Weyco Q2 net earnings rise 15% to $5.6M record; EPS $0.59; sales down 5%

WEYCO GROUP INC

2024-Q2 EPS reported $1.28 revenue$135,490,000

Net sales $63.9M, down 5% from $67.0M in Q2 2023; wholesale segment down 2%.
Net earnings $5.6M (record) vs $4.9M; diluted EPS $0.59 vs $0.50; gross margin 43.9% (up from 43.3%).
Wholesale operating earnings up 8% to $5.8M; BOGS sales down 33% but inventories normalizing.
Retail sales flat at $7.6M; Florsheim Australia sales down 23% due to Asia Pacific closure.
Board declared $0.26/share dividend, payable Sept 30, record Aug 19.

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