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Weyco Q2 net sales up 11%
27 Jul '07
3 min read
Second quarter sales of Stacy Adams were hurt because of an early Easter and the continued challenges faced by the independent shoe and clothing retailers.
Retail sales for the second quarter were $7.7 million, up 14% from $6.7 million in 2006. Same store sales were up 9%, with the remaining increase due to three additional stores. Same store sales for the six months ended June 30, 2007 were up 4.5%.
Operating earnings for the second quarter were $5.9 million, up from $5.5 million in 2006. Operating earnings as a percent of net sales remained flat at 12.2%.
"We are very pleased with our overall second quarter results," stated Tom Florsheim, Jr, Chairman and CEO of Weyco Group. "Our Florsheim and Nunn Bush brands both had very good results and we had a very strong performance in our retail division."
Weyco Group will host a conference call on Friday, July 27, 2007, at 11:00 a.m. Eastern Time to discuss the second quarter financial results in more detail.
Retail sales for the second quarter were $7.7 million, up 14% from $6.7 million in 2006. Same store sales were up 9%, with the remaining increase due to three additional stores. Same store sales for the six months ended June 30, 2007 were up 4.5%.
Operating earnings for the second quarter were $5.9 million, up from $5.5 million in 2006. Operating earnings as a percent of net sales remained flat at 12.2%.
"We are very pleased with our overall second quarter results," stated Tom Florsheim, Jr, Chairman and CEO of Weyco Group. "Our Florsheim and Nunn Bush brands both had very good results and we had a very strong performance in our retail division."
Weyco Group will host a conference call on Friday, July 27, 2007, at 11:00 a.m. Eastern Time to discuss the second quarter financial results in more detail.
Weyco Group Inc
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