Weyco Group Q2 net sales $57.6M, near pre-pandemic levels; acquires Forsake footwear brand

WEYCO GROUP INC

2021-Q2 EPS reported $0.53 revenue$104,464,000

Q2 2021 net sales $57.6M (vs $16.6M in Q2 2020, ~95% of Q2 2019); net earnings $3.8M ($0.39 diluted) vs loss $8.9M (-$0.91).
North American wholesale segment sales $41.9M (vs $9.3M); operating earnings recovered to $2.7M from loss $10.2M.
North American retail same-store sales up 73%; operating earnings $1.2M vs loss $856K; four brick-and-mortar stores remain.
Acquired Forsake outdoor footwear brand on June 7 for ~$2.6M plus contingent payments (estimated ~$1.4M).
Board declared $0.24/share dividend, record Aug 27, payable Sep 30, 2021.

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