Weyco Group Q1 EPS $0.69 Down From $0.78 YoY, Sales $71.56M Down From $86.29M YoY
Portfolio Pulse from Benzinga Newsdesk
Weyco Group (NASDAQ:WEYS) reported a decrease in Q1 earnings to $0.69 per share from $0.78 YoY, with sales dropping to $71.56M from $86.29M YoY, indicating a decline in both earnings and sales.
May 07, 2024 | 8:54 pm
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Weyco Group reported a decrease in Q1 earnings and sales, with earnings per share down to $0.69 from $0.78 YoY and sales falling to $71.56M from $86.29M YoY.
The reported decrease in both earnings per share and sales for Weyco Group is likely to negatively impact investor sentiment and the stock price in the short term. A decline in these key financial metrics often leads to a decrease in stock value as it may signal underlying issues or a less favorable market condition for the company.
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IMPORTANCE 90
RELEVANCE 100