Milwaukee-based Weyco Group Inc. today reported third quarter net earnings of $5.4 million, or 50 cents per share, up from $5.2 million, or 48 cents per share, in the same period a year ago.
The company’s quarterly net sales grew to $83.1 million from $79.5 million a year earlier.
Wholesale net sales of Nunn Bush were up approximately $5.4 million, or 39 percent, for the quarter due to higher sales volumes at department stores and national shoe chains, driven by increased sales of new casual products.
“We are pleased with our solid growth in both sales and operating earnings this quarter,” stated Thomas Florsheim Jr., the company’s chairman and chief executive officer. “In particular, we are pleased with the performance of our Nunn Bush brand. We believe the brand’s new casual products position us well for solid growth as we move into the fourth quarter.”
