WEYS News & Events

Reports Q4 revenue $76.8M vs $80.5M last year. "Florsheim was a bright spot in an otherwise challenging year, delivering its strongest annual wholesale sales performance to date, driven by continued momentum in the dress-shoe category," stated Thomas W. Florsheim, Jr., Chairman and CEO. "In contrast, our other brands faced headwinds stemming from soft consumer demand and retailers' cautious approach to inventory investment amid an unstable retail environment impacted by tariffs. Lower sales combined with incremental tariff costs pressured our margins for the period. Despite these challenges, we are pleased to have maintained profitability through planned price increases and cost-management actions taken throughout the year. Entering 2026, we are prioritizing financial oversight and operational discipline to reposition our brands and business lines for renewed growth while protecting long-term profitability."

Weyco Group announced that its board of directors declared a special cash dividend of $2.00 per share. The company's total cash outlay for this special dividend will be approximately $19M. The dividend will be paid on January 9, 2026, to shareholders of record at the close of business on November 17.

Reports Q1 revenue $68.03M vs. $71.6M last year. "We started the year facing significant geopolitical and macroeconomic uncertainties, including the evolving tariff and trade policies of the U.S. government, recession concerns, and market turmoil," stated Thomas Florsheim, Chairman and CEO. "To date, our efforts to minimize the impact of the incremental tariffs have been fruitful, as we brought in a large amount of inventory ahead of the tariff effective dates. This allows us time, during this tumultuous period, to temporarily halt our China imports as we evaluate plans to mitigate the anticipated future impact of the tariff-cost increases. Despite the uncertainties we face, we are confident in our ability to manage tariff-related cost challenges. Our history of strong operational execution, particularly in the management of our supply chain and price-setting strategy, underscores our proven ability to withstand a turbulent environment."

Reports Q4 revenue $80.47M vs. $80.59M last year. "The benefits of a diversified, multi-brand portfolio were evident in the fourth quarter, as double-digit sales growth in our Florsheim business offset declines of our other brands, enabling us to uphold profitability for the period. All brands' fourth-quarter performance improved relative to earlier quarters this year," stated Thomas W. Florsheim, Jr., Chairman and CEO. "Looking forward to 2025, after three consecutive years of record-breaking net earnings and armed with a strong balance sheet, we believe we are in the best possible position to face current macroeconomic and geopolitical uncertainty. Our strategy is to continue to focus on the long-term health and growth of our business."