Weyco's Q2 2024 Shows Sequential Improvement. The Stock Is Attractive Into H2 2024
WEYSWeyco (WEYS) 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 ...