Weyco Group, Inc. (WEYS) Earnings Call Transcripts

Weyco Group, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Weyco Group, Inc. reported net sales of $68 million, flat year-over-year, with net earnings increasing by 10% to $6.1 million. Diluted earnings per share rose to $0.64, up from $0.57 in the prior year. Management highlighted ongoing challenges from tariffs but expressed optimism about future growth, particularly in the Florsheim brand, which saw a 5% increase in sales despite a competitive environment. The company also raised its dividend by 4%, signaling confidence in its financial stability.

Reported metrics

Guidance from management

Management did not provide specific numerical guidance for the remainder of 2026 but indicated ongoing uncertainty regarding tariffs and gross margins, stating, "it's hard to know how the margin picture will play out for the remainder of the year."

What management said

The lower employee cost was a combination. It was really lower employee benefit costs. And it was a combination of a few different categories. For example, last year, we did not give out annual bonuses in the first quarter. And therefore, we had less FICA expense. So it's just something as kind of mundane as that. So there was a combination of a few things. Our health insurance costs were down. The FICA cost was down...

What analysts pressed on

Analysts expressed concerns about the impact of tariffs on future margins and the competitive landscape, particularly regarding private label footwear. There were also questions about the sustainability of the recent earnings growth given the economic pressures consumers are facing.

Main topics on the call

• Flat Revenue Performance — Weyco's net sales remained flat at $68 million compared to the same quarter last year, with the North American wholesale segment experiencing a slight decline of 1%. Management stated, "Given the uncertainty in the econo...
• Earnings Growth — Net earnings increased by 10% to $6.1 million, driven by improved operational efficiencies and lower selling and administrative expenses. The CFO noted, "Earnings from operations were $7.5 million for the quarter, up 7% ...
• Tariff Impact and Refunds — The company faced gross margin compression due to tariffs, having paid approximately $19.8 million in IEPA tariffs. However, management indicated potential refunds following a Supreme Court ruling, stating, "We submitted...
• Dividend Increase — Weyco's Board declared a cash dividend of $0.28 per share, a 4% increase from the previous rate of $0.27. This reflects management's confidence in the company's financial health and future prospects.

Read the full Weyco Group, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Weyco Group, Inc. earnings call transcripts on record, spanning March 11, 2020 to August 5, 2026. Based on this history, Weyco Group, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WEYS

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Distributors

Calls on record

26

First call

March 11, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly