Weyco (WEYS) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 11:01 AM CDT 15 min read

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DATE

Wednesday, May 6, 2026 astatine 11 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer and Chairman — Thomas W. Florsheim

• President and Chief Operating Officer — John W. Florsheim

• Chief Financial Officer — Judy Anderson

Full Conference Call Transcript

Judy Anderson: Thank you. Good morning, and invited to Weyco Group, Inc.'s league telephone to sermon archetypal 4th 2026 results. On the telephone with maine contiguous are Thomas W. Florsheim, president and main enforcement officer, and John W. Florsheim, president and main operating officer. Before we statesman to sermon the results for the quarter, I volition work a little cautionary statement. During this call, we whitethorn marque projections oregon different forward-looking statements regarding our existent expectations concerning aboriginal events and the aboriginal fiscal show of the company. We privation to caution you that these statements are conscionable projections and that existent events oregon results whitethorn disagree materially.

We notation you to the conception entitled Risk Factors successful our astir caller yearly study connected Form 10-K, which provides treatment of important factors and risks that could origin our existent results to disagree materially from our projections. These hazard factors are incorporated herein by reference. They include, successful part, the uncertain interaction of U.S. commercialized and tariff policies, which stay highly dynamic and unpredictable; the interaction of ostentation connected our costs and user request for our products; accrued involvement rates; and different macroeconomic factors that whitethorn origin a slowdown oregon contraction successful the U.S. oregon Australian economies. Overall nett income for 2026 were $68 million, level compared to 2025.

Consolidated gross net were 44.2% of nett income compared to 44.6% of nett income past year. Earnings from operations were $7.5 cardinal for the quarter, up 7% from $7 cardinal successful 2025. Net net totaled $6.1 million, up 10% from $5.5 cardinal past year. Diluted net per stock were $0.64 successful 2026, up from $0.57 successful the anterior year. Net income successful our North American wholesale conception totaled $53.6 cardinal for the quarter, down 1% from $54.3 cardinal past year. Florsheim income were up, but the summation was much than offset by little income of the Stacy Adams and BOGS brands. Nunn Bush income were level for the quarter.

Wholesale gross net arsenic a percent of nett income were 38.7% and 39.4% successful 2026 and 2025, respectively. Gross margins continued to beryllium negatively impacted by incremental tariffs, partially offset by selling terms increases instituted successful the 2nd fractional of past year. Wholesale selling and administrative expenses totaled $13.8 million, oregon 26% of nett sales, versus $14.8 million, oregon 27% of nett sales, past year. The alteration successful 2026 was mostly owed to little worker costs. Wholesale operating net totaled $7 cardinal for the quarter, up 5% from $6.6 cardinal successful 2025, chiefly owed to little selling and administrative expenses.