Weyco reports third quarter results
US designer and retailer of men's casual, fashion, and dress branded footwear Weyco Group, Inc. has announced its financial results for the quarter ended September 30, 2005.
Net earnings increased 10.3% to $4.82 million, up from $4.37 million during the same quarter in 2004. Net sales for the quarter were $55.2 million compared with $55.8 million in 2004, a decrease of 1%. Net sales in the wholesale division, which include wholesale sales and licensing revenues, were $49.2 million compared with $50.2 million in 2004. Wholesale sales were down 2% from $49.3 million in 2004 to $48.3 million in 2005. Licensing revenues were approximately $900,000 in both 2005 and 2004.