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Weyco Stock Rises 12% as Q3 Earnings Climb Year Over Year
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Shares of Weyco Group, Inc. (WEYS - Free Report) have gained 12.4% since the company reported earnings for the quarter ended Sept. 30, 2026, outperforming the S&P 500 index, which has declined 1.9% over the same period. Over the past month, the stock has advanced 15.8% against the S&P 500’s 6.3% decline.
Weyco reported third-quarter 2026 earnings per share of $1.19, which surged 72.5% from 69 cents recorded in the prior-year quarter.
Net sales of $77 million denoted a 5.3% rise from $73.1 million in the year-ago quarter. Net earnings rose 74.8% to $11.5 million from $6.6 million, while operating earnings surged 70.6% to $13.7 million from $8.1 million. Stronger North American wholesale sales, improved gross margins and tariff refunds supported profitability.
Weyco Group, Inc. Price, Consensus and EPS Surprise
North American Wholesale revenues increased 6% to $64 million from $60.2 million. Florsheim and Stacy Adams sales each grew 9%, driven primarily by stronger demand for dress footwear. BOGS sales increased 6%, reflecting higher volumes across major distribution channels, while Nunn Bush sales declined 1%.
Wholesale operating earnings climbed to $13.4 million from $7.5 million. The segment's gross margin expanded to 46% from 35.7%, supported by lower incremental tariffs and tariff refunds.
North American Retail revenues increased 3% to $7.2 million from $7 million, supported by stronger Florsheim e-commerce sales, partially offset by store closures. Retail gross margin improved to 70.7% from 66.4%, while operating earnings increased to $0.7 million from $0.6 million.
Florsheim Australia revenues declined 3% to $5.8 million from $6 million. In local currency, sales fell 10%, primarily reflecting wholesale weakness. Operating losses widened to $0.4 million from $0.1 million.
Weyco’s Margins and Financial Position
Consolidated gross margin expanded to 49.7% from 40.7%, including $3.3 million in previously recognized tariff refunds transferred from inventory to cost of sales.
Wholesale selling and administrative expenses increased to $16 million from $14 million, primarily reflecting higher employee costs.
As of Sept. 30, 2026, Weyco’s cash and cash equivalents totaled $91.2 million, down from $96 million as of Dec. 31, 2025.
Total assets declined marginally to $317.8 million from $319.7 million.
Total equity increased to $263.5 million from $239.6 million. The company had no outstanding borrowings under its $40 million revolving credit facility as of Sept. 30, 2026.
During the first nine months of 2026, operating cash flows totaled $26.6 million, while dividend payments amounted to $29.4 million. Capital expenditures were $1.9 million.
Weyco’s Management Commentary
Chairman and CEO Thomas Florsheim Jr. highlighted continued market-share gains despite challenging retail conditions. He attributed stronger demand to successful product offerings, weakening competition and retailers allocating more merchandise space to dress and casual footwear.
Management emphasized Florsheim's expanding presence in sneakers, casual boots and hybrid footwear. Stacy Adams continues developing fashion-casual offerings, while BOGS is broadening its product portfolio beyond traditional rubber footwear.
Florsheim e-commerce sales increased 17%, supported by brand strength and investments in digital capabilities.
However, management cautioned that supply-chain inflation and limited flexibility to increase wholesale prices could pressure future margins.
Factors Influencing Weyco’s Performance
Lower incremental tariff rates and refunds significantly supported quarterly profitability. However, trade-policy uncertainty remains a potential headwind. Tariffs on imports from China, the Dominican Republic and Vietnam stood at 12.5% during the quarter. Weyco also has $1.2 million in additional tariff refund claims, with $0.8 million remaining under review.
Meanwhile, Australia's challenging retail environment, elevated fuel costs and weaker wholesale demand continued weighing on international operations.
WEYS’ Outlook
Management expects 2026 capital expenditures of approximately $3 million and inventories to reach roughly $70 million by the fourth quarter's end, compared with $60 million in September.
Management anticipates challenging Australian market conditions in the near to medium term and intends to align expenses accordingly.
Other Developments
On Nov. 3, 2026, Weyco declared a special cash dividend of $2 per share alongside its regular quarterly dividend of 28 cents per share. Both are payable Jan. 8, 2027, to shareholders of record on Nov. 17, 2026.
Management attributed the special distribution to excess cash accumulated beyond operating and capital investment requirements, while maintaining financial flexibility for future strategic opportunities.
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Weyco Stock Rises 12% as Q3 Earnings Climb Year Over Year
Shares of Weyco Group, Inc. (WEYS - Free Report) have gained 12.4% since the company reported earnings for the quarter ended Sept. 30, 2026, outperforming the S&P 500 index, which has declined 1.9% over the same period. Over the past month, the stock has advanced 15.8% against the S&P 500’s 6.3% decline.
Weyco reported third-quarter 2026 earnings per share of $1.19, which surged 72.5% from 69 cents recorded in the prior-year quarter.
Net sales of $77 million denoted a 5.3% rise from $73.1 million in the year-ago quarter. Net earnings rose 74.8% to $11.5 million from $6.6 million, while operating earnings surged 70.6% to $13.7 million from $8.1 million. Stronger North American wholesale sales, improved gross margins and tariff refunds supported profitability.
Weyco Group, Inc. Price, Consensus and EPS Surprise
Weyco Group, Inc. price-consensus-eps-surprise-chart | Weyco Group, Inc. Quote
WEYS’ Segmental Performance
North American Wholesale revenues increased 6% to $64 million from $60.2 million. Florsheim and Stacy Adams sales each grew 9%, driven primarily by stronger demand for dress footwear. BOGS sales increased 6%, reflecting higher volumes across major distribution channels, while Nunn Bush sales declined 1%.
Wholesale operating earnings climbed to $13.4 million from $7.5 million. The segment's gross margin expanded to 46% from 35.7%, supported by lower incremental tariffs and tariff refunds.
North American Retail revenues increased 3% to $7.2 million from $7 million, supported by stronger Florsheim e-commerce sales, partially offset by store closures. Retail gross margin improved to 70.7% from 66.4%, while operating earnings increased to $0.7 million from $0.6 million.
Florsheim Australia revenues declined 3% to $5.8 million from $6 million. In local currency, sales fell 10%, primarily reflecting wholesale weakness. Operating losses widened to $0.4 million from $0.1 million.
Weyco’s Margins and Financial Position
Consolidated gross margin expanded to 49.7% from 40.7%, including $3.3 million in previously recognized tariff refunds transferred from inventory to cost of sales.
Wholesale selling and administrative expenses increased to $16 million from $14 million, primarily reflecting higher employee costs.
As of Sept. 30, 2026, Weyco’s cash and cash equivalents totaled $91.2 million, down from $96 million as of Dec. 31, 2025.
Total assets declined marginally to $317.8 million from $319.7 million.
Total equity increased to $263.5 million from $239.6 million. The company had no outstanding borrowings under its $40 million revolving credit facility as of Sept. 30, 2026.
During the first nine months of 2026, operating cash flows totaled $26.6 million, while dividend payments amounted to $29.4 million. Capital expenditures were $1.9 million.
Weyco’s Management Commentary
Chairman and CEO Thomas Florsheim Jr. highlighted continued market-share gains despite challenging retail conditions. He attributed stronger demand to successful product offerings, weakening competition and retailers allocating more merchandise space to dress and casual footwear.
Management emphasized Florsheim's expanding presence in sneakers, casual boots and hybrid footwear. Stacy Adams continues developing fashion-casual offerings, while BOGS is broadening its product portfolio beyond traditional rubber footwear.
Florsheim e-commerce sales increased 17%, supported by brand strength and investments in digital capabilities.
However, management cautioned that supply-chain inflation and limited flexibility to increase wholesale prices could pressure future margins.
Factors Influencing Weyco’s Performance
Lower incremental tariff rates and refunds significantly supported quarterly profitability. However, trade-policy uncertainty remains a potential headwind.
Tariffs on imports from China, the Dominican Republic and Vietnam stood at 12.5% during the quarter. Weyco also has $1.2 million in additional tariff refund claims, with $0.8 million remaining under review.
Meanwhile, Australia's challenging retail environment, elevated fuel costs and weaker wholesale demand continued weighing on international operations.
WEYS’ Outlook
Management expects 2026 capital expenditures of approximately $3 million and inventories to reach roughly $70 million by the fourth quarter's end, compared with $60 million in September.
Management anticipates challenging Australian market conditions in the near to medium term and intends to align expenses accordingly.
Other Developments
On Nov. 3, 2026, Weyco declared a special cash dividend of $2 per share alongside its regular quarterly dividend of 28 cents per share. Both are payable Jan. 8, 2027, to shareholders of record on Nov. 17, 2026.
Management attributed the special distribution to excess cash accumulated beyond operating and capital investment requirements, while maintaining financial flexibility for future strategic opportunities.