trending Market Intelligence /marketintelligence/en/news-insights/trending/eeaO-pyOX_4apwcF2NwXwQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Weyco Group profit misses consensus by 37.4% in Q2

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Weyco Group profit misses consensus by 37.4% in Q2

Weyco Group Inc. said its normalized net income for the second quarter was 10 cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

EPS fell 44.4% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.1 million, a decline of 45.8% from $2.0 million in the prior-year period.

The normalized profit margin dropped to 1.9% from 3.1% in the year-earlier period.

Total revenue decreased 11.1% on an annual basis to $56.9 million from $63.9 million, and total operating expenses fell 8.8% year over year to $55.3 million from $60.6 million.

Reported net income fell 53.9% on an annual basis to $954,000, or 9 cents per share, from $2.1 million, or 19 cents per share.