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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Weyco Group, Inc.    WEYS

WEYCO GROUP, INC.

(WEYS)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/20 01:43:42 pm
15.87 USD   +4.75%
10/16WEYCO : Third Quarter 2020 Earnings Conference Call
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10/16WEYCO Group, Inc. Third Quarter 2020 Earnings Conference Call
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08/27WEYCO GROUP, INC. : Ex-dividend day for
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WEYCO GROUP INC : Other Events (form 8-K)

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05/21/2020 | 04:37pm EDT

Item 8.01 Other Events

The following information is being filed under Item 8.01 of Form 8-K:

On May 15, 2020, J.C. Penney Company, Inc. and affiliated entities ("JCP") filed for bankruptcy protection under Chapter 11 of U.S. Bankruptcy Code. Weyco Group, Inc. (the "Company") has an outstanding receivable balance with JCP totaling approximately $3.3 million. While the ultimate resolution of the bankruptcy proceedings and collectability of the receivable are not known at this time, it is likely the Company will incur a loss with respect to all or a significant portion of the receivable.




Forward-Looking Statements



This report contains certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Various factors could cause the results of Weyco Group to be materially different from any future results expressed or implied by such forward-looking statements, including, but not limited to, the ultimate outcome of JCP's bankruptcy proceedings. Weyco Group undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.




                               *   *   *   *   *

© Edgar Online, source Glimpses


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All news about WEYCO GROUP, INC.
10/16WEYCO : Third Quarter 2020 Earnings Conference Call
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10/16WEYCO Group, Inc. Third Quarter 2020 Earnings Conference Call
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08/27WEYCO GROUP, INC. : Ex-dividend day for
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Financials (USD)
Sales 2019 304 M - -
Net income 2019 20,9 M - -
Net cash 2019 3,85 M - -
P/E ratio 2019 12,6x
Yield 2019 3,59%
Capitalization 148 M 148 M -
EV / Sales 2018 0,85x
EV / Sales 2019 0,84x
Nbr of Employees 570
Free-Float 59,5%
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Managers
NameTitle
Thomas W. Florsheim Chairman & Chief Executive Officer
John W. Florsheim President, COO, Director & Assistant Secretary
John F. Wittkowske Chief Financial Officer, Secretary & Senior VP
George Sotiros VP-Information Technology & Distribution
Frederick P. Stratton Independent Director
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