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
Check Earnings Report
US:NASDAQ Investor Relations:
weycogroup.com/investor.html
Company Research
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
Show less
Read more
Impact Snapshot
Event Time:
WEYS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WEYS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WEYS alerts
High impacting Weyco Group, Inc. news events
Weekly update
A roundup of the hottest topics
WEYS
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