Weyco's Q3 Earnings Fall Y/Y, Suffer From Reduced Consumer Demand [Yahoo! Finance]
Weyco Group, Inc. (WEYS)
Last weyco group, inc. earnings: 5/2 04:05 pm
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weycogroup.com/investor.html
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Source: Yahoo! Finance
Net sales for the quarter totaled $74.3 million, reflecting a 12% decrease from the $84.2 million recorded in the third quarter of 2023. This reduction in both revenues and earnings points to challenges in Weyco's key markets, primarily driven by reduced consumer demand and unseasonably warm weather that impacted sales for certain product lines. Weyco faced a challenging quarter, particularly in its North American wholesale and retail segments. Management's commentary highlighted several factors impacting Weyco's financial performance this quarter. CEO Thomas W. Florsheim, Jr. acknowledged the adverse effects of reduced consumer spending on discretionary items, which weighed heavily on sales across all North American wholesale brands. Additionally, the milder start to the fall season hindered performance for BOGS, a brand that typically benefits from colder weather. While sales were down across several brands, the company's gross earnings improved slightly, which management attri
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WEYS
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- 11/18/24 - Form 4
- WEYS's page on the SEC website