Weyco Group, Inc., together with its subsidiaries, 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, 2020, the company had five 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. Weyco Group, Inc. 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.
IPO Year:
Exchange: NASDAQ
Website: weycogroup.com
Milwaukee, WI, Nov. 02, 2021 (GLOBE NEWSWIRE) -- (Milwaukee, Wisconsin---November 2, 2021) Weyco Group, Inc. (NASDAQ:WEYS) ("Weyco" or the "Company") today announced that John F. Wittkowske (age 62), the Company's Senior Vice President, Chief Financial Officer and Secretary, will retire effective May 6, 2022. Mr. Wittkowske will be succeeded as the Company's Chief Financial Officer and Secretary by Judy Anderson (age 54). Ms. Anderson will report directly to Thomas W. Florsheim, Jr., the Company's Chairman and Chief Executive Officer. Ms. Anderson, a Certified Public Accountant, joined the Company in 1996 and has held various financial leadership roles, including, most recently, Vice Pres
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MILWAUKEE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Overview Net sales: $63.9 million (down 5% compared to $67.0 million in Q2 2023)Gross earnings: 43.9% of net sales (up from 43.3% of net sales in Q2 2023)Earnings from operations: $6.7 million (flat with Q2 2023)Net earnings: record $5.6 million (up 15% over previous record in Q2 2023)Diluted earnings per share: $0.59 (up from $0.50 in Q2 2023) North American Wholesale Segment Net sales in our wholesale segment were $50.2 million, down 2% from $51.5 million in the second quart
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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI0df6b3e05d40441f
MILWAUKEE, May 07, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Consolidated net sales were $71.6 million, down 17% compared to record first-quarter sales of $86.3 million in 2023. Consolidated gross earnings increased to 44.7% of net sales compared to 43.1% of net sales in last year's first quarter, due to higher gross margins in our North American wholesale segment. Earnings from operations were $8.3 million, down 21% from record first-quarter operating earnings of $10.4 million in 2023. First-quarter 2024 net earnings were $6.7 million, o
MILWAUKEE, WI, April 08, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ:WEYS), a global marketer of footwear, plans to announce first quarter 2024 financial results after the close on Tuesday, May 7, 2024. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 8, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI53041dfd66254c298904b65f23a1
MILWAUKEE, March 05, 2024 (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, 2023. Fourth Quarter 2023 Consolidated net sales were $80.6 million, down 19% from $99.0 million in the fourth quarter of 2022. Consolidated gross earnings increased to 50.3% of net sales compared to 46.6% of net sales in last year's fourth quarter, due mainly to higher gross margins in our North American wholesale segment. Quarterly earnings from operations were $11.5 million, down 24% compared to record operating earnings of $15.1 million in 2022. Fourth-quarter 2023 net earnings were $8.5 milli
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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI03d3ec5
MILWAUKEE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended September 30, 2023. Third Quarter 2023Consolidated net sales were $84.2 million, down 13% compared to record third-quarter sales of $97.0 million in 2022. Consolidated gross earnings increased to 43.0% of net sales compared to 40.6% of net sales in last year's third quarter, due mainly to higher gross margins in our North American wholesale segment. Quarterly earnings from operations were $12.4 million, down 12% compared to record operating earnings of $14.2 million in 2022. Quarterly net earnings totaled $9.3 million, o
Milwaukee, WI, Oct. 12, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ:WEYS), a global marketer of footwear, plans to announce third quarter 2023 financial results after the close on Tuesday, November 7, 2023. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 8, 2023, at 11:30 a.m. Eastern Time to discuss the financial results in more detail. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI812a206259b140638
MILWAUKEE, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended June 30, 2023. Second Quarter 2023Consolidated net sales were $67.0 million, down 10% compared to record second-quarter sales of $74.4 million in 2022. Consolidated gross earnings increased to 43.3% of net sales compared to 40.0% of net sales in last year's second quarter, due mainly to higher gross margins in our North American wholesale segment. Earnings from operations rose 18% to $6.7 million, from $5.7 million in the second quarter of 2022. Net earnings were a second-quarter record of $4.9 million, or $0.50 per dilu
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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI726a74a9d3c34a38be79e
MILWAUKEE, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Overview Net sales: $63.9 million (down 5% compared to $67.0 million in Q2 2023)Gross earnings: 43.9% of net sales (up from 43.3% of net sales in Q2 2023)Earnings from operations: $6.7 million (flat with Q2 2023)Net earnings: record $5.6 million (up 15% over previous record in Q2 2023)Diluted earnings per share: $0.59 (up from $0.50 in Q2 2023) North American Wholesale Segment Net sales in our wholesale segment were $50.2 million, down 2% from $51.5 million in the second quart
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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI0df6b3e05d40441f
MILWAUKEE, May 07, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Consolidated net sales were $71.6 million, down 17% compared to record first-quarter sales of $86.3 million in 2023. Consolidated gross earnings increased to 44.7% of net sales compared to 43.1% of net sales in last year's first quarter, due to higher gross margins in our North American wholesale segment. Earnings from operations were $8.3 million, down 21% from record first-quarter operating earnings of $10.4 million in 2023. First-quarter 2024 net earnings were $6.7 million, o
MILWAUKEE, WI, April 08, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ:WEYS), a global marketer of footwear, plans to announce first quarter 2024 financial results after the close on Tuesday, May 7, 2024. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 8, 2024, at 11:00 a.m. Eastern Time to discuss the financial results in more detail. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI53041dfd66254c298904b65f23a1
MILWAUKEE, March 05, 2024 (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, 2023. Fourth Quarter 2023 Consolidated net sales were $80.6 million, down 19% from $99.0 million in the fourth quarter of 2022. Consolidated gross earnings increased to 50.3% of net sales compared to 46.6% of net sales in last year's fourth quarter, due mainly to higher gross margins in our North American wholesale segment. Quarterly earnings from operations were $11.5 million, down 24% compared to record operating earnings of $15.1 million in 2022. Fourth-quarter 2023 net earnings were $8.5 milli
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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI03d3ec5
MILWAUKEE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended September 30, 2023. Third Quarter 2023Consolidated net sales were $84.2 million, down 13% compared to record third-quarter sales of $97.0 million in 2022. Consolidated gross earnings increased to 43.0% of net sales compared to 40.6% of net sales in last year's third quarter, due mainly to higher gross margins in our North American wholesale segment. Quarterly earnings from operations were $12.4 million, down 12% compared to record operating earnings of $14.2 million in 2022. Quarterly net earnings totaled $9.3 million, o
Milwaukee, WI, Oct. 12, 2023 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ:WEYS), a global marketer of footwear, plans to announce third quarter 2023 financial results after the close on Tuesday, November 7, 2023. Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, November 8, 2023, at 11:30 a.m. Eastern Time to discuss the financial results in more detail. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI812a206259b140638
MILWAUKEE, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ:WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended June 30, 2023. Second Quarter 2023Consolidated net sales were $67.0 million, down 10% compared to record second-quarter sales of $74.4 million in 2022. Consolidated gross earnings increased to 43.3% of net sales compared to 40.0% of net sales in last year's second quarter, due mainly to higher gross margins in our North American wholesale segment. Earnings from operations rose 18% to $6.7 million, from $5.7 million in the second quarter of 2022. Net earnings were a second-quarter record of $4.9 million, or $0.50 per dilu
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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register.vevent.com/register/BI726a74a9d3c34a38be79e
Weyco Group (NASDAQ:WEYS) reported quarterly earnings of $0.69 per share. This is a 11.54 percent decrease over earnings of $0.78 per share from the same period last year. The company reported $71.56 million in sales this quarter. This is a 17.08 percent decrease over sales of $86.29 million the same period last year.
Wednesday marks the last chance for investors to receive the next dividend payout from Weyco Group (NASDAQ:WEYS). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 25 cents per share. On Thursday, Weyco Group will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own WEYS as of the end of Wednesday's session are eligible to receive the 25 cents dividend
Weyco Group (NASDAQ:WEYS) reported quarterly earnings of $0.90 per share. This is a 15.09 percent decrease over earnings of $1.06 per share from the same period last year. The company reported $80.59 million in sales this quarter. This is a 18.63 percent decrease over sales of $99.05 million the same period last year.
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What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer cyclical sector: Dillard's (NYSE:DDS) - P/E: 9.4 Weyco Group (NASDAQ:WEYS) - P/E: 9.92 Everi Hldgs (NYSE:EVRI) - P/E: 9.51 Aptiv (NYSE:APTV) - P/E: 7.46 Toll Brothers (NYSE:TOL) - P/E: 8.72 Dillard's's earnings per sh
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer cyclical sector: Weyco Group (NASDAQ:WEYS) - P/E: 9.41 Toll Brothers (NYSE:TOL) - P/E: 8.32 Destination XL Group (NASDAQ:DXLG) - P/E: 9.17 Dillard's (NYSE:DDS) - P/E: 8.75 Canterbury Park Holding (NASDAQ:CPHC) - P/E: 9.82
Weyco Group (NASDAQ:WEYS) reported quarterly earnings of $0.98 per share. This is a 12.5 percent decrease over earnings of $1.12 per share from the same period last year. The company reported $84.15 million in sales this quarter. This is a 13.22 percent decrease over sales of $96.97 million the same period last year.
Companies Reporting Before The Bell • CorEnergy Infr Tr (NYSE:CORR) is estimated to report earnings for its third quarter. • Ballard Power Systems (NASDAQ:BLDP) is expected to report quarterly loss at $0.13 per share on revenue of $26.20 million. • Melco Resorts and Enter (NASDAQ:MLCO) is likely to report quarterly earnings at $0.03 per share on revenue of $1.03 billion. • Consolidated Comms Hldgs (NASDAQ:CNSL) is expected to report quarterly loss at $0.37 per share on revenue of $274.23 million. • Sophia Genetics (NASDAQ:SOPH) is projected to report quarterly loss at $0.31 per share on revenue of $15.63 million. • Endeavor Gr Hldgs (NYSE:EDR) is estimated to report quarterly earnings
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching: International Paper (NYSE:IP) - P/E: 8.71 General Motors (NYSE:GM) - P/E: 4.68 Express (NYSE:EXPR) - P/E: 0.14 Weyco Group (NASDAQ:WEYS) - P/E: 7.72 Canterbury Park Holding (NASDAQ:CPHC) - P/E: 8.74 International Paper saw an increase in earnings per share from 0.53 in Q1 to $0.59 now. The company'
Weyco Group (NASDAQ:WEYS) reported quarterly earnings of $0.50 per share. This is a 6.38 percent increase over earnings of $0.47 per share from the same period last year. The company reported $67.01 million in sales this quarter. This is a 9.88 percent decrease over sales of $74.36 million the same period last year.