Summary
Weyco Group Inc., the Glendale-based men's shoe manufacturer, reported record sales and earnings for the first quarter Wednesday, despite the loss of a big customer when the May Department Stores Co. was acquired by Federated Department Stores Inc.
Weyco reported net income of $5.7 million, up 7.3% from $5.3 million in the first quarter of 2006. Sales increased 7.7%, to $63.9 million, up from $59.3 million. Earnings per share were 47 cents, up from 44 cents last year.See the full content of this document
Extract
Weyco Group Posts Record-Setting Quarter
The loss of sales to the former May Co. stores cost Weyco $9 million at the start of 2006...
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