Profile
Sector:
Consumer CyclicalIndustry:
Footwear & AccessoriesCountry:
United StatesIPO:
17 March 1980Website:
http://www.weycogroup.comNext earnings report:
01 August 2024Last dividends:
16 May 2024Next dividends:
N/APrice
after hours | Tue, 02 Jul 2024 20:01:56 GMTAnalysts recommendations
Institutional Ownership
WEYS Latest News
Find out why Zacks gives Weyco a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover Weyco's strong market position, financial stability, and innovative footwear offerings while also considering challenges such as declining sales and market saturation.
Weyco Group, a small footwear designer and distributor, is experiencing weakness in revenue but has strong profits and cash flows. The decline in revenue is attributable to market saturation and lower demand, particularly in the outdoor market. Despite the decline in revenue, WEYS's profitability metrics have improved, and its shares are trading at a discount compared to similar firms.
MILWAUKEE, WI, Jan. 22, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2023 financial results after the close on Tuesday, March 5, 2024. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 6, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.
Weyco Group, Inc. (NASDAQ:WEYS ) Q3 2023 Earnings Conference Call November 8, 2023 11:30 AM ET Company Participants Judy Anderson - CFO Tom Florsheim - Chairman & CEO John Florsheim - President & COO Conference Call Participants John Deysher - Pinnacle Operator Good day and thank you for standing by. Welcome to the Weyco Group Third Quarter 2023 Earnings Release Conference Call.
Weyco Group reported an impressive increase in operating margins driven by higher selling prices and lower operating expenses. If we also take into account improvements in the profitability of the e-commerce activities and headcount increases, I think that the free cash flow will most likely trend higher. Despite potential risks, such as failed commercialization or brand destruction, there is significant upside potential in Weyco's stock valuation.
Weyco Group, Inc. (NASDAQ:WEYS ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Judy Anderson - Chief Financial Officer Thomas Florsheim - Chairman & Chief Executive Officer Conference Call Participants David Wright - Henry Investment Trust Operator Good day and thank you for standing by. Welcome to the Weyco Group First Quarter 2023 Earnings Release Conference Call.
Weyco posted record-breaking sales and earnings for the first quarter. Earnings per share increased by 84%. The company finally increased its dividend by 4% after a long period of steady dividend payments.
What type of business is Weyco?
Weyco Group, Inc. designs and distributes footwear for men, women, and children. It operates through two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names. It is also involved in the wholesale of its products to approximately 10,000 footwear, department, and specialty stores, as well as e-commerce retailers. As of December 31, 2021, the company had four brick and mortar retail stores in the United States. In addition, it has licensing agreements with third parties, who sell its branded apparel, accessories, and specialty footwear. It serves in the United States, Canada, Europe, Australia, Asia, and South Africa. The company was formerly known as Weyenberg Shoe Manufacturing Company and changed its name to Weyco Group, Inc. in April 1990. Weyco Group, Inc. was incorporated in 1906 and is based in Milwaukee, Wisconsin.
What sector is Weyco in?
Weyco is in the Consumer Cyclical sector
What industry is Weyco in?
Weyco is in the Footwear & Accessories industry
What country is Weyco from?
Weyco is headquartered in United States
When did Weyco go public?
Weyco initial public offering (IPO) was on 17 March 1980
What is Weyco website?
https://www.weycogroup.com
Is Weyco in the S&P 500?
No, Weyco is not included in the S&P 500 index
Is Weyco in the NASDAQ 100?
No, Weyco is not included in the NASDAQ 100 index
Is Weyco in the Dow Jones?
No, Weyco is not included in the Dow Jones index
When does Weyco report earnings?
The next expected earnings date for Weyco is 01 August 2024