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Article: Weyco Reports Third Quarter Sales and Earnings.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILWAUKEE, Nov. 3 /PRNewswire-FirstCall/ -- Weyco Group, Inc. today announced financial results for the quarter ended September 30, 2009.
Net sales for the third quarter were $57.9 million, an increase of 1% from 2008 sales of $57.2 million. Net earnings for the quarter were $3.4 million, down from $4.3 million in 2008. Diluted earnings per share were $.29 per share in 2009 as compared with $.37 per share in the third quarter of 2008.
On January 23, 2009, the Company acquired a majority interest in a new subsidiary that subsequently purchased the Florsheim wholesale and retail businesses in Australia, Asia Pacific and South Africa (collectively ...
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