NASDAQ$WEYS

Weyco Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Weyco Group reported record sales and net earnings for the fourth quarter of 2021.

Weyco Group announced record fourth-quarter results, with net sales reaching $101.4 million and net earnings of $10.3 million, or $1.07 per diluted share. The company saw growth across all segments, driven by strong demand and recovery from the COVID-19 pandemic.

  • Consolidated net sales for Q4 2021 were a record $101.4 million, up from $62.0 million in Q4 2020.
  • Quarterly net earnings rose to a record $10.3 million, or $1.07 per diluted share, compared to $5.1 million, or $0.52 per diluted share, last year.
  • North American Wholesale segment net sales were $79.9 million, surpassing 2019 levels by 16%.
  • Retail segment posted its highest-ever quarterly sales and operating earnings results, significantly outpacing 2019 levels by 48% and 116%, respectively.

Headline financials

Total Revenue

$101M

Previous: $62M+63.6%
EPS (adj)

$1.07

Previous: $0.52+105.8%
Gross Margin

40.2%

No prior period
Wholesale Gross Margin

33.7%

No prior period
Retail Gross Margin

66.2%

No prior period
Capital Expenditures

$334K

Previous: $217K+53.9%
Free Cash Flow

-$3.63M

Previous: $32.9M-111.0%
Net Income

$10.3M

Previous: $5.1M+102.0%
Operating Income

$12.8M

Previous: $7.9M+62.0%
Gross Profit

$40.7M

Previous: $27.6M+47.8%
Cash & Equivalents

$19.7M

Previous: $32.5M-39.3%
Total Assets

$278M

Previous: $257M+8.2%
Stock-Based Comp

$365K

Previous: $314K+16.2%

Revenue & EPS history

Weyco · Revenue · Quarterly

$101M

Q4 2021+63.6%vs Q4 2020
Beat estimate in 5 of 5 quarters(100%)
ActualEstimate

Revenue by segment

Weyco · $101M total across 3 segments · Q4 2021

  • North American Wholesale
    $79.9M+72.9%
  • North American Retail
    $13.5M+55.2%
  • Florsheim Australia
    $8M+12.7%

Forward guidance

Weyco Group anticipates that supply chain challenges will continue to impact the company at least through the first part of 2022, but looks forward to carrying positive momentum into the next year.

Headwinds

  • Supply chain headwinds are expected to persist at least through the first part of 2022.

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 Q4 2021

Historical avgQ4 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

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%

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