Weyco Group (WEYS) Q4 2025 earnings summary

Executive summary

• Net sales for 2025 were $276.2 million, down 5% year-over-year; Q4 net sales were $76.8 million, also down 5%.

• Operating earnings for 2025 were $29.2 million, down 20%; Q4 operating earnings were $10.2 million, down 12%.

• Net earnings for 2025 were $23.1 million, down 24%; Q4 net earnings were $8.7 million, down 13%.

• Diluted EPS for 2025 was $2.41, down from $3.16 in 2024; Q4 diluted EPS was $0.91, down from $1.04.

• Florsheim brand achieved record annual wholesale sales, while other brands faced demand headwinds and tariff impacts.

Financial highlights

• Gross margin for 2025 was 43.2%, down from 45.3%; Q4 gross margin was 44.1%, down from 47.9%.

• Wholesale segment Q4 net sales were $56.7 million, down 6%; retail segment Q4 net sales were $13.3 million, down 5%.

• Cash and marketable securities at year-end were $101 million; cash and cash equivalents rose to $96 million at year-end.

• Cash dividends declared per share were $3.07 for 2025, up from $3.03 in 2024.

• Effective tax rate was 28% in 2025, up from 23.9% in 2024.

Outlook and guidance

• 2026 capital expenditures are estimated at $1–3 million.

• Management is prioritizing financial oversight and operational discipline for 2026 to reposition brands for growth and protect long-term profitability.

• Management anticipates continued gross margin uncertainty in 2026 due to evolving tariff policies.

• Focus remains on disciplined inventory management and driving full-price sales through improved brand storytelling.