For the third quarter of 2024, Weyco Group, Inc. (WEYS) reported earnings per share (EPS) of 84 cents, down from 98 cents in the same quarter last year, marking a decline of approximately 14%. Net sales for the quarter totaled $74.3 million, reflecting a 12% decrease from the $84.2 million recorded in the third quarter of 2023. This reduction in both revenues and earnings points to challenges in Weyco’s key markets, primarily driven by reduced consumer demand and unseasonably warm weather that impacted sale ...

Exhibit 99.1 WEYCO REPORTS THIRD QUARTER 2024 SALES AND EARNINGS; DECLARES SPECIAL CASH DIVIDEND OF $2.00 PER SHARE Milwaukee, Wisconsin---November 5, 2024---Weyco Group, Inc. (NASDAQ: WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Overview ● Net sales: $74.3 million (down 12% compared to $84.2 million in Q3 2023) ● Gross earnings: 44.3% of net sales (up from 43.0% of net sales in Q3 2023) ● Earnings from operations: ...

MILWAUKEE, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (the “Company”) announced that today its Board of Directors declared a special one-time cash dividend of $2.00 per share, for a total of approximately $19.0 million based on the number of shares currently outstanding. The dividend will be paid on January 2, 2025, to shareholders of record at the close of business on November 18, 2024. “We are pleased to announce this return of capital to shareholders,” stated Thomas W. Florsheim, ...

MILWAUKEE, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Overview Net sales: $74.3 million (down 12% compared to $84.2 million in Q3 2023)Gross earnings: 44.3% of net sales (up from 43.0% of net sales in Q3 2023)Earnings from operations: $10.2 million (down 18% compared to $12.4 million in Q3 2023)Net earnings: $8.1 million (down 14% compared to $9.3 milli ...

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. To participate in the call, you will first need to pre-register online. Pre-registration takes only a f ...

Weyco Group, Inc. (NASDAQ: WEYS ) recently introduced new hybrid and athleisure styles, which seem to bring significant revenue growth online. With many years in the industry and a number of connections with retailers in the United States, I London Stock Market Research is a service offered by an ex-investment banker from the city of London. After around 11 years in the industry, I decided to drop out, and made dollars out of what I learned in business. I appreciate value investments, and I usually buy comp ...

Compassionate Eye Foundation Weyco Group's (NASDAQ:WEYS) 2Q24 results showed positive sequential improvement in wholesale trends. The company's revenues decreased 5% YoY compared to a fall of 18% in 1Q24. Some of the company's brands are already showing positive growth in wholesale. Lower product costs and stable prices continue to positively affect its gross margins, and the company maintained its profitability YoY despite lower sales. As the company prepares for the important 2H24 season, it is confident ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common Stock - $1.00 par value per share WEYS The Nasdaq Stock Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ ...

Weyco Group, Inc. (WEYS) reported its financial results for the second quarter ended Jun 30, 2024. Earnings per share (EPS) of 59 cents indicates an improvement from 50 cents in the prior-year quarter. Net sales of $63.9 million denoted a 5% decrease from $67 million in the second quarter of 2023 due to mixed performances across different segments and brands. The Wholesale segment showed resilience, and the Retail segment maintained steady sales but faced higher expenses. The cessation of operations in the ...