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 ...

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 ...

Financial Data and Key Metrics Changes - Overall net sales for Q2 2024 were $63.9 million, down 5% from $67 million in Q2 2023 [5] - Consolidated gross earnings increased to 43.9% of net sales compared to 43.3% in the previous year [5] - Net earnings reached a record of $5.6 million or $0.59 per diluted share, up 15% from $4.9 million or $0.50 per diluted share last year [5] Business Line Data and Key Metrics Changes - North American wholesale segment net sales were $50.2 million, down 2% from $51.5 million in Q2 2023, with gross earnings at 38.2% of net sales compared to 37% last year [6][7] - Retail segment net sales remained flat at $7.6 million, with retail gross earnings as a percentage of net sales increasing to 67.5% from 66.2% [8] - Florsheim Australia net sales were $6.1 million, down 23% from $7.9 million in Q2 2023, with operating earnings decreasing to $200,000 from $300,000 [11] Market Data and Key Metrics Changes - The BOGS brand experienced a 33% decline in sales for the quarter, attributed to inventory over-saturation and mild winters [19] - Retail sales were flat, with Nunn Bush and Stacy Adams experiencing slight declines, while BOGS and Florsheim had low single-digit increases [22] - Florsheim Australia's results were impacted by the loss of a significant wholesale customer and inflationary pressures affecting consumer spending [23] Company Strategy and Development Direction - The company aims to enhance its presence in the casual lifestyle segment, focusing on hybrid and athleisure styles to appeal to modern consumers [18] - There is a commitment to maximizing leadership in refined footwear while adapting to market trends [17] - The strategy includes improving the BOGS brand's presence in the workwear category and introducing durable, lighter insulated boots [21] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the fall selling season, noting conservative order bookings from retailers [15] - The company is focused on controlling costs and turning around its Australian retail and wholesale businesses [24] - Management acknowledged the impact of inflation on consumer demand and the need to adapt to changing market conditions [4][23] Other Important Information - Interest income totaled $1 million in Q2 2024, up from $200,000 in the previous year, due to higher cash balances [12] - The company declared a cash dividend of $0.26 per share, payable on September 30, 2024 [13] Q&A Session Summary Question: Congratulations on another great quarter - Management appreciated the acknowledgment of their efforts [28] Question: What is At once business? - At once business refers to orders that come in without prior commitments from retailers, allowing for more flexibility in inventory management [31][32] Question: Is trade still an issue regarding freight costs? - Freight costs have normalized since their peak in 2022, and the company is now working with lower-cost inventory [35][36] Question: How does the company analyze BOGS sales geographically? - The company looks at geographic sales patterns and aims to build products that are less dependent on weather conditions [39][40]

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WEYCO Group, Inc. (NASDAQ:WEYS) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Judy Anderson - CFO, VP & Secretary Thomas Florsheim - Chairman & CEO John Florsheim - President, COO, Assistant Secretary & Director Conference Call Participants David Wright - Henry Partners Operator Good day and thank you for standing by. Welcome to the Weyco Group First Quarter 2024 Earnings Release Conference Call. [Operator Instructions]. I would now like to hand the conference over to your fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 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 March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________________ to _____________________________ Commission File Number: 000-09068 WEYCO GROUP, INC. (Exact name of registrant as specified in its c ...

Exhibit 99.1 WEYCO REPORTS FIRST QUARTER SALES AND EARNINGS Milwaukee, Wisconsin---May 7, 2024---Weyco Group, Inc. (NASDAQ: WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Consolidated net sales were $71.6 million, down 17% compared to record first-quarter sales of $86.3 million in 2023. Consolidated gross earnings increased to 44.7% of net sales compared to 43.1% of net sales in last year's first quarter, due to higher g ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023, or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ............... to ............... Commission file number 000-09068 WEYCO GROUP, INC. (Exact name of registrant as specified in its charter) Wisconsin 39- ...

Weyco Group, Inc. (NASDAQ:WEYS) Q4 2023 Earnings Conference Call March 6, 2024 11:00 AM ET Company Participants Tom Florsheim - Chairman and Chief Executive Officer Judy Anderson - Chief Financial Officer Conference Call Participants David Wright - Henry Investment Trust Operator Good day and thank you for standing by. Welcome to the Weyco Group Inc. Fourth Quarter and Full Year 2023 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, ...

Exhibit 99.1 WEYCO REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Milwaukee, Wisconsin---March 5, 2024---Weyco Group, Inc. (NASDAQ: WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter and year ended December 31, 2023. 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 m ...