Profile
Sector:
Consumer CyclicalIndustry:
Footwear & AccessoriesCountry:
United StatesIPO:
17 March 1980Website:
http://www.weycogroup.comNext earnings report:
05 March 2025Last dividends:
18 November 2024Next dividends:
N/APrice
after hours | Fri, 22 Nov 2024 21:20:00 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
WEYS Latest News
Weyco Group, Inc.'s Q3 2024 earnings showed a 12% YoY sales decline, but the stock surged 20% due to a $2 one-time dividend and post-election rally. Despite maintaining profitability margins, Weyco's brands like BOGS and Nunn Bush faced significant challenges, while Florsheim showed resilience with a 1% YoY increase. The company's $2 dividend payout won't harm its balance sheet, reflecting management's conservative approach with $80M in cash reserves and no debt.
WEYS' Q3 earnings declines 14% year over year, as unseasonably warm weather and reduced consumer demand impacted sales, with cost controls offering limited relief.
Milwaukee, WI, Oct. 11, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce third quarter 2024 financial results after the close on Tuesday, November 5, 2024. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 6, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.
Weyco Group's 2Q24 results show improved wholesale trends, with sales down 5% YoY but better than previous quarters' declines. Key brands Florsheim and Nunn Bush posted positive growth, while Stacy Adams and BOGS showed sequential improvements despite challenges. Lower product costs and stable prices have maintained gross margins, supporting profitability even with lower sales.
Weyco (WEYS) reports EPS of 59 cents for the second-quarter 2024, with net sales declining 5%. Strong gross earnings and cost management drive net earnings up 15% despite mixed segment performance.
Milwaukee, WI, July 09, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2024 financial results after the close on Tuesday, August 6, 2024. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 7, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.
Weyco Group is a shoe designer and wholesaler with six brands focused on men's leather dress and casual shoes, as well as winter and outdoor boots. Despite challenging fashion trends for much of the past decade, WEYS has maintained gross and operating margins, positioning itself competitively in the market. The company's current valuation implies a return to pre-pandemic profitability, but its higher profits and potential for retailers to restock inventory suggest a possible upward repricing, making it a Buy at current prices.
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.
What type of business is Weyco?
Weyco Group, Inc. designs and distributes footwear for men, women, and children. It operates in 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 and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands. It is also involved in the wholesale of its products to footwear, department, and specialty stores, as well as e-commerce retailers in the United States and Canada. The company operates e-commerce business; and 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 operates in the United States, Canada, Australia, 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 was Weyco the previous earnings report?
No data
When does Weyco earnings report?
The next expected earnings date for Weyco is 05 March 2025