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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

Weyco Group reports Q1 2024 challenges in wholesale, retail growth

Weyco Group faced challenges in wholesale but saw growth in retail sales.
Efforts in inventory management led to improved gross margins.
Cash position remains strong with no debt and a declared dividend.
Future opportunities lie in retail growth and operational enhancements.

Weyco Group achieves record Q2 earnings amidst sales challenges

Weyco Group delivered a mixed performance in Q2 2024 with declining net sales but improved gross earnings and record net earnings.
The company faces challenges in certain segments like Florsheim Australia and the retail segment, necessitating strategic adjustments.
Despite challenges, Weyco Group has opportunities to leverage its financial strength and address sales declines to drive future growth.
Investors should monitor the company's efforts to enhance operational efficiency and capitalize on its solid cash position for potential growth initiatives.

Weyco Group reports Q3 revenue decline but shows dividend strength

Weyco Group faced challenges with declining net sales and earnings in Q3 2024.
Despite this, the company demonstrated strengths in gross earnings and interest income.
Opportunities exist for growth through strategic initiatives and market expansion.
The special dividend and stable sales in key markets provide some positive outlook.

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Weyco Group, Inc. (WEYS) CEO Tom Florsheim on Q2 2021 Results - Earnings Call Transcript

Milwaukee, WI, July 07, 2021 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2021 financial results after the close on Tuesday, August 3, 2021.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 4, 2021, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Second Quarter 2021 Earnings Conference Call

MILWAUKEE, June 07, 2021 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (the “Company”) today announced that it acquired substantially all of the operating assets and certain liabilities of Forsake, Inc. (“Forsake”), a distributor of outdoor footwear. The principal assets acquired were inventory, accounts receivable, and intellectual property, including the Forsake brand name. The aggregate purchase price was approximately $2.5 million, plus contingent payments paid annually over a period of five years, depending on Forsake achieving certain performance measures. At the acquisition date, the Company's preliminary estimate of the discounted fair value of the contingent payments is approximately $1.75 million in total. The transaction was funded with the Company's available cash.

Weyco Acquires Forsake Brand

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3 Dividend Champions Still Yielding 4.5%

Weyco Group, Inc. (WEYS) CEO Tom Florsheim Jr. on Q1 2021 Results - Earnings Call Transcript

Milwaukee, WI, April 09, 2021 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce first quarter 2021 financial results after the close on Tuesday, May 4, 2021.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 5, 2021, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. First Quarter 2021 Earnings Conference Call

Weyco Group, Inc. (WEYS) CEO Tom Florsheim on Q4 2020 Results - Earnings Call Transcript

Milwaukee, WI, March 09, 2021 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) (the “Company”) today announced financial results for the quarter and year ended December 31, 2020.

Weyco Reports Fourth Quarter and Full Year 2020 Results

Weyco Group is a Dividend Champion with 39 years of dividend growth. The stock is currently yielding over 5%, but the dividend is not covered by earnings and free cash flow in the last two quarters.

Weyco Group: 2020 Was A Perfect Storm But It's A Buy

Milwaukee, WI, Jan. 19, 2021 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2020 financial results after the close on Tuesday, March 9, 2021.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 10, 2021, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Fourth Quarter and Full Year 2020 Earnings Conference Call

MILWAUKEE, Dec. 22, 2020 /PRNewswire/ -- Weyco Group, Inc. (NASDAQ: WEYS) today announced that it is accelerating the payment date for its previously declared and announced regular quarterly dividend to December 31, 2020. The original payment date for the dividend was January 4, 2021. The...

Weyco Group, Inc. Accelerates Dividend Payment Date

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In this article we will analyze whether Weyco Group, Inc. (NASDAQ:WEYS) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, our research shows that these picks historically outperformed the market by double digits annually.

Where Do Hedge Funds Stand On Weyco Group, Inc. (WEYS)?

Weyco is ahead of the curve as plans to focus on casual footwear were underway before the pandemic hit. Weyco is positioned to have a blowout 4th quarter as the BOGS brand shines and sufficient supply keeps sales strong.

Weyco: Positioned For A 4th Quarter Blowout

Weyco Group's (WEYS) CEO Tom Florsheim on Q3 2020 Results - Earnings Call Transcript

Milwaukee, WI, Oct. 16, 2020 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce third quarter 2020 financial results after the close on Tuesday, November 3, 2020.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 4, 2020, at 11:00 a.m. Eastern Time to discuss the financial results in more detail. 

WEYCO Group, Inc. Third Quarter 2020 Earnings Conference Call

Weyco Group, Inc. (WEYS) CEO Tom Florsheim on Q2 2020 Results - Earnings Call Transcript

MILWAUKEE, Aug. 4, 2020 /PRNewswire/ -- Weyco Group, Inc.

Weyco Reports Second Quarter Sales And Earnings

Milwaukee, WI, July  10, 2020  (GLOBE NEWSWIRE) --  WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2020 financial results after the close on Tuesday, August 4, 2020.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 5, 2020, at 11:00 a.m. Eastern Time to discuss the financial results in more detail. 

WEYCO Group, Inc. Second Quarter 2020 Earnings Conference Call

Weyco Group: A Bright Future At A Cheap Price

Weyco Group, Inc. (WEYS) CEO Tom Florsheim on Q1 2020 Results - Earnings Call Transcript

News for Weyco Group Stock (WEYS)