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Weyco's Q2 2024 Shows Sequential Improvement. The Stock Is Attractive Into H2 2024
Seeking Alpha· 2024-09-10 21:42
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 ...
Weyco (WEYS) - 2025 Q1 - Earnings Call Presentation
2024-08-10 00:42
Overview AUGUST 2024 ORION ENERGY SYSTEMS, INC. LED Lighting & Controls Lighting Maintenance EV Charging NASDAQ: OESX orionlighting.com | 1.800.660.9340 | | 1 SAFE HARBOR Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as " ...
Weyco (WEYS) - 2024 Q2 - Quarterly Report
2024-08-08 23:42
分组1:净销售额 - 公司第二季度合并净销售额为6390万美元,同比下降5%[88] - 公司上半年合并净销售额为13550万美元,同比下降12%[89] - 北美批发业务第二季度净销售额为5020万美元,同比下降2%[92] - 北美零售业务第二季度净销售额为760万美元,同比持平[92] - 其他业务第二季度净销售额为608万美元,同比下降23%[92] - 北美批发业务上半年净销售额为10650万美元,同比下降12%[92] - 零售部门净销售额在2024年第二季度持平,为760万美元[102] - 2024年上半年零售部门净销售额达到1740万美元,同比增长5%[102] - Florsheim Australia在2024年第二季度的净销售额为610万美元,同比下降23%[107] 分组2:毛利率 - 公司第二季度合并毛利率为43.9%,同比提高0.6个百分点[88] - 公司上半年合并毛利率为44.4%,同比提高1.2个百分点[89] - 零售部门毛利率在2024年第二季度为67.5%,相比2023年同期的66.2%有所提升[103] - Florsheim Australia在2024年第二季度的毛利率为62.0%,相比2023年同期的62.4%略有下降[108] 分组3:净利润 - 公司第二季度净利润为560万美元,同比增长15%[88] - 公司上半年净利润为1230万美元,与去年同期持平[89] - 零售部门营业利润在2024年第二季度为70万美元,同比下降35%[105] - Florsheim Australia在2024年第二季度的营业利润为20万美元,同比下降33%[109] 分组4:费用和利润率 - 零售部门销售和管理费用在2024年第二季度为440万美元,占净销售额的58%,相比2023年同期的52%有所增加[104] 分组5:利息收入 - 公司2024年第二季度的利息收入为100万美元,相比2023年同期的20万美元大幅增加[110] 分组6:现金流量 - 公司2024年上半年经营活动产生的现金流量为1770万美元,相比2023年同期的4360万美元有所减少[113]
Weyco's (WEYS) Q2 Earnings Rise Y/Y Despite a Dip in Sales
ZACKS· 2024-08-08 03:20
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 ...
Weyco (WEYS) - 2024 Q2 - Quarterly Results
2024-08-07 04:05
财务业绩 - 第二季度销售额为6,393.2万美元,同比下降5%[2] - 毛利率为43.9%,同比上升0.6个百分点[2] - 每股摊薄收益为0.59美元,同比增长18%[2] - 公司净收益为12,257千美元[29] - 公司营业活动产生的现金流为17,668千美元[29] - 公司投资活动使用的现金流为129千美元[30] - 公司融资活动使用的现金流为7,676千美元[31] - 公司现金及现金等价物净增加5,086千美元[32] - 公司支付的所得税净额为4,337千美元[33] - 公司支付的利息为0千美元[33] - 公司折旧费用为1,204千美元[29] - 公司摊销费用为133千美元[29] - 公司股份支付费用为698千美元[29] 业务分部表现 - 批发业务销售额为5,020万美元,同比下降2%[3] - 批发业务毛利率为38.2%,同比上升1.2个百分点[4] - 零售业务销售额为760万美元,与去年同期持平[5] - 零售业务毛利率为67.5%,同比上升1.3个百分点[5] - 其他业务(主要为澳大利亚和南非)销售额为610万美元,同比下降23%[6] - 利息收入为96.4万美元,同比增加4.74倍[8]
WEYCO Group, Inc. Second Quarter 2024 Earnings Conference Call
GlobeNewswire News Room· 2024-07-10 04:05
Milwaukee, WI, July 09, 2024 (GLOBE NEWSWIRE) -- WEYCO Group, Inc. (NASDAQ: WEYS), a global marketer of footwear, plans to announce second quarter 2024 financial results after the close on Tuesday, August 6, 2024.  Additionally, Thomas W. Florsheim, Jr., Chairman and CEO, will host a conference call on Wednesday, August 7, 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 fe ...
Weyco (WEYS) - 2024 Q1 - Quarterly Report
2024-05-10 02:12
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 ...
Weyco (WEYS) - 2024 Q1 - Quarterly Results
2024-05-08 04:05
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 ...
Weyco (WEYS) - 2023 Q4 - Annual Report
2024-03-14 23:19
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 (WEYS) - 2023 Q4 - Annual Results
2024-03-06 05:05
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 ...