Weyco Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
Weyco Group, Inc. (WEYS)
Last weyco group, inc. earnings: 5/2 04:05 pm
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US:NASDAQ Investor Relations:
weycogroup.com/investor.html
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Source: Yahoo! Finance
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 million, or $0.90 per diluted share, compared to $10.2 million, or $1.06 per diluted share, last year. North American Wholesale Segment Net sales in our wholesale segment were $59.6 million, down 21% compared to $75.5 million in 2022 Our BOGS brand experienced the largest decrease, with sales down 32% for the quarter, as retailers reduced orders amid the current saturation of product in the outdoor footwear market, and due to the mild Fall and Winter weather. Sales of the Stacy Adams, Nunn Bush,
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- Should You Buy Weyco Group, Inc. (NASDAQ:WEYS) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
- Weyco Group Inc (WEYS) Navigates Market Challenges with Record Annual Earnings in 2023 [Yahoo! Finance]Yahoo! Finance
WEYS
Sec Filings
- 4/25/24 - Form 4
- 4/5/24 - Form ARS
- 4/5/24 - Form DEF
- WEYS's page on the SEC website