WEYS Stock Recent News

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 new hybrid and athleisure styles are driving significant online revenue growth, positioning the company for future net sales increases. The company's strong relationships with retailers and licensing agreements in various markets provide a stable revenue base and growth opportunities. Weyco's extensive industry experience and in-house design capabilities are expected to accelerate future net revenue growth through successful new product introductions.

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, Inc. (NASDAQ:WEYS ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Judy Anderson - CFO, VP & Secretary Thomas Florsheim - Chairman & CEO John Florsheim - President, COO, Assistant Secretary & Director Conference Call Participants David Wright - Henry Partners Operator Good day and thank you for standing by. Welcome to the Weyco Group First Quarter 2024 Earnings Release Conference Call.

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.

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.