Weyco Group Q1 net sales record $86.3M, EPS $0.78 up 84% YoY, dividend raised to $0.25

WEYCO GROUP INC

2023-Q1 EPS reported $0.78 revenue$86,294,000

Q1 net sales record $86.3M (+6% YoY); diluted EPS $0.78 vs $0.42.
Wholesale operating earnings record $8.8M (+82%) on gross margins of 38.2% vs 30.0%.
Retail segment record sales $8.9M (+14%); operating earnings $1.3M (+55%).
Florsheim Australia sales up 24% in local currency; segment posted $275K operating profit vs loss.
Quarterly dividend raised 4% to $0.25 per share, payable June 30 to holders of record May 26.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEYCO GROUP INC reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Consolidated net sales were a first-quarter record of $86.3 million, up 6% compared to our previous record of $81.4 million in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEYCO GROUP INC reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Operating earnings were a first-quarter record of $10.4 million, up more than 90% over last year's first quarter operating earnings of $5.4 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEYCO GROUP INC reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

Net earnings were a first-quarter record of $7.4 million, or $0.78 per diluted share, up 84% compared to $4.1 million, or $0.42 per diluted share, last year.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

WEYCO GROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-23-055015

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