Weyco Q2 sales hit record $74.4M (+29%); net earnings $4.5M ($0.47/sh) also record

WEYCO GROUP INC

2022-Q2 EPS reported $0.89 revenue$155,719,000

Net sales $74.4M, up 29% YoY; net earnings $4.5M vs $3.8M; diluted EPS $0.47 vs $0.39.
Wholesale sales record $59.0M (+41%); Florsheim and Stacy Adams each up 47%.
Retail sales record $7.4M (+20%), driven by e-commerce growth across all sites.
Gross margin improved to 40.0% from 39.4% on price increases and lower freight.
Board declared $0.24/share dividend, payable Sept 30 to holders of record Aug 26.

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