Weyco Group Q4 EPS $0.90 Down From $1.06 YoY, Sales $80.59M Down From $99.05M YoY
Portfolio Pulse from Happy Mohamed
Weyco Group (NASDAQ:WEYS) reported a decrease in Q4 earnings per share to $0.90 from $1.06 YoY and a sales decline to $80.59M from $99.05M YoY, indicating a 15.09% and 18.63% decrease respectively.
March 05, 2024 | 9:08 pm
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Weyco Group reported a significant decrease in both earnings per share and sales in Q4, compared to the same period last year.
The reported decrease in both earnings per share and sales for Weyco Group is a clear indicator of financial underperformance for the quarter. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term. The significant percentages in decline (15.09% in earnings and 18.63% in sales) highlight the magnitude of the downturn, making it a critical piece of information for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100