NASDAQ$WEYS

Weyco Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Weyco Group reported third quarter sales and earnings.

Weyco Group's top-line was challenged by the effects of the COVID-19 pandemic, but they were encouraged by the recent pick-up in orders in their wholesale business. E-commerce websites performed strongly, and measures were taken to right-size the cost structure, which allowed them to return to profitability in their wholesale business in the third quarter.

  • North American wholesale net sales were $44.0 million, down from $67.8 million in the third quarter of 2019.
  • BOGS third quarter net sales rose 6% compared to last year.
  • North American retail net sales were $4.4 million, down from $5.2 million in the third quarter of 2019, partly due to closing three unprofitable retail stores.
  • Other net sales, including Florsheim Australia and Florsheim Europe, were $4.8 million, down from $9.5 million in the third quarter of 2019.

Headline financials

Total Revenue

$53.2M

Previous: $82.5M-35.5%
EPS (adj)

$0.16

Previous: $0.66-75.8%
Wholesale Gross Margin

35.7%

Previous: 35.9%-0.6%
Capital Expenditures

-$3.15M

Previous: -$4.56M+31.0%
Free Cash Flow

-$9.02M

Previous: $2.02M-546.3%
Net Income

-$5.87M

Previous: $6.59M-189.1%
Operating Income

-$3.84M

Previous: $8.49M-145.2%
Gross Profit

$20.3M

Previous: $32.3M-37.0%
Cash & Equivalents

$6.86M

Previous: $9.06M-24.3%
Total Assets

$257M

Previous: $293M-12.4%
Stock-Based Comp

$362K

Previous: $371K-2.4%

Revenue & EPS history

Weyco · Revenue · Quarterly

$53.2M

Q3 2020-35.5%vs Q3 2019
Beat estimate in 2 of 2 quarters(100%)
ActualEstimate

Revenue by segment

Weyco · $53.2M total across 3 segments · Q3 2020

  • North American Wholesale
    $44M-35.1%
  • Florsheim Australia
    $4.8M-49.5%
  • North American Retail
    $4.4M-15.4%

Forward guidance

The company looks forward to building upon the momentum as they move into the final months of the year.

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 Q3 2020

Historical avgQ3 2020

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro