WEYS Earnings Prediction
The chart below shows how WEYS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WEYS sees a +1.60% change in stock price 10 days leading up to the earnings, and a +1.62% change 10 days following the report. On the earnings day itself, the stock moves by +0.22%. This data can give you a slight idea of what to expect for the next quarter's release.
WEYS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
74.33M
-11.67%
16.26%
Gross Margin
44.27%
3.05%
0.75%
Operating Margin
13.67%
-7.45%
31.19%
Net Margin
10.85%
-2.25%
23.72%
EPS
0.84
-14.29%
42.37%
No Data Available
WEYS Earnings Analysis
Weyco Group Inc Corporation (WEYS.O) Earnings Conference Call
Positive
Gross Earnings Improvement: Consolidated gross earnings as a percent of net sales increased to 44.3%, from 43% in last year's third quarter, due mainly to higher gross margins in our North American Wholesale segment.
Wholesale Earnings Improvement: Wholesale segment gross earnings as a percent of net sales increased to 40.1% in the third quarter of 2024, compared to 38.6% last year.
Interest Income Increase: Interest income totaled $900,000 in the third quarter of 2024, compared to $300,000 in last year's third quarter, reflecting higher cash balances.
Cash and Securities Position: At September 30, 2024, our cash and marketable securities totaled $81.8 million, and we had no debt outstanding on our $40 million revolving line of credit.
Special Cash Dividend Announcement: On November 5, 2024, our Board of Directors declared a special one-time cash dividend of $2 per share, alongside a regular quarterly dividend of $0.26 per share.
Negative
Net Sales Decline: Overall net sales for the third quarter were $74.3 million down 12%, compared to $84.2 million in 2023.
Earnings Decline Analysis: Quarterly earnings from operations were $10.2 million, down 18% from $12.4 million in 2023.
North American Wholesale Sales Decline: Net sales in our North American Wholesale segment were $61.1 million, down 12% from $69.5 million in 2023.
Outdoor Division Sales Decline: In our Outdoor division, BOGS sales were down 18% for the quarter.
Net Sales Decline: Net sales of Florsheim Australia were $6 million, down 15% from $7.1 million in the third quarter of 2023.
WEYS FAQs
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WEYS Earning Call Sentiment
Weyco Group, Inc. (WEYS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WEYS.O
-1.94%Positive
The earnings call indicates mixed results: declining sales and earnings, yet improved gross margins and cash position. The special dividend and share repurchase are positive, but challenges in consumer behavior and competitive pressures persist. The Q&A reveals uncertainties, particularly with the Forsake brand. Overall, the outlook is balanced, suggesting a neutral stock price movement.
