Weyco Group, Inc. (WEYS) Reports Q3 EPS of $1.12

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Go back to Weyco Group, Inc. (WEYS) Reports Q3 EPS of $1.12

Weyco Reports Third Quarter Sales and Earnings

November 1, 2022 4:05 PM EDT

MILWAUKEE, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (we, our, us and the Company) today announced financial results for the quarter ended September 30, 2022.

Third Quarter 2022

Consolidated net sales were a third-quarter record of $97.0 million, up 57% compared to $61.8 million in the third quarter of 2021. Consolidated gross earnings increased to 40.6% of net sales compared to 40.0% of net sales in last years third quarter, due mainly to higher gross margins in our North American wholesale segment. Quarterly operating earnings were a record $14.2 million, more than double... More