WEYCO Group Inc
NASDAQ:WEYS
WEYCO Group Inc
Weyco Group, Inc. engages in the design, production and trade of footwear for men, women and children. The company is headquartered in Milwaukee, Wisconsin and currently employs 439 full-time employees. The firm designs and markets footwear principally for men, women and children, under a portfolio of brand names, including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters and Forsake. The Company’s products consist primarily of mid-priced leather dress shoes and casual footwear composed of man-made materials or leather, as well as outdoor boots, shoes and sandals. The Company’s footwear is available in a range of sizes and widths, primarily purchased to meet the needs and desires of the general American population. The firm operates through two segments: North American wholesale (Wholesale) and the North American retail (Retail). Wholesale segment markets its shoes across the United States and Canada in approximately 10,000 shoe, clothing and department stores. Retail segment consists of e-commerce businesses and four brick and mortar stores in the United States.
Weyco Group, Inc. engages in the design, production and trade of footwear for men, women and children. The company is headquartered in Milwaukee, Wisconsin and currently employs 439 full-time employees. The firm designs and markets footwear principally for men, women and children, under a portfolio of brand names, including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters and Forsake. The Company’s products consist primarily of mid-priced leather dress shoes and casual footwear composed of man-made materials or leather, as well as outdoor boots, shoes and sandals. The Company’s footwear is available in a range of sizes and widths, primarily purchased to meet the needs and desires of the general American population. The firm operates through two segments: North American wholesale (Wholesale) and the North American retail (Retail). Wholesale segment markets its shoes across the United States and Canada in approximately 10,000 shoe, clothing and department stores. Retail segment consists of e-commerce businesses and four brick and mortar stores in the United States.
Sales: Consolidated net sales were $76.8 million in Q4, down 5% year-over-year and $276 million for FY2025, down 5% from 2024.
Margins & earnings: Gross margin compressed (44.1% in Q4; 43.2% for the year) and diluted EPS fell to $0.91 in Q4 and $2.41 for FY2025.
Tariff impact: Company paid approximately $16 million of incremental tariffs in 2025, which management says materially compressed margins; Weyco has filed suit seeking a refund and is monitoring evolving trade policy.
Brand performance: Florsheim hit a record $92 million in wholesale sales for the year; Nunn Bush, Stacy Adams and BOGS declined year-over-year.
Inventory & retail trends: Inventory improved to $65.9 million at year-end from $74.0 million; e-commerce saw higher sales reserves and weaker conversion as consumers hunted discounts.
Cash & capital allocation: Cash and marketable securities were $101 million at year-end; generated $37.3 million of operating cash, repurchased $5.3 million of stock, paid dividends (including $21.4 million special/Q4 paid in Jan 2026) and declared a $0.27/share Q1 dividend.
Outlook items: Management expects continued tariff and cost uncertainty in 2026, plans modest 2026 capex ($1.0–$3.0 million) and will continue sourcing diversification.
