NASDAQ$WEYS
Weyco Group Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Weyco Group's financial performance rebounded in Q2 2021, with sales and earnings recovering to near or above pre-pandemic levels.
Weyco Group reported a strong recovery in Q2 2021, with net sales reaching $57.6 million compared to $16.6 million in Q2 2020. Operating earnings were $4.5 million, a significant improvement from the $13.0 million operating losses in the same period last year. Net earnings rose to $3.8 million, or $0.39 per diluted share, compared to a net loss of $8.9 million, or $0.91 per diluted share, in Q2 2020.
- Net sales for Q2 2021 reached $57.6 million, nearing pre-pandemic levels and demonstrating a strong recovery.
- Operating earnings rebounded to $4.5 million, a significant improvement compared to the operating losses of $13.0 million in Q2 2020.
- The North American wholesale segment experienced sales growth across all brands, with sales reaching $41.9 million.
- The North American retail segment saw a 73% increase in same-store sales, driven by e-commerce growth and higher brick-and-mortar sales.
Headline financials
Revenue & EPS history
Weyco · Revenue · Quarterly
$57.6M
Revenue by segment
Weyco · $57.6M total across 3 segments · Q2 2021
- North American Wholesale$41.9M+350.5%72.7%
- Florsheim Australia$9.5M+156.8%16.5%
- North American Retail$6.2M+72.2%10.8%
Forward guidance
The company is excited about the improved trajectory, but the pandemic continues to impact the business to varying degrees. They are looking forward to integrating Forsake into their portfolio and are excited about the growth potential of this brand, particularly through the e-commerce channel.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.1%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.1%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+21.3%
Q3 2024
Best reaction
-12.8%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.7% | +2.5% | +8.0% | |
| Q4 2025 | +1.0% | -1.6% | -0.3% | |
| Q3 2025 | +10.2% | +15.8% | +9.4% | |
| Q1 2025 | +2.4% | +9.8% | +5.5% | |
| Q4 2024 | -1.8% | -5.4% | -16.9% | |
| Q3 2024 | +21.3% | +13.7% | +0.4% | |
| Q2 2024 | +1.6% | +2.1% | +7.7% | |
| Q1 2024 | -3.2% | -1.9% | +4.3% | |
| Q4 2023 | -8.8% | -11.6% | -8.1% | |
| Q3 2023 | -0.6% | -4.4% | +13.8% | |
| Q2 2023 | -9.0% | -7.8% | -6.4% | |
| Q1 2023 | -1.6% | -2.2% | +3.8% | |
| Q4 2022 | -2.5% | -11.4% | +2.3% | |
| Q3 2022 | -4.8% | -5.0% | +1.5% | |
| Q2 2022 | -4.2% | -5.6% | -10.0% | |
| Q1 2022 | +0.3% | +6.6% | +16.8% | |
| Q4 2021 | +0.9% | +1.0% | +9.8% | |
| Q3 2021 | +3.9% | +2.8% | +8.7% | |
| Q2 2021 | +2.1% | +4.4% | +5.1% | |
| Q1 2021 | -0.6% | +1.0% | +2.9% | |
| Q4 2020 | +0.3% | +9.1% | +18.6% | |
| Q3 2020 | -3.8% | +2.5% | +2.7% | |
| Q2 2020 | -4.1% | -1.5% | -6.0% | |
| Q1 2020 | +2.0% | +10.3% | +8.8% | |
| Q4 2019 | -7.1% | -1.3% | -5.6% | |
| Q3 2019 | -4.1% | +0.6% | -5.2% | |
| Q2 2019 | -3.6% | -4.7% | -2.0% | |
| Q1 2019 | +0.7% | -2.3% | -22.9% | |
| Q4 2018 | +4.8% | +6.0% | +10.6% | |
| Q3 2018 | +1.4% | +2.9% | -2.7% | |
| Q2 2018 | +3.7% | +6.9% | +4.7% | |
| Q1 2018 | +1.6% | -7.6% | -1.8% | |
| Q4 2017 | +3.0% | +7.4% | +15.1% | |
| Q3 2017 | -2.0% | -3.5% | +0.5% | |
| Q2 2017 | +1.6% | +1.2% | +3.8% | |
| Q1 2017 | +0.1% | -0.8% | -1.1% | |
| Q4 2016 | -12.8% | -11.6% | +0.2% | |
| Q3 2016 | +5.2% | +16.6% | +14.2% | |
| Q2 2016 | -9.8% | -7.7% | -7.0% | |
| Q1 2016 | -1.9% | — | — | |
| Q4 2015 | -5.4% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | +1.3% | — | — | |
| Q4 2014 | +7.0% | — | — | |
| Q3 2014 | -8.4% | — | — | |
| Q2 2014 | +6.1% | — | — | |
| Q1 2014 | -0.4% | — | — | |
| Q4 2013 | -1.0% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | -4.6% | — | — | |
| Q1 2013 | +3.2% | — | — | |
| Q4 2012 | +1.8% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +2.5% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | +0.1% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q1 2010 | +1.3% | — | — |
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