Earnings Call Summary | Weyco(WEYS.US) Q2 2024 Earnings Conference
Earnings Call Summary | Weyco(WEYS.US) Q2 2024 Earnings Conference
The following is a summary of the WEYCO Group, Inc. (WEYS) Q2 2024 Earnings Call Transcript:
以下是韋科集團WEYS 2024年Q2業績會簡報:
Financial Performance:
金融業績：
Overall net sales for Q2 2024 were $63.9 million, down 5% from $67 million in Q2 2023.
The net earnings set a record for the second quarter at $5.6 million or $0.59 per diluted share, showing a 15% increase over the previous year.
Consolidated gross earnings increased to 43.9% of net sales compared to 43.3% previously, primarily due to higher gross margins in the North American wholesale segment.
2024年Q2總淨銷售額爲6390萬美元，比2023年Q2的6700萬美元下降了5%。
淨收益和每股攤薄的收益率分別爲560萬美元和0.59美元，較上一年增長15%，創下二季度紀錄。
綜合毛利佔淨銷售額的比重提高到43.9%，比以前的43.3%高，主要是由於北美批發板塊毛利率提高。
Business Progress:
業務進展：
Despite a decline in net sales, there was an 8% improvement in wholesale operating earnings from $5.4 million in 2023 to $5.8 million in 2024, driven by improved gross margins.
The company closed its operations in the Asia-Pacific region in 2023, now focusing on businesses in Australia and South Africa.
Weyco remains committed to enhancing its product offerings, particularly by incorporating more hybrid and athleisure styles to adapt to the casual lifestyle trend.
儘管淨銷售額下降，但批發營業收益率從2023年的540萬美元增至2024年的580萬美元，增長了8%，主要是由於毛利率提高。
該公司在2023年關閉了亞太地區的業務，現重點關注澳大利亞和南非的業務。
韋科仍致力於提升產品種類，尤其是加入更多的混合和休閒風格以適應休閒生活方式的趨勢。
Opportunities:
機會：
The company highlighted the importance of 'at-once' business from retailers, which are immediate orders filling inventory needs without prior commitment, indicative of a marketplace trend.
Weyco is focusing on the farm and agricultural channel with BOGS to enhance year-round business, reducing dependency on seasonal weather patterns by introducing lighter insulated boots.
公司強調了來自零售商的“當下”業務的重要性，這些業務是填補庫存需要的即時訂單，代表了市場的趨勢。
韋科正在着眼於農業渠道，在BOGS的幫助下增強全年的業務，通過推出更輕的絕緣靴子減少對季節天氣的依賴。
Risks:
風險：
Retail operations are challenged by increased web advertising and freight costs affecting profit margins in the retail segment.
The company acknowledged the potential ongoing challenge of mild winters affecting the demand for BOGS outdoor weather boots.
由於網絡廣告和運費成本影響了零售業績，零售業務面臨挑戰。
公司承認了溫和冬季影響BOGS戶外天氣靴的需求的潛在持續挑戰。
More details: Weyco IR
更多詳情：韋科IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。