss of $8.9 million last year. The company acknowledged that pandemic impacts may limit year-over-year comparisons, but noted sales recovered to about 95% of Q2 2019 levels. The acquisition of Forsake, Inc. for approximately $2.6 million is expected to enhance growth, particularly in e-commerce. A cash dividend of $0.24 per share was declared, payable on September 30, 2021.

WEYCO Group, Inc. (NASDAQ: WEYS) will announce its second quarter 2021 financial results on August 3, 2021, after market close. CEO Thomas W. Florsheim, Jr. will lead a conference call on August 4, 2021, at 11:00 a.m. ET to discuss the results. Interested participants must pre-register online for the call, which will provide a phone number and passcode. Weyco Group is noted for its innovative footwear marketed under brands like Florsheim and Nunn Bush, available in various retail and e-commerce channels globally.

Weyco Group, Inc. (NASDAQ: WEYS) has acquired substantially all assets of Forsake, Inc., a distributor of outdoor footwear, for approximately $2.5 million, with contingent payments of about $1.75 million based on performance. This acquisition aims to enhance Weyco's presence in the outdoor footwear market. Forsake will operate under Weyco's outdoor division, joining BOGS, and will continue to be led by its co-founders. The integration is expected to benefit from Weyco's established infrastructure, promoting growth in a competitive segment of the outdoor market.

Weyco Group, Inc. (NASDAQ: WEYS) reported financial results for Q1 2021, with net sales of $46.9 million, down from $63.6 million in Q1 2020. Net earnings increased to $1.3 million, up from $1.2 million, with diluted earnings per share at $0.14 compared to $0.12 last year. The North American Wholesale Segment saw net sales of $33.4 million, a decrease from $52.7 million in the prior year, impacted by the pandemic. Conversely, BOGS brand sales rose 32%. The company declared a cash dividend of $0.24 per share and will hold a conference call on May 5, 2021.

WEYCO Group, Inc. (NASDAQ: WEYS) is set to announce its first quarter 2021 financial results on May 4, 2021, following the market close. The company’s CEO Thomas W. Florsheim, Jr. will host a conference call on May 5, 2021, at 11:00 a.m. ET to discuss these results in detail. Investors wishing to participate must pre-register online.

WEYCO specializes in designing and marketing quality footwear, including brands such as Florsheim and Nunn Bush, available in various retail channels and e-commerce platforms.

Weyco Group, Inc. (NASDAQ:WEYS) reported Q4 2020 net sales of $62 million, down from $86.9 million in Q4 2019. Earnings decreased to $5.1 million or $0.52 per diluted share, compared to $8.8 million or $0.90 per share a year prior. The North American wholesale segment saw a decline in sales to $46.2 million, with a notable impact from the pandemic. However, e-commerce sales rose by 15%. For the full year, net sales were $195.4 million, down from $304 million in 2019, leading to a net loss of $8.5 million. On a positive note, the company declared a dividend of $0.24 per share.

WEYCO Group, Inc. (NASDAQ: WEYS) will announce its fourth quarter and full year 2020 financial results on March 9, 2021, after market close. CEO Thomas W. Florsheim, Jr. will host a conference call on March 10, 2021, at 11:00 a.m. ET to discuss the results. Interested participants must pre-register online, and a replay of the call will be available for one year. WEYCO markets footwear brands including Florsheim, Nunn Bush, and BOGS globally, available in stores and online.

Weyco Group, Inc. (NASDAQ: WEYS) has accelerated the payment date for its regular quarterly dividend of $0.24 per share, moving it from January 4, 2021 to December 31, 2020. The record date remains November 30, 2020. This decision reflects the company's commitment to returning value to shareholders and may enhance investor confidence. Weyco Group specializes in designing and marketing quality footwear for men, women, and children under brands like Florsheim and Nunn Bush.

Weyco Group, Inc. (NASDAQ: WEYS) reported a net sales decline to $53.2 million for Q3 2020, down from $82.5 million in Q3 2019. The company recorded a net loss of $5.9 million or $0.60 per diluted share, contrasting with $6.6 million earnings in the previous year. The wholesale segment's sales fell to $44.0 million, down significantly from $67.8 million. Notably, while BOGS sales increased by 6%, major brands like Florsheim saw sales decrease by up to 58%. Weyco's Board declared a $0.24 cash dividend per share, payable on January 4, 2021.