WEYS
Weyco Group, Inc.34.09
+0.24+0.71%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Tariff details, refund pursuit clarified
Q&A drilled into tariff pain points, revealing price hikes recovered only a fraction of the $16M paid—wholesale margins slipped 400 bps amid varying rates up to 50% from India and 100% peaks from China—while management pursues a full refund via lawsuit, optimistic despite litigation risks. China sourcing, once 65-70% of COGS, is down thanks to Cambodia and Vietnam ramps. E-commerce sales dipped on routine Q4 reserves and consumers chasing deals elsewhere amid cleaner DTC inventory. Oil prices pose minor component risk but dent discretionary spend. Tariffs still scramble costs. Management stayed vague on exact recovery math. Q&A largely echoed scripted tariff woes. Watch refund odds and sourcing agility.
Key Stats
Market Cap
325.50MP/E (TTM)
13.42Basic EPS (TTM)
2.54Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
Weyco Group's FY2025 net sales fell 5% to $276.2M from $290.3M, with Wholesale down 5% to $216.8M—Florsheim hit record $92M (up 2%) while Nunn Bush, Stacy Adams, and BOGS dropped 10%, 9%, and 11%—yet Q4 saw buybacks accelerate, repurchasing 41K shares at ~$29. Gross margins slipped to 43.2% from 45.3% on $16M tariffs, squeezing operating earnings 20% to $29.2M; net earnings $23.1M or $2.41/diluted share. Cash swelled to $100.9M debt-free, funding $5.3M buybacks and $7.7M dividends. Q4 momentum flickered in BOGS bookings. Tariffs threaten margins.
8-K
Q4 sales down 5%, margins squeezed
Weyco reported Q4 net sales of $76.8M, down 5% from last year, with full-year sales at $276.2M off 5%. Gross margins eroded to 44.1% from 47.9% due to 19-50% incremental tariffs costing $16M, despite price hikes. Florsheim hit record wholesale sales; others sank amid retail caution. Tariffs breed margin uncertainty. Board declared $0.27 quarterly dividend.
8-K
Exec contracts renewed
Weyco Group renewed three-year employment agreements effective January 1, 2026, through December 31, 2028, with Chairman/CEO Thomas W. Florsheim, Jr. at $791,500 base salary and President/COO John W. Florsheim at $756,000. Terms mirror prior deals with minor updates, locking in leadership continuity amid change-in-control triggers for severance up to 299% of base amount. Family duo stays put.
10-Q
Q3 FY2025 results
Weyco's Q3 sales dipped 2% y/y to $73.1M while gross margins shrank to 40.7% from 44.3% on tariff costs, yet operating earnings held at $8.1M (down 21% y/y) with SG&A off 4%. Wholesale drove the pressure—Florsheim up 8%, BOGS down 17%—while retail eased 4%. Cash swelled to $72.9M, no debt on $40M line (mature 2026). Free cash flow not disclosed in the 10-Q. Solid balance sheet. Tariffs threaten margins.
8-K
Q3 sales dip amid tariffs
Weyco Group reported Q3 2025 net sales of $73.1 million, down 2% from $74.3 million last year, as volume drops from a major customer's order cancellations offset price hikes. Gross margins slipped to 40.7% from 44.3%, squeezed by 30% tariffs on Chinese imports, while operating earnings fell 21% to $8.1 million. The board declared a $0.27 regular dividend and a $2.00 special payout, signaling strong liquidity. Tariffs remain fluid, with mitigation underway.
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