Weyco Group

Weyco Group, Inc. engages in the design, production and trade of footwear for men, women and children. It operates through the following segments: North American Wholesale Operations and North American Retail Operations. The North American Wholesale Operations segment includes selling products to department stores and specialty shops in the United States and Canada. The North American Retail Operations segment operates online shops and company-owned stores in cities. The company was founded in 1906 and is headquartered in Glendale, WI.

Earnings data Q1 2024

WEYS reports record Q1 earnings, strengthens financial position

WEYS delivered a strong performance in Q1 2023, achieving record net sales, gross earnings, operating earnings, and net earnings. The company's financial position strengthened with increased cash and marketable securities, along with a higher cash dividend per share. However, effective inventory management and monitoring of supply chain challenges will be important. The company also has opportunities for diversification and strategic investments.

Weyco Group achieves Q2 record net earnings amidst declining sales

Weyco Group's Q2 2023 performance reflects a decline in net sales, particularly in the North American wholesale segment, offset by a record performance in the retail segment. The company achieved a Q2 record in net earnings and demonstrated strength in improving consolidated gross earnings. However, challenges lie in managing declining net sales, operational changes, and addressing shifts in consumer purchasing behavior. Despite these challenges, Weyco Group has opportunities to leverage its retail segment's performance and strategic reallocation of resources.

WEYS reports decline in Q3 earnings but maintains financial discipline

WEYS faced a decline in sales and earnings, primarily driven by challenging retail market conditions. However, the company exhibited financial discipline by reducing inventory and maintaining a healthy cash position. Despite the challenges, WEYS has opportunities to address market conditions and optimize its financial performance.

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MILWAUKEE, WI, April 08, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce first quarter 2024 financial results after the close on Tuesday, May 7, 2024.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 8, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. First Quarter 2024 Earnings Conference Call

Weyco Group, a small footwear designer and distributor, is experiencing weakness in revenue but has strong profits and cash flows. The decline in revenue is attributable to market saturation and lower demand, particularly in the outdoor market. Despite the decline in revenue, WEYS's profitability metrics have improved, and its shares are trading at a discount compared to similar firms.

Weyco Group Needs Some More Time To Play Out

Weyco Group, Inc. (NASDAQ:WEYS ) Q4 2023 Earnings Conference Call March 6, 2024 11:00 AM ET Company Participants Tom Florsheim - Chairman and Chief Executive Officer Judy Anderson - Chief Financial Officer Conference Call Participants David Wright - Henry Investment Trust Operator Good day and thank you for standing by. Welcome to the Weyco Group Inc. Fourth Quarter and Full Year 2023 Earnings Release Conference Call.

Weyco Group, Inc. (WEYS) Q4 2023 Earnings Call Transcript

MILWAUKEE, March 05, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2023.

Weyco Reports Fourth Quarter and Full Year 2023 Results

MILWAUKEE, WI, Jan. 22, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2023 financial results after the close on Tuesday, March 5, 2024.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 6, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Fourth Quarter and Full Year 2023 Earnings Conference Call

Weyco Group, Inc. (NASDAQ:WEYS ) Q3 2023 Earnings Conference Call November 8, 2023 11:30 AM ET Company Participants Judy Anderson - CFO Tom Florsheim - Chairman & CEO John Florsheim - President & COO Conference Call Participants John Deysher - Pinnacle Operator Good day and thank you for standing by. Welcome to the Weyco Group Third Quarter 2023 Earnings Release Conference Call.

Weyco Group, Inc. (WEYS) Q3 2023 Earnings Call Transcript

MILWAUKEE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended September 30, 2023.

Weyco Reports Third Quarter Sales and Earnings

Milwaukee, WI, Oct. 12, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce third quarter 2023 financial results after the close on Tuesday, November 7, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 8, 2023, at 11:30 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Third Quarter 2023 Earnings Conference Call

Weyco Group reported an impressive increase in operating margins driven by higher selling prices and lower operating expenses. If we also take into account improvements in the profitability of the e-commerce activities and headcount increases, I think that the free cash flow will most likely trend higher. Despite potential risks, such as failed commercialization or brand destruction, there is significant upside potential in Weyco's stock valuation.

Weyco: Cheap, Impressive Quarterly Earnings Increase, And E-Commerce Improvements

Weyco Group, Inc. (NASDAQ:WEYS ) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Judy Anderson - Vice President, Chief Financial Officer and Secretary Tom Florsheim - Chairman and Chief Executive Officer Operator Good day, and thank you for standing by. Welcome to the Weyco Group Second Quarter 2023 Conference Call.

Weyco Group, Inc. (WEYS) Q2 2023 Earnings Call Transcript

MILWAUKEE, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended June 30, 2023.

Weyco Reports Second Quarter Sales and Earnings

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MILWAUKEE, WI, July 13, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2023 financial results after the close on Tuesday, August 1, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 2, 2023, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Second Quarter 2023 Earnings Conference Call

Weyco Group, Inc. (NASDAQ:WEYS ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Judy Anderson - Chief Financial Officer Thomas Florsheim - Chairman & Chief Executive Officer Conference Call Participants David Wright - Henry Investment Trust Operator Good day and thank you for standing by. Welcome to the Weyco Group First Quarter 2023 Earnings Release Conference Call.

Weyco Group, Inc. (WEYS) Q1 2023 Earnings Call Transcript

Weyco posted record-breaking sales and earnings for the first quarter. Earnings per share increased by 84%. The company finally increased its dividend by 4% after a long period of steady dividend payments.

Weyco Group: The Shoe Sales Are Shining

MILWAUKEE, May 02, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended March 31, 2023.

Weyco Reports First Quarter Sales And Earnings

Milwaukee, WI, April 05, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce first quarter 2023 financial results after the close on Tuesday, May 2, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 3, 2023, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. First Quarter 2023 Earnings Conference Call

Weyco Group, Inc. (NASDAQ:WEYS ) Q4 2022 Earnings Conference Call March 8, 2023 11:00 AM ET Company Participants Judy Anderson - CFO Thomas Florsheim - Chairman & CEO John Florsheim - President and COO Conference Call Participants John Deysher - Pinnacle David Wright - Henry Investment Trust Operator Good day, and thank you for standing by. Welcome to the Weyco Group Fourth Quarter 2022 Earnings Release Conference Call.

Weyco Group, Inc. (WEYS) Q4 2022 Earnings Call Transcript

MILWAUKEE, March 07, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2022.

Weyco Reports Fourth Quarter And Full Year 2022 Results

Milwaukee, WI, Jan. 09, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2022 financial results after the close on Tuesday, March 7, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 8, 2023, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call

Weyco Group, Inc. (NASDAQ:WEYS ) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Judy Anderson - Chief Financial Officer Thomas Florsheim - Chairman & Chief Executive Officer Conference Call Participants David Wright - Henry Investment Trust L.P. John Deysher - Pinnacle Value Fund Operator Good day, and thank you for standing by.

Weyco Group, Inc. (WEYS) Q3 2022 Earnings Call Transcript

Milwaukee, WI, Oct. 10, 2022 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce third quarter 2022 financial results after the close on Tuesday, November 1, 2022.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 2, 2022, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Third Quarter 2022 Earnings Conference Call

Weyco Group, Inc. is recovering fast from the pandemic sales slump and is on the path to reach pre-pandemic sales and profitability levels. Weyco pays a high and well-covered dividend, boosted by moderate stock repurchases.

Weyco: A Fairly Valued Dividend Stock With A Strong Balance Sheet

WEYCO Group, Inc. (NASDAQ:WEYS ) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Judy Anderson - VP, CFO & Secretary Thomas Florsheim - Chairman & CEO Conference Call Participants John Deysher - Bertolet Capital Trust Operator Good day, and thank you for standing by. Welcome to Second Quarter 2022 Earnings Release Conference Call.

WEYCO Group, Inc. (WEYS) CEO Thomas Florsheim on Q2 2022 Results - Earnings Call Transcript

Milwaukee, WI, July 12, 2022 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2022 financial results after the close on Tuesday, August 2, 2022.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 3, 2022, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

News for Weyco Group Stock (WEYS)