Weyco (WEYS) - 2024 Q1 - Quarterly Results
WEYSWeyco (WEYS)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 71.6million,down1771.6 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 ...