Weyco Reports Third Quarter 2024 Sales and Earnings; Declares Special Cash Dividend of $2.00 Per Share
Weyco Group, Inc. (WEYS)
Last weyco group, inc. earnings: 5/2 04:05 pm
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US:NASDAQ Investor Relations:
weycogroup.com/investor.html
Company Research
Source: GlobeNewswire
MILWAUKEE, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Overview Net sales: $74.3 million (down 12% compared to $84.2 million in Q3 2023)Gross earnings: 44.3% of net sales (up from 43.0% of net sales in Q3 2023)Earnings from operations: $10.2 million (down 18% compared to $12.4 million in Q3 2023)Net earnings: $8.1 million (down 14% compared to $9.3 million in Q3 2023)Diluted earnings per share: $0.84 (down from $0.98 in Q3 2023) North American Wholesale Segment Net sales in our wholesale segment were $61.1 million in the third quarter of 2024, down 12% from $69.5 million in the third quarter of 2023. The decrease was primarily due to lower sales of our Nunn Bush, Stacy Adams, and BOGS brands. Nunn Bush third-quarter sales were down 20%, due in part to the previously disclosed shift in timing of shipments to a large retai
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News
- Despite recent sales, Weyco Group, Inc. (NASDAQ:WEYS) insiders still hold the largest share with a 38% interest [Yahoo! Finance]Yahoo! Finance
- Weyco Group's (NASDAQ:WEYS) Soft Earnings Are Actually Better Than They Appear [Yahoo! Finance]Yahoo! Finance
- Weyco Group, Inc. (NASDAQ: WEYS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Weyco Group, Inc. (NASDAQ:WEYS) Passed Our Checks, And It's About To Pay A US$2.26 Dividend [Yahoo! Finance]Yahoo! Finance
- Weyco Group Third Quarter 2024 Earnings: EPS: US$0.85 (vs US$0.99 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
WEYS
Sec Filings
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 144
- WEYS's page on the SEC website