New York, May 28, 2026, 12:02 (EDT)
- Weyco traded at $36.36 in late-morning Nasdaq action, picking up 31 cents. Market cap was about $346 million.
- Profit climbed 10% in the first quarter, with sales flat. Lower selling and administrative costs helped boost the bottom line.
- The company is after $18.6 million in possible tariff refunds. It’s not clear when, or if, it will get the money. Weycogroup
Weyco Group shares traded higher late Thursday morning. The small-cap footwear maker drew attention as investors looked at stronger profit, a higher dividend, and a pending tariff refund claim.
The stock last changed hands at $36.36, up 31 cents. It moved in a range between $35.735 and $36.62. Volume was 3,059 shares. That’s a light tape, so even modest trades made a difference in the price.
Weyco is focused on cost recovery, not sales growth, in the near term. The company filed claims for $18.6 million in “Phase 1” tariff entries and said it might go after another $1.2 million later. Weyco said both timing and how much it could recover aren’t clear. Weycogroup
The trade happened during the regular U.S. trading session. According to Nasdaq’s 2026 holiday calendar, markets were closed for Memorial Day on May 25. The next listed full market closure is Juneteenth on June 19. Nasdaq
Shoe stocks traded up. Caleres climbed roughly 2.2%. Designer Brands gained about 1%. Rocky Brands tacked on 0.5%. The Consumer Discretionary Select Sector SPDR ETF stayed flat to fractionally down.
Weyco’s first-quarter net sales came in at $68.0 million, little changed from last year. Operating earnings were $7.5 million, up 7%, while net earnings climbed 10% to $6.1 million. Earnings per diluted share rose to 64 cents from 57 cents.
Florsheim put up a 5% sales gain, but other brands went the other direction. Stacy Adams sales fell 9% and BOGS was down 11% as retailers pulled back. Retail sales rose 2%, with e-commerce helping. Florsheim Australia climbed 10% in dollar terms, but stayed flat when measured in local currency.
Weyco CEO Thomas W. Florsheim Jr. said in the release that “operating earnings improved” even as the company faces “ongoing market uncertainty.” Florsheim also said Weyco is dealing with a “fluid trade environment.”
Weyco’s quarter was “surprisingly good,” analyst David Wright at Henry Investment Trust said on the May 6 earnings call. Wright also questioned management about tariffs. CEO Tom Florsheim said a yearly 10% tariff would raise costs by about $10 million over the usual level, making “planning very difficult.” Investing
Weyco’s balance sheet is still central to its story. As of March 31, the company held $93.9 million in cash and marketable securities. Weyco reported no debt on its $40 million revolving credit line and announced a quarterly dividend of 28 cents per share, payable June 30. Weycogroup
Risks are still there. Tariff refunds may not come through on time, might be cut, or may not cover higher trade costs, and the company said trade policy is still hard to predict. Retailers are cautious on fashion dress shoes and demand for BOGS is softer, which could mean sales growth stays slow. Weycogroup
Weyco designs and sells shoes under brands like Florsheim, Nunn Bush, Stacy Adams and BOGS. It sells through shoe stores, department stores, specialty stores, e-commerce, and its Florsheim shops.
