Weyco Q2 net sales down 10% but net earnings up 8% to record $4.9M

WEYCO GROUP INC

2023-Q2 EPS reported $1.28 revenue$153,308,000

Net sales $67.0M, down 10% YoY from $74.4M; operating earnings $6.7M, up 18%.
Diluted EPS $0.50 vs $0.47 last year; gross margin improved to 43.3% from 40.0%.
North American wholesale sales fell 13% to $51.5M; retail segment hit record $7.6M, up 3%.
Florsheim Australia sales down slightly in USD but up 7% in local currency.
Board declared $0.25/share dividend, payable Sep 29 to holders of record Aug 25.

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 quarter ended June 30, 2023 results: revenue $67.0 million, net income $4.9 million, EPS $0.50 per diluted share.

Period: quarter ended June 30, 2023
Revenue: $67.0 million
Net income: $4.9 million
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended June 30, 2023. Second Quarter 2023 Consolidated net sales were $67.0 million, down 10% compared to record second-quarter sales of $74.4 million in 2022. Consolidated gross earnings increased to 43.3% of net sales compared to 40.0% of net sales in last

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WEYCO GROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-23-086355

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