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Weyco Reports Fourth Quarter and Full Year 2024 Results

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Weyco Group (NASDAQ: WEYS) reported Q4 2024 financial results with net sales remaining flat at $80.5 million compared to Q4 2023. The company achieved net earnings of $10.0 million, up 17% from $8.5 million in Q4 2023, with diluted EPS increasing to $1.04 from $0.90.

In the North American Wholesale segment, Florsheim sales grew 22% and Nunn Bush rose 4%, while BOGS declined 17% due to warm weather, and Stacy Adams dropped 8%. The retail segment saw a 1% increase to $14.1 million, driven by higher direct-to-consumer sales.

For full-year 2024, total net sales decreased 9% to $290.3 million, though the company achieved record net earnings of $30.3 million. The company faces new challenges in 2025 with additional U.S. tariffs on Chinese goods, prompting negotiations with suppliers and pricing reviews.

Weyco Group (NASDAQ: WEYS) ha riportato i risultati finanziari del quarto trimestre 2024, con vendite nette rimaste stabili a 80,5 milioni di dollari rispetto al quarto trimestre 2023. L'azienda ha raggiunto un utile netto di 10,0 milioni di dollari, in aumento del 17% rispetto agli 8,5 milioni di dollari del quarto trimestre 2023, con un utile per azione diluito che è passato da 0,90 a 1,04 dollari.

Nel segmento all'ingrosso nordamericano, le vendite di Florsheim sono cresciute del 22% e Nunn Bush è aumentato del 4%, mentre BOGS è diminuito del 17% a causa del clima caldo e Stacy Adams ha registrato un calo dell'8%. Il segmento retail ha visto un incremento dell'1%, raggiungendo 14,1 milioni di dollari, grazie a vendite dirette al consumatore più elevate.

Per l'intero anno 2024, le vendite nette totali sono diminuite del 9%, arrivando a 290,3 milioni di dollari, sebbene l'azienda abbia raggiunto un utile netto record di 30,3 milioni di dollari. L'azienda affronta nuove sfide nel 2025 con ulteriori dazi statunitensi sui beni cinesi, il che ha portato a negoziazioni con i fornitori e revisioni dei prezzi.

Weyco Group (NASDAQ: WEYS) reportó los resultados financieros del cuarto trimestre de 2024, con ventas netas estables en 80,5 millones de dólares en comparación con el cuarto trimestre de 2023. La compañía logró ganancias netas de 10,0 millones de dólares, un aumento del 17% desde 8,5 millones de dólares en el cuarto trimestre de 2023, con un BPA diluido que aumentó de 0,90 a 1,04 dólares.

En el segmento mayorista de América del Norte, las ventas de Florsheim crecieron un 22% y Nunn Bush aumentó un 4%, mientras que BOGS disminuyó un 17% debido al clima cálido y Stacy Adams cayó un 8%. El segmento minorista vio un aumento del 1%, alcanzando los 14,1 millones de dólares, impulsado por mayores ventas directas al consumidor.

Para el año completo 2024, las ventas netas totales disminuyeron un 9% a 290,3 millones de dólares, aunque la compañía logró ganancias netas récord de 30,3 millones de dólares. La empresa enfrenta nuevos desafíos en 2025 con aranceles adicionales de EE. UU. sobre bienes chinos, lo que ha llevado a negociaciones con proveedores y revisiones de precios.

웨이� 그룹 (NASDAQ: WEYS)� 2024� 4분기 재무 결과� 발표했으�, 2023� 4분기와 비교하여 순매출이 8,050� 달러� 평탄하게 유지되었습니�. 회사� 순이� 1,000� 달러� 기록했으�, 이는 2023� 4분기 850� 달러에서 17% 증가� 수치�, 희석 주당순이�(EPS)은 0.90달러에서 1.04달러� 증가했습니다.

북미 도매 부문에� Florsheim� 매출은 22% 증가했으� Nunn Bush� 4% 상승했지�, BOGS� 따뜻� 날씨� 인해 17% 감소했고 Stacy Adams� 8% 하락했습니다. 소매 부문은 소비� 직접 판매 증가� 인해 1% 증가하여 1,410� 달러� 도달했습니다.

2024� 전체 연도� 대� � 순매출은 9% 감소하여 2� 9,030� 달러� 이르렀지�, 회사� 3,030� 달러� 기록적인 순이익을 달성했습니다. 회사� 2025년에 중국 제품� 대� 추가 미국 관세로 인해 공급업체와� 협상� 가� 검토라� 새로� 도전� 직면하고 있습니다.

Weyco Group (NASDAQ: WEYS) a publié les résultats financiers du quatrième trimestre 2024, avec des ventes nettes restant stables à 80,5 millions de dollars par rapport au quatrième trimestre 2023. L'entreprise a réalisé un bénéfice net de 10,0 millions de dollars, en hausse de 17 % par rapport à 8,5 millions de dollars au quatrième trimestre 2023, avec un BPA dilué passant de 0,90 à 1,04 dollar.

Dans le segment de gros nord-américain, les ventes de Florsheim ont augmenté de 22 % et Nunn Bush de 4 %, tandis que BOGS a chuté de 17 % en raison du temps chaud, et Stacy Adams a baissé de 8 %. Le segment de détail a connu une augmentation de 1 % pour atteindre 14,1 millions de dollars, soutenue par des ventes directes aux consommateurs plus élevées.

Pour l'ensemble de l'année 2024, les ventes nettes totales ont diminué de 9 % pour atteindre 290,3 millions de dollars, bien que l'entreprise ait réalisé un bénéfice net record de 30,3 millions de dollars. L'entreprise fait face à de nouveaux défis en 2025 avec des droits de douane supplémentaires aux États-Unis sur les produits chinois, ce qui entraîne des négociations avec les fournisseurs et des révisions de prix.

Weyco Group (NASDAQ: WEYS) hat die finanziellen Ergebnisse für das vierte Quartal 2024 veröffentlicht, wobei die Nettoumsätze mit 80,5 Millionen Dollar im Vergleich zum vierten Quartal 2023 stabil blieben. Das Unternehmen erzielte einen Nettogewinn von 10,0 Millionen Dollar, was einem Anstieg von 17 % gegenüber 8,5 Millionen Dollar im vierten Quartal 2023 entspricht, während der verwässerte Gewinn pro Aktie von 0,90 auf 1,04 Dollar stieg.

Im nordamerikanischen Großhandelssegment wuchsen die Verkäufe von Florsheim um 22 % und Nunn Bush um 4 %, während BOGS aufgrund des warmen Wetters um 17 % zurückging und Stacy Adams um 8 % fiel. Im Einzelhandelssegment gab es einen Anstieg von 1 % auf 14,1 Millionen Dollar, der durch höhere Direktverkäufe an Verbraucher angetrieben wurde.

Für das Gesamtjahr 2024 sanken die gesamten Nettoumsätze um 9 % auf 290,3 Millionen Dollar, obwohl das Unternehmen einen Rekordnettogewinn von 30,3 Millionen Dollar erzielte. Das Unternehmen sieht sich 2025 neuen Herausforderungen gegenüber, da zusätzliche US-Zölle auf chinesische Waren erhoben werden, was zu Verhandlungen mit Lieferanten und Preisüberprüfungen führt.

Positive
  • Record net earnings of $30.3 million for full-year 2024
  • Q4 net earnings up 17% to $10.0 million
  • Florsheim sales grew 22% in Q4
  • Retail segment achieved record sales of $38.7 million in 2024
  • Interest income increased to $3.7 million from $1.1 million in 2023
Negative
  • Overall net sales down 9% to $290.3 million in 2024
  • BOGS sales declined 27% for full-year 2024
  • Gross earnings decreased to 47.9% from 50.3% in Q4
  • New tariffs on Chinese goods will increase costs
  • Retail operating earnings down 21% to $5.3 million in 2024

Insights

Weyco Group delivered a mixed but ultimately positive Q4 2024, demonstrating effective cost management despite challenging market conditions. While Q4 net sales remained flat at $80.5 million, the company achieved a 17% increase in net earnings to $10 million and improved EPS by 15.6% to $1.04.

The results highlight Weyco's diversified portfolio strategy paying dividends. Florsheim's exceptional 22% growth offset declines in other brands, particularly BOGS (down 17%) which suffered from warm weather affecting seasonal demand. The wholesale segment showed operational efficiency with expenses decreasing from 32% to 28% of sales, driving a 14% increase in wholesale operating earnings despite gross margin compression.

For the full year, while sales declined 9% to $290.3 million and operating earnings fell 11%, the company still achieved record net earnings of $30.3 million, demonstrating effective bottom-line management through improved gross margins and lower effective tax rates.

Looking ahead, investors should monitor how Weyco navigates the newly imposed tariffs on Chinese goods. Management has proactively begun supplier negotiations and pricing reviews to mitigate these cost pressures. The company's strong balance sheet and continued quarterly dividend of $0.26 per share signal financial stability despite macroeconomic uncertainties.

Weyco's performance reveals critical insights into current footwear market dynamics. The divergence between brands—Florsheim surging 22% while BOGS declined 17%—reflects a broader shift in consumer preferences toward versatile dress and hybrid footwear over specialized outdoor products.

The retail segment's record annual sales of $38.7 million underscore the continuing strength of direct-to-consumer channels, though the 28% decline in Q4 retail operating earnings warrants attention. This drop stemmed from higher web advertising and freight costs, highlighting the increasing customer acquisition expenses in the competitive e-commerce landscape.

Particularly notable is Australia's 11% same-store sales growth despite operating five fewer retail locations, demonstrating effective store rationalization and productivity improvements. This strategic pruning of underperforming locations while driving higher sales through remaining stores exemplifies smart physical footprint management.

The inventory correction cycle mentioned with BOGS products indicates the outdoor footwear segment has worked through its post-pandemic inventory glut, potentially setting the stage for healthier ordering patterns. However, the company faces twin challenges from abnormal weather patterns affecting seasonal products and new tariff impositions on Chinese-sourced goods. Weyco's active supplier negotiations and pricing strategy reviews represent an industry-standard response, but will likely squeeze margins or consumer value propositions as these costs must ultimately be absorbed somewhere in the value chain.

MILWAUKEE, March 04, 2025 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,� “our,� “us� and the “Company�) today announced financial results for the quarter and year ended December 31, 2024.

Fourth Quarter 2024 Overview

  • Net sales: $80.5 million (flat with Q4 2023)
  • Gross earnings: 47.9% of net sales (down compared to 50.3% of net sales in Q4 2023)
  • Earnings from operations: $11.5 million (flat with Q4 2023)
  • Net earnings: $10.0 million (up 17% compared to $8.5 million in Q4 2023)
  • Diluted earnings per share: $1.04 (up from $0.90 in Q4 2023)

North American Wholesale Segment
Net sales in our wholesale segment totaled $60.4 million in the fourth quarter of 2024, up 1% compared to $59.6 million in the fourth quarter of 2023. Higher sales of our Florsheim and Nunn Bush brands were mostly offset by lower sales of BOGS and Stacy Adams this quarter. Florsheim’s sales were up 22%, driven by increased sales of dress and hybrid footwear. Nunn Bush sales were up 4%, due to higher sales with department stores and off-price retailers. BOGS sales were down 17% for the quarter, as at-once demand during the brand’s key season was stifled by warm, dry weather. Stacy Adams sales were down 8%, reflecting soft demand in the dress category.

Wholesale gross earnings as a percent of net sales were 42.4% and 44.9% in the fourth quarters of 2024 and 2023, respectively. Wholesale selling and administrative expenses were $16.7 million, or 28% of net sales, for the quarter compared to $18.9 million, or 32% of net sales, last year. The fourth-quarter expense decrease was mainly due to lower advertising and employee costs. Wholesale operating earnings increased 14% to $8.9 million for the quarter, from $7.9 million in 2023, due to higher sales and lower expenses.

North American Retail Segment
Net sales in our retail segment, which were generated mainly by our e-commerce websites, were $14.1 million for the quarter, up 1% over $13.9 million in 2023. The slight increase was due to higher direct-to-consumer sales of BOGS and Florsheim footwear.

Retail gross earnings as a percent of net sales were 65.0% and 65.8% in the fourth quarters of 2024 and 2023, respectively. Retail operating earnings totaled $2.5 million for the quarter, down 28% from $3.5 million last year. The decrease was due to higher retail selling and administrative expenses, primarily web advertising and freight.

Other Operations
Our other operations historically included our retail and wholesale businesses in Australia, South Africa, and Asia Pacific (collectively, “Florsheim Australia�). We ceased operations in the Asia Pacific region in 2023 and completed the wind down of that business. Accordingly, fourth-quarter 2024 results of the “other� category only reflect the operations of Australia and South Africa.

Net sales of Florsheim Australia were $6.0 million, down 15% from $7.2 million in the fourth quarter of 2023. The decrease was mostly due to the closing of our Asia Pacific operations. Sales in Australia were down 3% for the quarter, due to the impact of five fewer retail stores operating compared to the same period last year. Australia’s same store sales were up 11% for the quarter.

Florsheim Australia’s gross earnings as a percent of net sales were 62.5% and 65.4% in the fourth quarters of 2024 and 2023, respectively. Its quarterly operating earnings totaled $0.1 million this year and $0.2 million last year.

Interest Income and Taxes
Interest income totaled $0.9 million compared to $0.5 million in last year’s fourth quarter. This year included interest earned on higher cash balances in the U.S. and Canada. The provision for income taxes decreased $0.7 million compared to last year’s fourth quarter, due to a lower effective tax rate this year.

Full Year 2024 Overview

  • Net sales: $290.3 million (down 9% compared to $318.0 million in 2023)
  • Gross earnings: 45.3% of net sales (up from 44.9% of net sales in 2023)
  • Earnings from operations: $36.6 million (down 11% compared to $41.0 million in 2023)
  • Net earnings: record $30.3 million (slight increase over 2023)
  • Diluted earnings per share: $3.16 (versus $3.17 in 2023)

North American Wholesale Segment
Wholesale net sales were $227.9 million in 2024, down 9% compared to sales of $250.4 million in 2023. Sales of our BOGS brand were down 27% for the year, as retailers reduced orders early in the year due to an inventory glut in the outdoor market, which has since eased. In the last half of 2024, BOGS was further challenged by mild Fall and early Winter weather in the northern U.S. and the brand was unable to rebound for the year. Sales of the Stacy Adams and Nunn Bush brands were down 13% and 6%, respectively, for the year, resulting from lower demand. Florsheim’s net sales increased 2% for the year.

Wholesale gross earnings as a percent of net sales were 40.2% in 2024 and 39.7% in 2023. Gross margins improved because of lower inventory costs, primarily inbound freight. Selling and administrative expenses totaled $60.1 million in 2024 compared to $66.0 million in 2023. The decrease in 2024 was due to lower employee costs, mainly commission-based compensation, as well as lower advertising costs (mainly due to the reallocation of these costs described below). As a percent of net sales, wholesale selling and administrative expenses were flat at 26% in both 2024 and 2023. Wholesale operating earnings were $31.5 million in 2024, down 5% from record operating earnings of $33.3 million in 2023, mainly as a result of lower sales.

North American Retail Segment
Retail net sales were a record $38.7 million in 2024, up 2% over our previous record of $38.0 million in 2023. The increase was primarily due to higher direct-to-consumer sales of Florsheim and BOGS footwear.

Retail gross earnings as a percent of net sales were flat at 65.9% in both 2024 and 2023. Retail operating earnings totaled $5.3 million in 2024, down 21% compared to $6.8 million in 2023. The decrease was due to higher retail selling and administrative expenses this year, primarily web advertising and freight. Web advertising costs were up due to the reallocation of certain expenditures historically charged to our wholesale segment that primarily benefit our websites.

Other Operations
Net sales at Florsheim Australia totaled $23.6 million in 2024, down 20% from $29.6 million in 2023. The decrease was primarily due to the closing of our Asia Pacific operations. Sales in Australia were down 10% for the year, due mainly to the impact of six fewer retail stores operating compared to last year. Australia’s same store sales were up 2% for the year.

Florsheim Australia’s gross earnings were 61.0% of net sales in 2024 versus 62.5% of net sales in 2023. Florsheim Australia generated operating losses of $0.2 million in 2024 compared to operating earnings of $1.0 million in 2023. The decrease was due to lower sales.

Interest Income and Taxes
Interest income totaled $3.7 million in 2024 compared to $1.1 million in 2023. As described above, this year included interest earned on higher cash balances in the U.S. and Canada. The annual provision for income taxes decreased $1.2 million compared to 2023, due to a lower effective tax rate this year.

In early 2025, the U.S. government imposed additional tariffs on goods sourced from China. These tariffs will increase our cost of goods across all our brands. In an effort to mitigate the impact of the tariff cost increases, we have already begun negotiating price reductions with a number of our Chinese suppliers, and are in the process of reviewing our wholesale pricing for Fall.

“The benefits of a diversified, multi-brand portfolio were evident in the fourth quarter, as double-digit sales growth in our Florsheim business offset declines of our other brands, enabling us to uphold profitability for the period. All brands� fourth-quarter performance improved relative to earlier quarters this year, stated Thomas W. Florsheim, Jr., Chairman and CEO. �Looking forward to 2025, after three consecutive years of record-breaking net earnings and armed with a strong balance sheet, we believe we are in the best possible position to face current macroeconomic and geopolitical uncertainty. Our strategy is to continue to focus on the long-term health and growth of our business.�

Dividend Declaration
On March 4, 2025, our Board of Directors declared a regular quarterly cash dividend of $0.26 per share to all shareholders of record on March 14, 2025, payable March 31, 2025.

Conference Call Details
Weyco Group will host a conference call on March 5, 2025, at 11:00 a.m. Eastern Time to discuss the fourth quarter and full year 2024 financial results in more detail. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes, and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: .

The pre-registration process will provide the conference call phone number and a passcode required to enter the call. A replay will be available for one year beginning about two hours after the completion of the call at the following webcast link: . The conference call will also be available in the investor relations section of Weyco Group’s website at .

About Weyco Group
Weyco Group, Inc., designs and markets quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The Company’s products can be found in leading footwear, department, and specialty stores, as well as on e-commerce websites worldwide. Weyco Group also operates Florsheim stores in the United States, Australia, and South Africa.

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor� provisions of the Private Securities Litigation Reform Act of 1995. Various factors could cause our results to be materially different from the results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the impact of inflation generally and, specifically, increases in our costs for materials, labor and other manufacturing inputs; the impacts of changes in trade policy, including tariffs imposed by the U.S. on goods sourced from China and other countries; a slow down or contraction in the overall U.S. or Australian economies; our ability to successfully market and sell our products in a highly competitive industry and in view of changing and unpredictable consumer trends; the effect of unseasonable weather conditions on the demand for certain of our products; our ability to successfully procure our products from independent manufacturers on a timely basis; consumer acceptance of products and other factors affecting retail market conditions, changes in interest rates, the uncertain impact of the wars in Ukraine and Israel and the related economic and other sanctions imposed by the U.S. and European Union; and other factors detailed from time to time in our filings made with the Securities and Exchange Commission, including our annual report on Form 10-K filed on March 14, 2024, which are incorporated herein by reference. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

For more information, contact:

Judy Anderson
Vice President, Chief Financial Officer and Secretary
414-908-1833

WEYCO GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(UNAUDITED)
Three Months Ended December31,Year Ended December31,
2024202320242023
(In thousands, except per share amounts)
Net sales$80,471$80,590$290,290$318,048
Cost of sales41,94740,029158,765175,165
Gross earnings38,52440,561131,525142,883
Selling and administrative expenses26,98529,05694,911101,859
Earnings from operations11,53911,50536,61441,024
Interest income9185093,6811,107
Interest expense(7)(15)(529)
Other expense, net(21)(307)(444)(738)
Earnings before provision for income taxes12,43611,70039,83640,864
Provision for income taxes2,4363,1589,51610,676
Net earnings$10,000$8,542$30,320$30,188
Weighted average shares outstanding
Basic9,5149,4229,4559,449
Diluted9,6689,5239,5999,535
Earnings per share
Basic$1.06$0.90$3.21$3.19
Diluted$1.04$0.90$3.16$3.17
Cash dividends declared (per share)$2.26$0.25$3.03$0.99
Comprehensive income$9,270$11,966$29,697$33,070


WEYCO GROUP,INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)
December31,December31,
20242023
(Dollars in thousands)
ASSETS:
Cash and cash equivalents$70,963$69,312
Marketable securities, at amortized cost852215
Accounts receivable, net37,46439,275
Income tax receivable1,086245
Inventories74,01274,890
Prepaid dividend21,5792,352
Prepaid expenses and other current assets3,4353,820
Total current assets209,391190,109
Marketable securities, at amortized cost5,5296,354
Deferred income tax benefits1,0371,096
Property, plant and equipment, net28,18029,504
Operating lease right-of-use assets10,50412,520
Goodwill12,31712,317
Trademarks32,86833,168
Other assets24,26024,274
Total assets$324,086$309,342
LIABILITIES AND EQUITY:
Accounts payable$8,378$8,845
Dividend payable21,5792,352
Operating lease liabilities4,0333,979
Accrued liabilities13,27314,446
Total current liabilities47,26329,622
Deferred income tax liabilities13,92211,819
Long-term pension liability9,88813,412
Operating lease liabilities7,0349,531
Other long-term liabilities394465
Total liabilities78,50164,849
Common stock9,6439,497
Capital in excess of par value72,57771,661
Reinvested earnings181,299180,646
Accumulated other comprehensive loss(17,934)(17,311)
Total equity245,585244,493
Total liabilities and equity$324,086$309,342


WEYCO GROUP,INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)
Year Ended December31,
20242023
(Dollarsinthousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings$30,320$30,188
Adjustments to reconcile net earnings to net cash provided by operating activities -
Depreciation2,4832,579
Amortization264271
Bad debt expense110519
Deferred income taxes1,0572,462
Net foreign currency transaction (gains) losses(12)99
Share-based compensation expense1,4501,352
Pension expense9621,293
Impairment of trademark300450
Loss on disposal of fixed assets3659
Increase in cash surrender value of life insurance(738)(684)
Changes in operating assets and liabilities -
Accounts receivable1,78013,531
Inventories82153,047
Prepaid expenses and other assets(18,329)(358)
Accounts payable(419)(6,074)
Accrued liabilities and other(3,078)(982)
Income tax receivable(857)879
Net cash provided by operating activities16,15098,631
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities of marketable securities2151,960
Proceeds from sale of investment securities107
Purchases of property, plant and equipment(1,386)(3,309)
Net cash used for investing activities(1,171)(1,242)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid(9,688)(9,286)
Shares purchased and retired(586)(4,338)
Net proceeds from stock options exercised51103
Payment of contingent consideration(500)
Taxes paid related to the net share settlement of equity awards(419)(186)
Proceeds from bank borrowings70,060
Repayments of bank borrowings(101,196)
Net cash used for financing activities(10,642)(45,343)
Effect of exchange rate changes on cash and cash equivalents(2,686)390
Net increase in cash and cash equivalents$1,651$52,436
CASH AND CASH EQUIVALENTS at beginning of year69,31216,876
CASH AND CASH EQUIVALENTS at end of year$70,963$69,312
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net of refunds$9,401$7,115
Interest paid$15$977

FAQ

What were Weyco Group's (WEYS) Q4 2024 earnings per share?

Weyco Group reported Q4 2024 diluted earnings per share of $1.04, up from $0.90 in Q4 2023.

How did Weyco's Florsheim brand perform in Q4 2024?

Florsheim sales increased 22% in Q4 2024, driven by increased sales of dress and hybrid footwear.

What is the impact of new tariffs on WEYS in 2025?

New U.S. tariffs on Chinese goods will increase costs across all brands, leading to supplier negotiations and wholesale pricing reviews.

What was WEYS's dividend announcement for March 2025?

Weyco declared a quarterly cash dividend of $0.26 per share, payable March 31, 2025, to shareholders of record on March 14, 2025.

How did WEYS perform in full-year 2024?

WEYS achieved record net earnings of $30.3 million in 2024, despite a 9% decrease in net sales to $290.3 million.
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323.18M
6.03M
36.85%
26.52%
0.42%
Footwear & Accessories
Wholesale-apparel, Piece Goods & Notions
United States
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