Increase in Weyco third quarter sales and earnings
Net earnings for Weyco Group, Inc. increased 7% to $5,168,000, up from $4,822,000 during the same quarter in 2005. Net sales for the quarter increased by 2%, reaching $56,085,000 compared with $55,219,000 in 2005, and diluted earnings per share increased 7.5% to $.43 per diluted share, up from $.40 per diluted share in 2005.
Retail sales were up 11% for the quarter to $6,697,000, from $6,036,000 in 2005, with the company now operating four more retail stores in the
Operating earnings were $7,855,000, up 3% from $7,652,000 in 2005, and operating earnings as a percent of net sales approximated the prior year level at 14%.
