Weyco Group

Weyco Group, Inc. engages in the design, production and trade of footwear for men, women and children. It operates through the following segments: North American Wholesale Operations and North American Retail Operations. The North American Wholesale Operations segment includes selling products to department stores and specialty shops in the United States and Canada. The North American Retail Operations segment operates online shops and company-owned stores in cities. The company was founded in 1906 and is headquartered in Glendale, WI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

WEYS reports record Q1 earnings, strengthens financial position

WEYS delivered a strong performance in Q1 2023, achieving record net sales, gross earnings, operating earnings, and net earnings. The company's financial position strengthened with increased cash and marketable securities, along with a higher cash dividend per share. However, effective inventory management and monitoring of supply chain challenges will be important. The company also has opportunities for diversification and strategic investments.

Weyco Group achieves Q2 record net earnings amidst declining sales

Weyco Group's Q2 2023 performance reflects a decline in net sales, particularly in the North American wholesale segment, offset by a record performance in the retail segment. The company achieved a Q2 record in net earnings and demonstrated strength in improving consolidated gross earnings. However, challenges lie in managing declining net sales, operational changes, and addressing shifts in consumer purchasing behavior. Despite these challenges, Weyco Group has opportunities to leverage its retail segment's performance and strategic reallocation of resources.

WEYS reports decline in Q3 earnings but maintains financial discipline

WEYS faced a decline in sales and earnings, primarily driven by challenging retail market conditions. However, the company exhibited financial discipline by reducing inventory and maintaining a healthy cash position. Despite the challenges, WEYS has opportunities to address market conditions and optimize its financial performance.

Weyco Group reports Q1 2024 challenges in wholesale, retail growth

Weyco Group faced challenges in wholesale but saw growth in retail sales.
Efforts in inventory management led to improved gross margins.
Cash position remains strong with no debt and a declared dividend.
Future opportunities lie in retail growth and operational enhancements.

Weyco Group achieves record Q2 earnings amidst sales challenges

Weyco Group delivered a mixed performance in Q2 2024 with declining net sales but improved gross earnings and record net earnings.
The company faces challenges in certain segments like Florsheim Australia and the retail segment, necessitating strategic adjustments.
Despite challenges, Weyco Group has opportunities to leverage its financial strength and address sales declines to drive future growth.
Investors should monitor the company's efforts to enhance operational efficiency and capitalize on its solid cash position for potential growth initiatives.

Weyco Group reports Q3 revenue decline but shows dividend strength

Weyco Group faced challenges with declining net sales and earnings in Q3 2024.
Despite this, the company demonstrated strengths in gross earnings and interest income.
Opportunities exist for growth through strategic initiatives and market expansion.
The special dividend and stable sales in key markets provide some positive outlook.

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Dividend stocks to buy as a concept offers universal relevance because of the underlying passive income. While nothing is guaranteed in the market, if you acquire shares of established enterprises that reward their shareholders with consistent payouts, dividend investing can bolster confidence.

7 Dividend Stocks That Are Screaming Buys Right Now: July 2023

MILWAUKEE, WI, July 13, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2023 financial results after the close on Tuesday, August 1, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 2, 2023, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Second Quarter 2023 Earnings Conference Call

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 Group, Inc. (WEYS) Q1 2023 Earnings Call Transcript

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.

Weyco Group: The Shoe Sales Are Shining

MILWAUKEE, May 02, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended March 31, 2023.

Weyco Reports First Quarter Sales And Earnings

Milwaukee, WI, April 05, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce first quarter 2023 financial results after the close on Tuesday, May 2, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 3, 2023, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. First Quarter 2023 Earnings Conference Call

Weyco Group, Inc. (NASDAQ:WEYS ) Q4 2022 Earnings Conference Call March 8, 2023 11:00 AM ET Company Participants Judy Anderson - CFO Thomas Florsheim - Chairman & CEO John Florsheim - President and COO Conference Call Participants John Deysher - Pinnacle David Wright - Henry Investment Trust Operator Good day, and thank you for standing by. Welcome to the Weyco Group Fourth Quarter 2022 Earnings Release Conference Call.

Weyco Group, Inc. (WEYS) Q4 2022 Earnings Call Transcript

MILWAUKEE, March 07, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2022.

Weyco Reports Fourth Quarter And Full Year 2022 Results

Milwaukee, WI, Jan. 09, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2022 financial results after the close on Tuesday, March 7, 2023.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 8, 2023, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call

Weyco Group, Inc. (NASDAQ:WEYS ) Q3 2022 Earnings Conference Call November 2, 2022 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 L.P. John Deysher - Pinnacle Value Fund Operator Good day, and thank you for standing by.

Weyco Group, Inc. (WEYS) Q3 2022 Earnings Call Transcript

Milwaukee, WI, Oct. 10, 2022 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce third quarter 2022 financial results after the close on Tuesday, November 1, 2022.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 2, 2022, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Third Quarter 2022 Earnings Conference Call

Weyco Group, Inc. is recovering fast from the pandemic sales slump and is on the path to reach pre-pandemic sales and profitability levels. Weyco pays a high and well-covered dividend, boosted by moderate stock repurchases.

Weyco: A Fairly Valued Dividend Stock With A Strong Balance Sheet

WEYCO Group, Inc. (NASDAQ:WEYS ) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Judy Anderson - VP, CFO & Secretary Thomas Florsheim - Chairman & CEO Conference Call Participants John Deysher - Bertolet Capital Trust Operator Good day, and thank you for standing by. Welcome to Second Quarter 2022 Earnings Release Conference Call.

WEYCO Group, Inc. (WEYS) CEO Thomas Florsheim on Q2 2022 Results - Earnings Call Transcript

Milwaukee, WI, July 12, 2022 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2022 financial results after the close on Tuesday, August 2, 2022.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 3, 2022, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Second Quarter 2022 Earnings Conference Call

Weyco Group is a small player in the larger global shoe market that is definitely worth some attention. The company has finally recovered from the pandemic and financials are looking up.

Weyco Group: Worth Trying On

Weyco Group, Inc. (NASDAQ:WEYS ) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants John Wittkowske - CFO Tom Florsheim - Chairman and CEO John Florsheim - President and COO Conference Call Participants David Wright - Henry Investment John Deysher - Pinnacle Operator Thank you for standing by, and welcome to Weyco Group's First Quarter 2022 Earnings Conference Call [Operator Instructions]. Please be advised that today's call may be recorded [Operator Instructions].

Weyco Group, Inc. (WEYS) CEO Tom Florsheim on Q1 2022 Results - Earnings Call Transcript

Weyco Group (NASDAQ: WEYS) caught our eye a few years ago while screening for small-cap dividend growth stocks. The company owns a healthy portfolio of legacy and growth-oriented shoe brands and pays what we consider to be an above-average distribution in both yield and safety.

High-Yield Weyco Group Returns To Reasonable Levels

Milwaukee, WI, April 14, 2022 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce first quarter 2022 financial results after the close on Tuesday, May 3, 2022.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 4, 2022, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. First Quarter 2022 Earnings Conference Call

Weyco Group, Inc. (WEYS) CEO Thomas W. Florsheim Jr on Q4 2021 - Earnings Call Transcript

MILWAUKEE, March 08, 2022 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2021.

Weyco Reports Fourth Quarter And Full Year 2021 Results

mmary Calculating average annual growth rates can give us an idea of how we should value Weyco. Forsake brand acquisition in line with outdoor shoe market expansion.

Weyco: Earnings Growth Driven By Outdoor Brands

Milwaukee, WI, Jan. 18, 2022 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce fourth quarter and full year 2021 financial results after the close on Tuesday, March 8, 2022.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, March 9, 2022, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

WEYCO Group, Inc. Fourth Quarter and Full Year 2021 Earnings Conference Call

Weyco has suffered from pandemic store closures and stay-at-home trends in the U.S. during 2020-21. Dress shoe sales should rebound nicely into 2022-23, and the company is well positioned to profit from it.

The Bottom Fishing Club: Weyco

Weyco Group, Inc. (WEYS) CEO Thomas Florsheim on Q3 2021 Results - Earnings Call Transcript

Milwaukee, WI, Oct. 11, 2021 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce third quarter 2021 financial results after the close on Tuesday, November 2, 2021.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 3, 2021, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

News for Weyco Group Stock (WEYS)