Thank Florsheim are Tom our Jr. our welcome On everyone CEO; call and Florsheim you. and COO. and conference John this today quarter President call. to me with Chairman Good morning our third and
of Before we disclaimer. will read I begin to the discuss a quarter the results brief
current of this the forward-looking call, we concerning projections the make and other may our to company. caution of course may statements you statements or future regarding that and differ that or the predictions actual expectations wish performance results events future materially. such During financial just events are We
XX-K XX-K Securities Exchange our the materially as filed We projections. important to identifies company's differ refer that you with Commission. actual and Form Weyco could The from and recent Group's risks factors to cause results the most
Additionally, some refer measures. to non-GAAP comparisons may
measures about Our SEC filings non-GAAP may we information contain these them. use and additional why
sales, $XX.X to million, of million. up XXXX for were compared year's $XX.X last quarter X% the Net third
were $X.X with up X% for million last Operating earnings year. the $X million quarter, compared
attributable increased for quarter, million from Group to $X.X the to $X.X earnings million. Weyco up X% Net
and share per per were Diluted earnings share share $X.XX this $X.XX last quarter per year.
segment, In quarter were the compared for sales million wholesale North XXXX. in $XX.X with American the net million, $XX.X up X%
this $XXX,XXX $XXX,XXX last and were quarter revenues Licensing year.
from wholesale to sales and $X.X XX.X% from million Wholesale gross higher segment XXXX quarter, $X.X net up and for gross XX.X% in margins. due earnings XX% this of sales million to year. net higher sales increased Operating increased last of earnings the the up
websites. in the X% due segment U.S. company's million sales e-commerce on were U.S. up our increased stores million XXXX, to compared XXXX. sales retail in the our for of include Same-store sales Net the include which e-commerce were those quarter X% which sales $X.X North sales up retail with $X.X of American third and quarter
were $XXX,XXX earnings last $XXX,XXX operating this year. Retail and quarter
operating by This business company's from company's is than more offset operating earnings lower at the the increased. While locations. e-commerce results increase was brick-and-mortar
the which decrease quarter businesses and was Our sales million include compared third as net Florsheim million down the down operations other wholesale Australian primarily Florsheim dollar, The due XXXX. for and due $XX.X sales X% of of to Europe in in in businesses. to lower with Australia its Australia's in the the $X.X weaker had currencies net sales Florsheim quarter X% were wholesale local retail
compared $X,XXX also Australia. Australia due The to and margins, years Collectively gross Europe quarter retail underperforming exit in losses one-time earnings sales included expenses. operating operating overall $XXXXXX in this approximately Both year's Florsheim expenses Florsheim third last of lower lower $X.X sales, of was an to had store higher quarter. to costs million mainly totaling and between decline
footwear which U.S. the Adams to X. would effect effect The XX, footwear additional sourced other it leather primarily Stacy footwear Nunn took August government Florsheim rubber announced XX, which The from is non-leather China. on the and impose tariff brand on impacts our On an primarily brands tariff expected on XXXX. September on XX% Bush BOGS and December impacts tariff on take
with of its tariff the effort many the suppliers. from its the negotiated mitigate In reductions impact many price cost price wholesale of and increases to company an customers increases Chinese overall of
results at the time. is impact results overall of unknown of future minimal on the company's XXXX tariff impact gross While statements the the tariff financial operations, financial ultimate this the margins, company's on third quarter and had a
our At of our million September marketable credit. totaled $XX.X securities and we on line $XX XX, $XX.X cash XXXX, and have million million outstanding
funds of dividends of and stocks. in repurchased $X months During XXXX, first we company pay million million nine to used the $X.X
inventory fund net $X.X a mainly to purchases. resulted our Additionally, in use cash operations million of
is annual the of capital XXXX, the XXXX million. corporate be be capital We estimate $X.X expenditures of The nine will primarily within of During expenditures that project between $X.X million in XXXX. million we our to months office and headquarters. on space to spent expansion due $X.X due completed first February
Directors November November On XXXX, a XXXX, dividend of declared on shareholders to payable XXXX. and per X, X, share cash $X.XX record our Board of all on of XX, January
over I turn like now Jr. to our Chairman, Florsheim would call the to CEO. and Tom
