NASDAQ$WEYS
Weyco Group Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Weyco Group's Q4 2023 earnings decreased due to lower sales volume, despite an increase in gross margin. Net sales were down 19%, while net earnings per diluted share decreased to $0.90.
Weyco Group reported a decrease in net sales and operating income for the fourth quarter of 2023, with net sales down 19% and operating income down 24%. However, gross margin improved, particularly in the North American wholesale segment. Net earnings also decreased, from $10.2 million to $8.5 million.
- Consolidated net sales decreased by 19% to $80.6 million compared to Q4 2022.
- Consolidated gross margin increased to 50.3% of net sales, up from 46.6% in Q4 2022.
- Net earnings were $8.5 million, or $0.90 per diluted share, compared to $10.2 million, or $1.06 per diluted share, in the prior year.
- Retail operating earnings reached a record $3.5 million, up 6% over $3.3 million in 2022.
Headline financials
Revenue & EPS history
Weyco · Revenue · Quarterly
$80.6M
Revenue by segment
Weyco · $84.2M total across 3 segments · Q3 2023
- North American Wholesale$69.5M-14.8%82.5%
- North American Retail$7.6M+7.0%9.0%
- Florsheim Australia$7.1M-13.4%8.4%
Forward guidance
The company expects to face headwinds in the first half of 2024 but is optimistic that demand will improve in the back half of the year.
Tailwinds
- Focus on building backlogs
- Optimism that demand will improve in the back half of the year
Headwinds
- Expect to face headwinds in the first half of 2024
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 2023
-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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