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Weyco Group Inc. (NASDAQ: WEYS) is a distinguished name in the footwear industry, renowned for designing, manufacturing, and marketing quality and innovative footwear for men, women, and children. The company operates under a diverse portfolio of well-recognized brand names including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. With a strong presence in leading footwear, department, and specialty stores worldwide, Weyco Group has established itself as a key player in the global market.
Weyco Group organizes its business into two primary segments: the North American wholesale and the North American retail segments. The wholesale segment, which generates the majority of the company's revenue, involves selling products to footwear, department, and specialty stores, as well as e-commerce retailers. The retail segment manages the company's owned retail stores and its e-commerce operations. Weyco Group also operates Florsheim concept stores in the United States and Australia, in addition to various international markets.
The company has a significant operational footprint in the United States, which is a key revenue generator, as well as in Canada, Asia, South Africa, and Australia. Weyco Group’s dedication to quality and innovation is evident in its continuous efforts to enhance its product lines and expand its market reach.
Recent achievements highlight Weyco Group's commitment to growth and development. On July 13, 2023, the company announced its second-quarter 2023 financial results, showcasing strong performance and strategic initiatives. Thomas W. Florsheim, Jr., Chairman and CEO, hosted a conference call to discuss these results in detail. Further financial updates were provided on October 12, 2023, and January 22, 2024, reflecting the company's transparency and proactive communication with its stakeholders.
Weyco Group's products can be found not only in physical stores but also on major e-commerce websites, ensuring accessibility and convenience for customers worldwide. The company's strategic partnerships and innovative marketing strategies continue to strengthen its market position and brand appeal.
For investors and stakeholders, Weyco Group offers a solid financial foundation coupled with a forward-thinking approach to business development. The company's consistent performance, coupled with its dedication to quality and customer satisfaction, makes it a reliable and appealing option in the stock market.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its first quarter 2023 financial results on May 2, 2023, after market close. The company, known for its diverse portfolio of footwear brands including Florsheim and Nunn Bush, will conduct a conference call the following day, May 3, 2023, at 11:00 a.m. ET, hosted by Chairman and CEO Thomas W. Florsheim, Jr. Pre-registration for the call is required, and participants can do so online. Following the call, a replay will be available for one year. WEYCO continues to market quality footwear globally, selling through various channels including department stores and e-commerce platforms.
Weyco Group reported its financial results for Q4 and full year 2022 on March 7, 2023. Q4 net sales decreased 2% to $99.0 million, while gross earnings rose to 46.6%. Operating earnings reached a record $15.1 million, up 18%. Full year net sales hit a record $351.7 million, a 31% increase, with net earnings of $29.5 million or $3.07 per share. North American wholesale net sales were $283.2 million, up 38%. The company declared a cash dividend of $0.24 per share, payable March 31, 2023. The results were driven by strong demand for brands like Nunn Bush, while some segments experienced declines due to previous high sales in 2021.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its fourth quarter and full year 2022 financial results on March 7, 2023, after market close. CEO Thomas W. Florsheim, Jr. will discuss the results during a conference call on March 8, 2023, at 11:00 AM ET. Participants must pre-register online to join the call. Weyco Group markets quality footwear for men, women, and children under various brands such as Florsheim and Nunn Bush, available in both physical stores and e-commerce platforms worldwide.
Weyco Group, Inc. (NASDAQ: WEYS) reported a record-breaking third quarter for 2022, with net sales reaching $97.0 million, an increase of 57% from $61.8 million in Q3 2021. The company's quarterly net earnings were also at a record $10.8 million, translating to $1.12 per diluted share, up from $5.1 million, or $0.52 per share, a year earlier. North American wholesale segment sales hit $81.6 million, up 63% year-over-year. While strong demand fueled growth, the company anticipates lower sales in Q4 due to last year's elevated performance. A dividend of $0.24 per share was declared, payable January 3, 2023.
WEYCO Group, Inc. (NASDAQ: WEYS) plans to announce its third quarter 2022 financial results on November 1, 2022. Following the results, Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on November 2, 2022, at 11:00 a.m. ET for a detailed discussion. Investors can pre-register online to participate, ensuring they receive the call-in details. Weyco Group specializes in designing and marketing innovative footwear for men, women, and children, with brands like Florsheim and Nunn Bush available through various retail and e-commerce channels.
Weyco Group, Inc. (NASDAQ: WEYS) reported a record second-quarter revenue of $74.4 million, a 29% increase from $57.6 million in Q2 2021. Gross earnings improved to 40% of net sales, up from 39.4%. Operating earnings rose 25% to $5.7 million, while net earnings hit a record $4.5 million ($0.47 per diluted share). The North American wholesale segment led with a 41% sales increase, driven by brands like Florsheim and Stacy Adams, which each saw a 47% rise. However, overall expenses increased, primarily due to higher employee costs.
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