Weyco Group, Inc. (WEYS) Q1 2023 Profits Call Records

Weyco Group, Inc. ( NASDAQ: WEYS) Q1 2023 Profits Teleconference May 3, 2023 11:00 AM ET

Business Individuals

Judy Anderson – Chief Financial Officer

Thomas Florsheim – Chairman & & Ceo

Teleconference Individuals

David Wright – Henry Financial Investment Trust


Great day and thank you for waiting. Invite to the Weyco Group First Quarter 2023 Profits Launch Teleconference. [Operator Instructions] Please be encouraged that today’s conference is being taped.

I would now like to hand the conference over to your speaker today, Chief Financial Officer, Judy Anderson. Please proceed.

Judy Anderson

Thank you. Great early morning, everybody and welcome to Weyco Group’s teleconference to go over very first quarter 2023 outcomes. On this call with me today are Tom Florsheim, Jr., Chairman and CEO; and John Florsheim, President and COO.

Prior to we start to go over the outcomes for the quarter, I will check out a short cautionary declaration. Throughout this call, we might make forecasts or other positive declarations concerning our existing expectations worrying future occasions and the future monetary efficiency of the business. We want to warn you that these declarations are simply forecasts which real occasions or outcomes might vary materially. We refer you to the area entitled Danger Consider our newest yearly report on Kind 10-K and to our other filings with the Securities and Exchange Commission for a conversation of essential aspects and dangers that might trigger our outcomes to vary materially from our forecasts, consisting of the unsure effect of inflation on our expense and customer need for our items, increased rate of interest and other macroeconomic aspects that might trigger a downturn or contraction in the U.S. or Australian economies.

In general, net sales for the very first quarter were a very first quarter record of $86.3 million, up 6% compared to our previous record of $81.4 million in 2022. Consolidated

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