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Stock impact report

Weyco Group Inc (WEYS) Navigates Market Challenges with Record Annual Earnings in 2023 [Yahoo! Finance]

Weyco Group, Inc. (WEYS) 
Last weyco group, inc. earnings: 5/2 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: weycogroup.com/investor.html
Company Research Source: Yahoo! Finance
Operating Earnings : Reached a record $41.0 million in 2023, a 2% increase over the previous year. Net Earnings : Set a new record at $30.2 million, or $3.17 per diluted share, up 2% from 2022. Dividend : A cash dividend of $0.25 per share declared, payable on March 29, 2024. Warning! GuruFocus has detected 5 Warning Signs with WEYS. On March 5, 2024, Weyco Group Inc ( NASDAQ:WEYS ) released its 8-K filing , detailing the financial outcomes for the fourth quarter and the full year of 2023. The company, known for its design, manufacture, and distribution of quality footwear under various brand names, faced a challenging market environment yet managed to report record earnings for the year. Year 2023 in Review For the full year, Weyco Group's consolidated net sales saw a 10% decrease compared to the previous year, totaling $318.0 million. This decline was attributed to a 31% drop in BOGS brand sales due to market saturation and a general reduction in orders. Despite the sal Show less Read more
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