- Weyco Group (WEYS -0.9%) Q4 sales decreased 2% Y/Y to $80.3M. Segment sales Y/Y growth: North American wholesale -0.5% to $61.4M, North America retail -7% to $6.9M and others -8% to $12M.
- Gross margin improved by 168 bps to 42.24%.
- SG&A expenses rate declined 40 bps to 29.46%.
- Q4 operating margin rate was flat at 13%. North America wholesale segment operating margin rate improved 397 bps to 13.52%, North America retail margin rate declined 163 bps to 15.94% and others declined 401 bps to 6.67%.
- Inventories -13.8% Y/Y to $60.27M.
- Previously: Weyco reports Q4 results (March 6)
- Previously: Weyco declares $0.22 dividend (March 7)