Weyco (WEYS) - 2024 Q2 - Quarterly Results
Weyco (WEYS)2024-08-06 20:05
Exhibit 99.1 WEYCO REPORTS SECOND QUARTER 2024 SALES AND EARNINGS Milwaukee, Wisconsin---August 6, 2024---Weyco Group, Inc. (NASDAQ: WEYS) ("we," "our," "us" and the "Company") today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Overview ● Net sales: $63.9 million (down 5% compared to $67.0 million in Q2 2023) ● Gross earnings: 43.9% of net sales (up from 43.3% of net sales in Q2 2023) ● Earnings from operations: $6.7 million (flat with Q2 2023) ● Net earnings: record ...