Operating earnings were $5.5 million, up 19% from $4.6 million in 2005. Operating earnings as a percent of net sales increased to 12% in 2006 from 10% in 2005.
"While top line growth remains a challenge due to the impact of retail consolidation, our overall business remains solid and we are pleased with our net earnings performance," stated Tom Florsheim, Jr., Chairman and CEO of Weyco Group.
Weyco Group Inc designs and markets moderately priced and better-grade men's branded footwear for casual, fashion, and dress lifestyles. The principal brands of shoes sold by the company are Florsheim, Nunn Bush and Stacy Adams. It also operates a small number of retail stores in the United States and Europe.
marketing@alchempro.com
