Weyco Group, Inc. (WEYS) Declares $0.16 Quarterly Dividend; 2.5% Yield

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Go back to Weyco Group, Inc. (WEYS) Declares $0.16 Quarterly Dividend; 2.5% Yield

Weyco Reports Second Quarter Sales And Earnings

August 2, 2016 4:05 PM EDT

MILWAUKEE, Aug. 2, 2016 /PRNewswire/ -- Weyco Group, Inc. (NASDAQ: WEYS) (the "Company") today announced financial results for the quarter ended June 30, 2016.

Net sales for the second quarter of 2016 were $56.9 million, a decrease of 11% as compared to 2015 net sales of $63.9 million. Earnings from operations were $1.6 million in the second quarter of 2016, compared to $3.3 million in 2015. Net earnings attributable to the Company were $1.0 million in the second quarter of 2016, compared to $2.0 million in last year's second quarter. Diluted earnings per share were $0.09 in the second quarter of 2016 and $0.19 per share in the second... More