earnings
confidence high
sentiment positive
materiality 0.70
Weyco posts record $30.3M net earnings for FY2024; Q4 EPS $1.04
WEYCO GROUP INC
- Q4 2024 net sales $80.5M (flat YoY); net earnings $10.0M +17%; diluted EPS $1.04 vs $0.90.
- Full year 2024 net sales $290.3M (-9% YoY); record net earnings $30.3M; diluted EPS $3.16 vs $3.17.
- Wholesale segment sales down 9% to $227.9M; BOGS -27%, Florsheim +2%; retail segment record $38.7M +2%.
- Dividend maintained at $0.26/share, payable March 31, 2025 to holders of record March 14, 2025.
- New US tariffs on Chinese goods expected to increase costs; negotiating supplier price reductions, reviewing pricing.