Weyco Group Q4 net sales record $101.4M, EPS $1.07, full year net income $20.6M

WEYCO GROUP INC

Q4 net sales $101.4M (record), up 64% from $62.0M; net earnings $10.3M ($1.07 diluted) vs $5.1M ($0.52) a year ago.
Full year 2021 net sales $267.6M, net earnings $20.6M ($2.12 diluted) vs net loss of $8.5M ($0.87 loss) in 2020.
Wholesale segment Q4 sales $79.9M (+73%); retail segment sales $13.5M (+55%); other businesses $8.0M.
Board declared quarterly cash dividend of $0.24 per share, payable March 31, 2022 to holders of record March 18, 2022.
Management cites strong demand and recovery from pandemic; expects supply chain headwinds to continue into early 2022.

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