WEYS Stock Recent News

Weyco's Q1 earnings fall year over year on weak retail sales, but strategic inventory moves and pricing plans help offset looming tariff pressures.

Weyco Group, Inc. (NASDAQ:WEYS ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Judy Anderson - CFO Tom Florsheim - Chairman & CEO Conference Call Participants John Deysher - Pinnacle Operator Thank you for standing by. My name is Gail, and I will be your operator for today.

Milwaukee, WI, April 09, 2025 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce first quarter 2025 financial results after the close on Tuesday, May 6, 2025.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, May 7, 2025, at 11:00 a.m. Eastern Time to discuss the financial results in more detail.

Despite industry weakness, Weyco Group's strong balance sheet and cheap stock justify maintaining a 'buy' rating. Revenue dropped 8.7% year-over-year, mainly due to a 27% plunge in BOGS brand sales and mild weather. North American Retail segment showed growth, while the firm maintained profits and robust cash flows despite lower revenue.

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.

Weyco Group, Inc. (NASDAQ:WEYS ) Q4 2024 Earnings Conference Call March 5, 2025 11:00 AM ET Company Participants Judy Anderson - Chief Financial Officer Tom Florsheim - Chairman & Chief Executive Officer Conference Call Participants David Wright - Henry Investment Trust John Deysher - Pinnacle Operator Thank you for standing by and welcome to the Weyco Group Fourth Quarter and Full Year 2024 Earnings Conference Release Conference Call. At this time, all participants are in a listen-only mode.

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.

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.