Weyco's Q3 Earnings Fall Y/Y, Suffer From Reduced Consumer Demand

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 ...