Weyco Q1 sales down 17% to $71.6M; EPS $0.69 vs $0.78; dividend raised 4%

WEYCO GROUP INC

2024-Q1 EPS reported $0.69 revenue$71,558,000

Consolidated net sales $71.6M, down 17% from $86.3M in Q1 2023.
Net earnings $6.7M ($0.69 diluted EPS) vs $7.4M ($0.78) last year.
North American wholesale sales fell 20%; BOGS brand down 48%.
Retail segment posted record Q1 sales of $9.8M, up 10%.
Board declared $0.26 quarterly dividend, a 4% increase from $0.25.

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 the quarter ended March 31, 2024 results: revenue $71.6 million, net income $6.7 million, EPS $0.69 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $71.6 million
Net income: $6.7 million
EPS: $0.69 per diluted share
Result: reported results

Exact text from the filing

(NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Consolidated net sales were $71.6 million, down 17% compared to record first-quarter sales of $86.3 million in 2023. Consolidated gross earnings increased to 44.7% of net sales compared to 43.1% of net sales in last

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Source: SEC EDGAR

accession 0001558370-24-007040

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