Footwear firm Weyco's Q2 sales fall 9%, net earnings drop 60%
Overview
Weyco Q2 2025 net sales fall 9% yr/yr amid economic uncertainty
Net earnings for Q2 2025 drop 60%, impacted by tariffs and lower sales
Diluted EPS declines to $0.24 from $0.59 in Q2 2024
Outlook
Company anticipates continued sales pressure amid economic uncertainty
Weyco expects top-line pressure due to reduced consumer sentiment
Result Drivers
CONSUMER SPENDING - Slowdown in consumer spending amid economic uncertainty led to decreased sales across major brands
TARIFF IMPACT - Incremental tariffs on goods from China negatively affected gross margins despite mitigation efforts
RETAIL DECLINE - Lower consumer demand for footwear resulted in decreased sales in the retail segment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| $58.20 mln |
|
Q2 Net Income |
| $2.30 mln |
|
Q2 Operating income |
| $3.90 mln |
|
Press Release: ID:nGNX4Xh6Yw
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