WEYS Stock Recent News

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.

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.