Record Net Earnings
Net earnings reached a record $30.3 million or $3.16 per diluted share in 2024, compared to $30.2 million or $3.17 per diluted share in 2023.
Increase in Gross Earnings
Consolidated gross earnings increased to 45.3% of net sales in 2024, up from 44.9% of net sales in the previous year.
North American Retail Segment Growth
Net sales in the North American retail segment were a record $38.7 million in 2024, up 2% over the previous record of $38 million in 2023.
Strong Performance of Florsheim Brand
Florsheim led the company's legacy business growth with a 22% increase in the fourth quarter and a 2% increase for the year.
Improved Wholesale Operating Earnings
Wholesale operating earnings increased 14% to $8.9 million for the quarter from $7.9 million due to higher sales and lower expenses.