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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) plans to release its second quarter 2022 financial results on August 2, 2022, after market close. Following the release, a conference call hosted by Chairman and CEO Thomas W. Florsheim, Jr. will take place on August 3, 2022, at 11:00 a.m. Eastern Time. Participants must pre-register online to receive call details. WEYCO Group markets quality footwear for men, women, and children under recognized brands such as Florsheim and Nunn Bush, available in stores and online globally.
Weyco Group, Inc. (NASDAQ: WEYS) reported a record first-quarter net sales of $81.4 million for the period ending March 31, 2022, up from $46.9 million in 2021. Gross earnings comprised 35.8% of net sales, a decline from 41.2% last year, primarily due to lower wholesale margins and higher inbound freight costs. Quarterly net earnings rose to $4.1 million or $0.42 per diluted share, compared to $1.3 million or $0.14 in 2021. Despite challenges, net sales exceeded 2019 levels by 10%.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its first quarter 2022 financial results on May 3, 2022, after market close. Following this, Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on May 4, 2022, at 11:00 a.m. Eastern Time to discuss the results in depth. Participants must pre-register online for the call, which will also be accessible via a replay for one year. WEYCO Group designs and markets innovative footwear for men, women, and children under various recognized brand names.
Weyco Group, Inc. (NASDAQ: WEYS) announced record financial results for Q4 2021, reporting net sales of $101.4 million, up from $62.0 million in Q4 2020. Gross earnings were 40.2% of net sales, down from 44.5% year-over-year, mainly due to lower wholesale margins. Net earnings hit a record $10.3 million, or $1.07 per diluted share, compared to $5.1 million, or $0.52 per diluted share in Q4 2020. For the full year, net sales reached $267.6 million, up from $195.4 million in 2020, with net earnings at $20.6 million, compared to net losses of $8.5 million in 2020.
WEYCO Group, Inc. (NASDAQ: WEYS) plans to announce its fourth quarter and full year 2021 financial results on March 8, 2022. Following this, CEO Thomas W. Florsheim, Jr. will conduct a conference call on March 9, 2022, at 11:00 a.m. ET to discuss the results. Participants need to pre-register online to join the call. The company, known for its quality footwear brands like Florsheim and Nunn Bush, aims to provide insights into its performance during this period.
Weyco Group, Inc. (NASDAQ: WEYS) reported a significant rebound in financial performance for Q3 2021, with net sales of $61.8 million, up from $53.2 million in Q3 2020. Operating earnings were $6.7 million compared to losses of $3.8 million last year. Net earnings rose to $5.1 million, or $0.52 per diluted share, reversing a net loss of $5.9 million in the prior year. The North American wholesale segment saw sales increase to $50.2 million, while retail sales reached $6.3 million, reflecting a 49% rise. A cash dividend of $0.24 per share was declared for shareholders on November 2.
Weyco Group, Inc. (NASDAQ: WEYS) announced the retirement of Senior Vice President and CFO John F. Wittkowske, effective May 6, 2022. He will be succeeded by Judy Anderson, who joined the Company in 1996 and has extensive financial experience, including her most recent role as Vice President of Finance and Treasurer. Weyco designs and markets quality footwear under recognized brands such as Florsheim and Nunn Bush, with products available in various retail channels worldwide.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its third quarter 2021 financial results on November 2, 2021. A conference call hosted by Chairman and CEO Thomas W. Florsheim, Jr. is scheduled for November 3, 2021, at 11:00 a.m. ET to discuss the results in detail. Interested participants must pre-register to join the call. Weyco Group is a global marketer of footwear, offering well-known brands such as Florsheim and BOGS, sold across various retail channels and e-commerce platforms.
Weyco Group, Inc. (NASDAQ: WEYS) reported Q2 2021 net sales of $57.6 million, a significant increase from $16.6 million in Q2 2020, with net earnings rising to $3.8 million, or $0.39 per diluted share, compared to a loss of $8.9 million last year. The company acknowledged that pandemic impacts may limit year-over-year comparisons, but noted sales recovered to about 95% of Q2 2019 levels. The acquisition of Forsake, Inc. for approximately $2.6 million is expected to enhance growth, particularly in e-commerce. A cash dividend of $0.24 per share was declared, payable on September 30, 2021.
WEYCO Group, Inc. (NASDAQ: WEYS) will announce its second quarter 2021 financial results on August 3, 2021, after market close. CEO Thomas W. Florsheim, Jr. will lead a conference call on August 4, 2021, at 11:00 a.m. ET to discuss the results. Interested participants must pre-register online for the call, which will provide a phone number and passcode. Weyco Group is noted for its innovative footwear marketed under brands like Florsheim and Nunn Bush, available in various retail and e-commerce channels globally.
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