Weyco Reports Third Quarter 2026 Sales and Earnings; Declares Special Cash Dividend of $2.00 Per Share
Key Highlights
- ➤Q3 net sales $77.0 million, up 5% year over year
- ➤Q3 diluted EPS $1.19, up from $0.69
- ➤Gross margin 49.7%, boosted by $3.3 million in tariff refunds
- ➤Special cash dividend declared at $2.00 per share
- ➤Florsheim wholesale sales hit a record third quarter, up 9%
Expert Statements
Thomas W. Florsheim, Jr., Chairman and CEO of Weyco Group
“Our third quarter sales were up across North America, led by our Florsheim brand, and supported by solid performances from our Stacy Adams and BOGS brands.”
Thomas W. Florsheim, Jr., Chairman and CEO of Weyco Group
“Florsheim continued its exceptional momentum, delivering another record-breaking quarter at wholesale, surpassing the brand's prior third-quarter sales record set last year.”
Thomas W. Florsheim, Jr., Chairman and CEO of Weyco Group
“Sales growth and improved gross margins drove strong profitability for the quarter, further enhanced by tariff refunds.”
Thomas W. Florsheim, Jr., Chairman and CEO of Weyco Group
“Looking ahead, we remain focused on driving continued sales growth and maximizing profitability across our business lines.”
MILWAUKEE, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended September 30, 2026.
Third Quarter 2026 Overview * Net sales: $77.0 million (up 5% compared to Q3 2025) * Gross earnings: 49.7% of net sales and included $3.3 million in tariff refunds (compared to 40.7% in Q3 2025) * Earnings from operations: $13.7 million (compared to $8.1 million in Q3 2025) * Net earnings: $11.5 million (up from $6.6 million in Q3 2025) * Diluted earnings per share: $1.19 (up from $0.69 in Q3 2025) "Our third quarter sales were up across North America, led by our Florsheim brand, and supported by solid performances from our Stacy Adams and BOGS brands," stated Thomas W. Florsheim, Jr., Chairman and CEO. "Florsheim continued its exceptional momentum, delivering another record-breaking quarter at wholesale, surpassing the brand's prior third-quarter sales record set last year. Sales growth and improved gross margins drove strong profitability for the quarter, further enhanced by tariff refunds. Looking ahead, we remain focused on driving continued sales growth and maximizing profitability across our business lines."
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