Weyco Q1 net earnings rise 10% as costs fall

WEYCO

05/05/2026 21:59

Overview

U.S. footwear designer's Q1 sales flat yr/yr, net earnings and EPS rose

Operating earnings improved due to lower selling and administrative expenses

Company increased quarterly dividend by 4% to $0.28 per share

Outlook

Company says near-term gross margin outlook remains uncertain due to evolving U.S. trade policies

Company is monitoring tariff developments and may adjust pricing or costs in response

Timing and amount of potential tariff refunds remain uncertain

Result Drivers

BRAND PERFORMANCE MIXED - Florsheim sales rose 5% on dress shoe demand, but declines in Stacy Adams and BOGS offset gains due to lower retailer demand

TARIFFS PRESSURE MARGINS - Incremental tariffs compressed gross margins, partly offset by prior price increases; future margin outlook remains uncertain due to evolving U.S. trade policy

COST CONTROL - Lower selling and administrative expenses, mainly from reduced employee costs, supported improved operating earnings

Company press release: ID:nGNXZxzSX

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$68 mln
Q1 EPS
$0.64
Q1 Net Income
$6.10 mln
Q1 Operating income
$7.50 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)