What were the key takeaways from Weyco Group's earnings call?

What is Weyco Group's gross profit margin?

What does Weyco Group do and what are its main business segments?

What is Weyco Group's latest dividend and current dividend yield?

What is the market's earnings forecast for Weyco Group next quarter?

Did Weyco Group beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Weyco Group year over year?

What factors drove the changes in Weyco Group's revenue and profit?

- **Revenue Decline**: Q3 2025 net sales $73.1M (-2% YoY), driven by 7% volume drop in wholesale segment. 
- **Margin Erosion**: Gross margin 40.7% (-3.6ppts YoY) due to 30% China tariffs. Price increases only partially offset costs. 
- **Brand Performance**: Florsheim +8% YoY; BOGS -17% YoY. Forsake brand exited. 
- **Dividend Announcement**: Special $2/share dividend plus regular $0.27 quarterly dividend. 
- **Tariff Strategy**: Shifting production to India, cautious pricing to maintain market share amid policy uncertainty.

**【CFO Financial Overview】**
- **Overall Performance**: Q3 2025 net sales $73.1M (-2% YoY), gross earnings 40.7% of net sales (-3.6ppts YoY). Net earnings $6.6M (-18% YoY), EPS $0.69 (-18% YoY). 
- **North American Wholesale**: Sales $60.2M (-2% YoY), volumes down 7% due to a large customer cancellation. Gross margin 35.7% (-4.4ppts YoY) due to tariffs. Operating earnings $7.5M (-20% YoY). 
- **North American Retail**: Sales $7M (-4% YoY), operating earnings $0.6M (-25% YoY). 
- **Florsheim Australia**: Sales $6M (flat YoY), gross margin 61% (+1.8ppts YoY). Operating loss $0.1M. 
- **Liquidity**: $78.5M cash, no debt. 2025 capex $1-3M. Special dividend $2/share declared.

**【CEO Brand & Segment Performance】**
- **Strong Brands**: Florsheim sales +8% YoY, Nunn Bush +1% YoY. Florsheim benefits from dress casual footwear trend. 
- **Challenges**: BOGS sales -17% YoY due to category saturation. Stacy Adams -5% YoY. Forsake brand operations wound down. 
- **Tariff Impact**: 30% China tariffs, 10-50% other regions. Price increases offset partial costs but margins eroded. 
- **Inventory Management**: $67.2M inventory as of Q3, well-positioned for Q4. 

**【Q&A Highlights】**
- **Tariff Impact**: 100% of margin erosion attributed to tariffs. Deliberate underpricing to maintain market share amid uncertain policy. 
- **Customer Segmentation**: Florsheim appeals to higher income consumers; Stacy Adams/Nunn Bush to value-conscious buyers. Retail sales decline driven by price sensitivity. 
- **Strategic Shifts**: Moving production to India to mitigate tariffs. Focused on Florsheim Australia growth. 
- **Dividend Policy**: Special dividend reflects excess cash; committed to returning capital to shareholders.

Weyco Group, Inc. (WEYS) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

WEYS

WEYS fundamentals

You can ask Aime