Weyco Group Q2 EPS $0.59 Up From $0.50 YoY, Sales $63.93M Down From $67.01M YoY
Portfolio Pulse from totan@benzinga.com
Weyco Group (NASDAQ:WEYS) reported Q2 earnings per share (EPS) of $0.59, an 18% increase from $0.50 YoY. However, sales decreased by 4.60% to $63.93 million from $67.01 million YoY.
August 06, 2024 | 8:58 pm
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Weyco Group reported Q2 EPS of $0.59, an 18% increase YoY, but sales decreased by 4.60% to $63.93 million. The mixed results may lead to short-term volatility in the stock price.
The increase in EPS is a positive sign, indicating improved profitability. However, the decline in sales could be a concern for investors, leading to mixed sentiment and potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100