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Weyco Reports Third Quarter 2024 Sales and Earnings; Declares Special Cash Dividend of $2.00 Per Share
WEYSWeyco (WEYS) GlobeNewswire News Room·2024-11-05 21:05

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: 74.3million(down1274.3 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: 10.2million(down1810.2 million (down 18% compared to 12.4 million in Q3 2023)Net earnings: 8.1million(down148.1 million (down 14% compared to 9.3 milli ...