Quarterly ResultAug 4, 2026, 04:14 PM
Weyco Group Q2 Net Sales $62.2M, EPS $1.39; Boosted by Tariff Refunds
AI Summary
Weyco Group, Inc. announced strong financial results for the second quarter ended June 30, 2026, with net sales increasing 7% to $62.2 million and diluted earnings per share soaring to $1.39. The significant improvement in earnings was largely bolstered by the recognition of $15.3 million in tariff refunds. The company's wholesale and retail segments also reported sales growth, and the Board of Directors declared a cash dividend of $0.28 per share.
Key Highlights
- Net sales increased 7% to $62.2 million for the second quarter of 2026.
- Diluted earnings per share rose significantly to $1.39, up from $0.24 in Q2 2025.
- Net earnings reached $13.3 million, compared to $2.3 million in the prior year's second quarter.
- Gross earnings were 70.4% of net sales, including $15.3 million in tariff refunds.
- North American Wholesale segment net sales grew 7% to $48.8 million, led by Florsheim and BOGS brands.
- North American Retail segment net sales increased 4% to $7.0 million, driven by the Florsheim website.
- The company recognized $18.6 million in tariff refunds, with $15.3 million reducing cost of sales.
- A cash dividend of $0.28 per share was declared, payable September 30, 2026.
Price Impact
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