earnings
confidence high
sentiment negative
materiality 0.70
Weyco Q3 2024: net sales down 12% to $74.3M, EPS $0.84; declares special $2.00 dividend
WEYCO GROUP INC
2024-Q3 EPS reported
$2.12
revenue$209,819,000
- Net sales $74.3M, down 12% YoY; diluted EPS $0.84 vs $0.98.
- Wholesale segment sales $61.1M (-12%); Nunn Bush -20%, Stacy Adams -17%, BOGS -18%.
- CEO cites soft consumer demand and mild fall weather hurting BOGS at-once orders.
- Board declared special cash dividend of $2.00 per share plus regular $0.26 dividend; record Nov 18.
- Gross margin improved to 44.3% from 43.0%; operating earnings $10.2M down 18%.