Weyco Group ( (WEYS) ) has released its Q3 earnings. Here is a breakdown of the information Weyco Group presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Weyco Group, Inc. is a company that designs and markets footwear primarily for men, with a diverse portfolio of well-known brands such as Florsheim, Nunn Bush, Stacy Adams, and BOGS, operating in the retail and wholesale sectors globally.
In its third-quarter earnings report for 2025, Weyco Group reported a slight decline in net sales and earnings compared to the previous year, alongside a special cash dividend declaration of $2.00 per share. The company faced challenges such as reduced sales volumes and margin compression due to incremental tariffs on goods sourced from China.
Key financial metrics for the quarter included net sales of $73.1 million, a 2% decrease from the same period in 2024, and net earnings of $6.6 million, down 18% year-over-year. The wholesale segment experienced a 2% decline in net sales, with varying performance across its brands, while the retail segment saw a 4% drop in sales. The company also announced the winding down of the Forsake brand due to its lack of growth and profitability.
Looking ahead, Weyco Group’s management remains focused on mitigating the impact of tariffs and optimizing operational efficiencies to enhance resilience and profitability. The company anticipates that its strong balance sheet will support organic growth and strategic opportunities in the future.