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Weyco Q1 2025 Earnings Report
Weyco Group, Inc. reported its first quarter 2025 financial results, showing a decrease in net sales and earnings compared to the previous year.
Key Takeaways
Weyco Group, Inc. announced its first quarter 2025 financial results, with net sales decreasing by 5% to $68.0 million and net earnings falling by 17% to $5.5 million compared to Q1 2024. Diluted earnings per share were $0.57, down from $0.69 in the prior year.
Net sales for Q1 2025 were $68.0 million, a 5% decrease from $71.6 million in Q1 2024.
Net earnings for the quarter were $5.5 million, down 17% from $6.7 million in Q1 2024.
Diluted earnings per share decreased to $0.57 from $0.69 in the first quarter of the previous year.
Gross earnings as a percentage of net sales remained stable at 44.6% in Q1 2025, compared to 44.7% in Q1 2024.
Weyco
Weyco
Weyco Revenue by Segment
Weyco Revenue by Geographic Location
Revenue by Segment
North American Wholesale Revenue
CapyFin.comNorth American Retail Revenue
CapyFin.comFlorsheim Australia Revenue
CapyFin.comRevenue by Geographic Location
Australia Revenue
CapyFin.comSouth Africa Revenue
CapyFin.com Forward Guidance
Weyco Group is navigating significant geopolitical and macroeconomic uncertainties, including evolving tariff and trade policies, recession concerns, and market turmoil. The company is confident in its ability to manage tariff-related cost challenges through strong operational execution, supply chain management, and price-setting strategies.
Positive Outlook
- Efforts to minimize the impact of incremental tariffs have been fruitful by bringing in a large amount of inventory ahead of effective dates.
- This allows time to temporarily halt China imports while evaluating future plans.
- Confidence in managing tariff-related cost challenges due to strong operational execution.
- Proven ability to withstand a turbulent environment through supply chain and price-setting strategy.
- Negotiated cost reductions with Chinese suppliers to mitigate tariff impact.
Challenges Ahead
- Significant geopolitical and macroeconomic uncertainties.
- Evolving tariff and trade policies of the U.S. government.
- Recession concerns and market turmoil.
- Incremental tariffs will significantly increase cost of goods sold in future periods unless withdrawn.
- Need to raise selling prices beginning in Summer 2025 to offset tariff-cost increases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income