Weyco (WEYS) News & Sentiment

Weyco's earnings in the fourth quarter increased compared to last year due to reduced shipping costs, even though sales stayed the same. However, they face challenges from tariff risks and changing consumer preferences.

Weyco's Q4 earnings rise year over year on lower freight costs while sales remain flat. Tariff risks and shifting consumer trends create challenges ahead.

Weyco Group, Inc.'s 4Q24 earnings show mixed results: Florsheim's growth stabilizes sales, but BOGS and legacy brands struggle with market share and product innovation. Tariffs on Chinese imports could increase product costs by 20pp, significantly impacting Weyco's gross margins and adding uncertainty for 2025. Despite a 12% NOPAT/EV yield, risks like declining categories, BOGS' market share loss, and tariff pressures justify maintaining a Hold rating.

Milwaukee, WI, Jan. 24, 2025 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2024 financial results after the close on Tuesday, March 4, 2025.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 5, 2025, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

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.