Weyco Group Inc. Reports Increased Revenue for FY 2024
Ticker: WEYS · Form: 10-K · Filed: 2025-03-14T00:00:00.000Z
Sentiment: neutral
Topics: annual-report, financials, revenue
TL;DR
Weyco Group revenue up to $964.3M in 2024. Good quarter.
AI Summary
Weyco Group Inc. reported revenues of $964.26 million for the fiscal year ending December 31, 2024, an increase from $949.67 million in the prior year. The company, formerly known as Weyenberg Shoe Manufacturing Co., is based in Glendale, Wisconsin. This 10-K filing details their financial performance and business operations for the period.
Why It Matters
This filing provides investors with a comprehensive overview of Weyco Group's financial health and operational performance, crucial for making informed investment decisions.
Risk Assessment
Risk Level: low — The filing is a standard annual report with no immediate red flags or significant negative trends indicated.
Key Numbers
- $964.26M — Revenues (Fiscal Year 2024)
- $949.67M — Revenues (Fiscal Year 2023)
Key Players & Entities
- WEYCO GROUP INC (company) — Filer
- WEYENBERG SHOE MANUFACTURING CO (company) — Former company name
- 333 W ESTABROOK BOULEVARD (location) — Business and Mail Address
- GLENDALE (location) — City
- WI (location) — State
- 43312 (location) — Zip Code
- 4149081600 (phone_number) — Business Phone
FAQ
What were Weyco Group Inc.'s total revenues for the fiscal year ending December 31, 2024?
Weyco Group Inc.'s total revenues for the fiscal year ending December 31, 2024, were $964,263,000.
What were the total revenues for the prior fiscal year?
The total revenues for the fiscal year ending December 31, 2023, were $949,672,900.
When was Weyco Group Inc. formerly known as Weyenberg Shoe Manufacturing Co.?
The company's name was changed from Weyenberg Shoe Manufacturing Co. on May 14, 1990.
What is the primary business address for Weyco Group Inc.?
The primary business address for Weyco Group Inc. is 333 W Estabrook Boulevard, Glendale, WI 43312.
What is the SIC code for Weyco Group Inc.?
The Standard Industrial Classification (SIC) code for Weyco Group Inc. is 5130, which corresponds to Wholesale-Apparel, Piece Goods & Notions.
From the Filing
0001558370-25-002984.txt : 20250314 0001558370-25-002984.hdr.sgml : 20250314 20250314124023 ACCESSION NUMBER: 0001558370-25-002984 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 118 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250314 DATE AS OF CHANGE: 20250314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYCO GROUP INC CENTRAL INDEX KEY: 0000106532 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-APPAREL, PIECE GOODS & NOTIONS [5130] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 390702200 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09068 FILM NUMBER: 25738940 BUSINESS ADDRESS: STREET 1: 333 W ESTABROOK BOULEVARD CITY: GLENDALE STATE: WI ZIP: 43312 BUSINESS PHONE: 4149081600 MAIL ADDRESS: STREET 1: 333 W ESTABROOK BOULEVARD CITY: GLENDALE STATE: WI ZIP: 43312 FORMER COMPANY: FORMER CONFORMED NAME: WEYENBERG SHOE MANUFACTURING CO DATE OF NAME CHANGE: 19900514 10-K 1 weys-20241231x10k.htm 10-K WEYCO GROUP INC_December 31, 2024 http://fasb.org/us-gaap/2024#Revenues 0000106532 --12-31 2024 FY WEYCO GROUP INC 9642630 9496729 http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2024#Revenues false 0000106532 srt:AsiaMember 2024-01-01 2024-12-31 0000106532 country:ZA 2024-01-01 2024-12-31 0000106532 country:US 2024-01-01 2024-12-31 0000106532 country:CA 2024-01-01 2024-12-31 0000106532 country:AU 2024-01-01 2024-12-31 0000106532 srt:AsiaMember 2023-01-01 2023-12-31 0000106532 country:ZA 2023-01-01 2023-12-31 0000106532 country:US 2023-01-01 2023-12-31 0000106532 country:CA 2023-01-01 2023-12-31 0000106532 country:AU 2023-01-01 2023-12-31 0000106532 us-gaap:RevenueFromContractWithCustomerMember us-gaap:CustomerConcentrationRiskMember 2024-12-31 0000106532 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2024-12-31 0000106532 us-gaap:RevenueFromContractWithCustomerMember us-gaap:CustomerConcentrationRiskMember 2023-12-31 0000106532 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2023-12-31 0000106532 us-gaap:SalesReturnsAndAllowancesMember 2024-01-01 2024-12-31 0000106532 us-gaap:AllowanceForCreditLossMember 2024-01-01 2024-12-31 0000106532 us-gaap:SalesReturnsAndAllowancesMember 2023-01-01 2023-12-31 0000106532 us-gaap:AllowanceForCreditLossMember 2023-01-01 2023-12-31 0000106532 us-gaap:SalesReturnsAndAllowancesMember 2024-12-31 0000106532 us-gaap:AllowanceForCreditLossMember 2024-12-31 0000106532 us-gaap:SalesReturnsAndAllowancesMember 2023-12-31 0000106532 us-gaap:AllowanceForCreditLossMember 2023-12-31 0000106532 us-gaap:SalesReturnsAndAllowancesMember 2022-12-31 0000106532 us-gaap:AllowanceForCreditLossMember 2022-12-31 0000106532 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0000106532 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000106532 weys:ReinvestedEarningsMember 2024-12-31 0000106532 weys:CapitalInExcessOfParValueMember 2024-12-31 0000106532 us-gaap:CommonStockMember 2024-12-31 0000106532 us-gaap:AccumulatedTranslationAdjustmentMember 2024-12-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000106532 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-12-31 0000106532 weys:ReinvestedEarningsMember 2023-12-31 0000106532 weys:CapitalInExcessOfParValueMember 2023-12-31 0000106532 us-gaap:CommonStockMember 2023-12-31 0000106532 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000106532 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0000106532 weys:ReinvestedEarningsMember 2022-12-31 0000106532 weys:CapitalInExcessOfParValueMember 2022-12-31 0000106532 us-gaap:CommonStockMember 2022-12-31 0000106532 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000106532 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12