Weyco Shares Increase 13% Despite Year-over-Year Decline in Q3 Earnings Due to Tariffs
Earnings Performance: Weyco Group, Inc. reported a decline in earnings per share to 69 cents for Q3 2025, down from 84 cents in Q3 2024, with net sales of $73.1 million reflecting a 2% decrease year-over-year, primarily due to tariffs and lower sales volume.
Segment Analysis: The North American wholesale segment saw a 2% drop in sales to $60.2 million, impacted by a key customer issue, while the retail segment's sales fell 4% to $7 million due to weaker demand on e-commerce platforms.
Tariff Impact and Strategy: CEO Thomas Florsheim Jr. highlighted the adverse effects of tariffs, particularly a 30% tariff on Chinese imports, and outlined long-term strategies to diversify manufacturing and mitigate tariff exposure.
Dividend Declaration and Financial Position: The Board declared a special cash dividend of $2.00 per share, alongside a regular dividend, reflecting Weyco's strong liquidity with $78.5 million in cash and no debt, while also announcing the winding down of the Forsake brand to optimize its portfolio.
Get Free Real-Time Notifications for Any Stock
Analyst Views on WEYS
About WEYS
About the author
WEYCO Group to Announce Q4 and Full Year 2025 Financial Results on March 3, 2026
- Earnings Announcement: WEYCO Group plans to release its fourth quarter and full year 2025 financial results after market close on March 3, 2026, which is expected to provide investors with critical financial data and future outlook.
- Conference Call Details: CEO Thomas W. Florsheim, Jr. will host a conference call on March 4, 2026, at 11:00 a.m. Eastern Time to discuss the financial results in detail, enhancing transparency and engaging with investors.
- Pre-registration Requirement: Participants must pre-register online to join the call, with a simple process that ensures attendees receive the necessary call-in number and passcode, thereby increasing participation rates.
- Replay Availability: A replay of the call will be available approximately two hours after its conclusion and will last for one year, allowing investors who cannot attend live to access important information, thus enhancing communication channels between the company and its investors.
Xpeng, Dell, and Other Major Stocks Decline in Pre-Market Trading on Monday
U.S. Stock Futures: U.S. stock futures showed mixed results, with Dow futures down approximately 0.1% on Monday morning.
Xpeng Inc Financial Results: Xpeng Inc reported a quarterly revenue of 20.38 billion Chinese yuan ($2.86 billion), a 101.8% increase year-over-year, but fell short of the $2.87 billion forecast, leading to a 3.6% drop in pre-market trading.
Other Stocks Declining: Several stocks experienced declines in pre-market trading, including Plug Power Inc (-6.1%), Lexicon Pharmaceuticals Inc (-6%), and Dell Technologies Inc (-4.7%) after a downgrade by Morgan Stanley.
Market Overview: The overall market sentiment appears cautious, with various companies reporting losses and analysts adjusting their ratings, indicating potential challenges ahead.
