Weyco Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 01, 2022 at 04:05 pm
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Weyco Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 96.97 million compared to USD 61.8 million a year ago. Net income was USD 10.77 million compared to USD 5.07 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 0.52 a year ago.
For the nine months, sales was USD 252.69 million compared to USD 166.26 million a year ago. Net income was USD 19.32 million compared to USD 10.21 million a year ago. Basic earnings per share from continuing operations was USD 2.02 compared to USD 1.06 a year ago. Diluted earnings per share from continuing operations was USD 2.01 compared to USD 1.05 a year ago.
Weyco Group, Inc. designs, markets, and distributes footwear principally for men. The Company is also focused on women and children, under a portfolio of brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. The Company operates through two segments: North American wholesale (Wholesale) and North American retail (Retail). In the Wholesale segment, its products are sold to footwear, department, and specialty stores, as well as e-commerce retailers, primarily in the United States and Canada. It also has licensing agreements with third parties who sell its branded apparel, accessories, and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. The Retail segment consists of e-commerce businesses and four brick-and-mortar retail stores in the United States. Retail sales are made directly to consumers on its Websites, or by its employees in its stores.
WEYCO GROUP, INC. 
