WEYCO GROUP INC
No enriched coverage for $WEYS in the last 7 days.
No SEC Form 4 filings for $WEYS in the last 30 days.
Weyco Group, a Glendale-based shoe manufacturer currently suing the Trump administration over its tariff policies, reported paying $16 million in tariffs in 2025. This cost impacted their profitability, with the company reporting $23.1 million in 2025 earnings, a 24% decrease from the previous year's $30.3 million.
Weyco Group (WEYS) reported a decline in net sales and earnings year-over-year. This downturn was attributed to lower demand and significant tariff impacts, which compressed gross margins. While most major brands saw sales drops, Florsheim was an exception, showing resilience.
WEYS' Q3 earnings slip 18% year over year amid tariff pressures and softer consumer demand. Management is shifting sourcing strategies and declared a special $2 dividend alongside its regular payout.
