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.
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.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its third quarter 2020 financial results on November 3, 2020, after market closure. A conference call will be held on November 4, 2020, at 11:00 a.m. ET, led by Chairman and CEO Thomas W. Florsheim, Jr. Participants must pre-register online to access the call. WEYCO specializes in footwear for men, women, and children, with brands like Florsheim and Nunn Bush. The products are sold in various retail and e-commerce outlets globally.
Weyco Group, Inc. reported a significant downturn in its Q2 2020 financial results, primarily due to the COVID-19 pandemic. Net sales fell to $16.7 million, down from $60.5 million in Q2 2019. Operating losses reached $13.0 million, a sharp decline from $1.9 million in the same period last year. The company's net loss was $8.9 million, contrasting with a net profit of $1.5 million in Q2 2019. Despite these challenges, the company declared a $0.24 per share dividend, emphasizing strong liquidity and cost management as priorities.
WEYCO Group, Inc. (NASDAQ: WEYS) will release its second quarter 2020 financial results on August 4, 2020, post-market. CEO Thomas W. Florsheim, Jr. will lead a conference call the next day at 11:00 a.m. ET to discuss the details. Interested participants must pre-register online to join the call. WEYCO Group designs and markets footwear for men, women, and children under brands like Florsheim and Nunn Bush, with products available in stores and e-commerce platforms globally. Further information can be found on their investor relations website.