NASDAQ: WEYS
WEYCO GROUP INCCIK 0000106532 · SIC 5130 · Apparel & Piece Goods
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Latest financial statements
From 10-Q filed Nov 6, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Earnings (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Net sales | 77,024 | 73,121 | 207,245 | 199,372 |
| Cost of sales | 38,769 | 43,333 | 95,140 | 113,986 |
| Gross earnings | 38,255 | 29,788 | 112,105 | 85,386 |
| Selling and administrative expenses | 24,514 | 21,733 | 73,840 | 66,407 |
| Earnings from operations | 13,741 | 8,055 | 38,265 | 18,979 |
| Interest income | 882 | 828 | 3,086 | 2,247 |
| Interest expense | — | — | (4) | (2) |
| Other income (expense), net | 33 | 57 | 241 | (129) |
| Earnings before provision for income taxes | 14,656 | 8,940 | 41,588 | 21,095 |
| Provision for income taxes | 3,145 | 2,354 | 10,641 | 6,710 |
| Net earnings | 11,511 | 6,586 | 30,947 | 14,385 |
| Weighted average shares outstanding | ||||
| Basic | 9,463 | 9,445 | 9,429 | 9,488 |
| Diluted | 9,651 | 9,535 | 9,575 | 9,585 |
| Earnings per share | ||||
| Basic | 1.22 | 0.70 | 3.28 | 1.52 |
| Diluted | 1.19 | 0.69 | 3.23 | 1.50 |
| Cash dividends declared (per share) | 0.28 | 0.27 | 0.83 | 0.80 |
Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS: | ||
| Cash and cash equivalents | 91,159 | 96,006 |
| Marketable securities, at amortized cost | 2,083 | 1,425 |
| Accounts receivable, net | 49,382 | 38,899 |
| Income tax receivable | 877 | — |
| Inventories | 60,094 | 65,887 |
| Prepaid expenses and other current assets | 10,539 | 3,218 |
| Total current assets | 214,134 | 205,435 |
| Marketable securities, at amortized cost | 1,941 | 3,460 |
| Property, plant and equipment, net | 27,487 | 27,414 |
| Operating lease right-of-use assets | 8,361 | 10,257 |
| Goodwill | 12,317 | 12,317 |
| Trademarks | 32,868 | 32,868 |
| Other assets | 20,694 | 27,916 |
| Total assets | 317,802 | 319,667 |
| LIABILITIES AND EQUITY: | ||
| Accounts payable | 8,476 | 11,198 |
| Dividend payable | — | 21,385 |
| Operating lease liabilities | 3,787 | 4,354 |
| Accrued liabilities | 11,619 | 11,062 |
| Accrued income tax payable | — | 638 |
| Total current liabilities | 23,882 | 48,637 |
| Deferred income tax liabilities | 14,692 | 13,828 |
| Long-term pension liability | 10,263 | 10,787 |
| Operating lease liabilities | 5,070 | 6,437 |
| Other long-term liabilities | 359 | 410 |
| Total liabilities | 54,266 | 80,099 |
| Common stock | 9,626 | 9,532 |
| Capital in excess of par value | 74,524 | 73,967 |
| Reinvested earnings | 192,940 | 169,923 |
| Accumulated other comprehensive loss | (13,554) | (13,854) |
| Total equity | 263,536 | 239,568 |
| Total liabilities and equity | 317,802 | 319,667 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net earnings | 30,947 | 14,385 |
| Adjustments to reconcile net earnings to net cash provided by operating activities - | ||
| Depreciation | 1,918 | 1,860 |
| Amortization | 74 | 197 |
| Bad debt expense | 9 | 167 |
| Deferred income taxes | 827 | 1,531 |
| Net foreign currency transaction (gains) losses | (36) | 59 |
| Share-based compensation expense | 1,341 | 1,246 |
| Pension (benefit) expense | (54) | 218 |
| (Gain) loss on disposal of fixed assets | (11) | 17 |
| Increase in cash surrender value of life insurance | (360) | (350) |
| Changes in operating assets and liabilities - | ||
| Accounts receivable | (10,548) | (9,113) |
| Inventories | 5,799 | 6,803 |
| Prepaid expenses and other assets | 682 | 1,039 |
| Accounts payable | (2,720) | (654) |
| Accrued liabilities and other | 263 | (3,567) |
| Accrued income taxes | (1,168) | (591) |
| Excess tax benefits from share-based compensation | (354) | — |
| Net cash provided by operating activities | 26,609 | 13,247 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from maturities of marketable securities | 870 | 370 |
| Proceeds from sale of marketable securities | — | 384 |
| Proceeds from sale of property, plant and equipment | 12 | — |
| Purchases of property, plant and equipment | (1,933) | (890) |
| Other | (475) | — |
| Net cash used for investing activities | (1,526) | (136) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Cash dividends paid | (29,368) | (7,731) |
| Shares purchased and retired | (34) | (4,065) |
| Net proceeds from stock options exercised | 11 | — |
| Taxes paid related to the net share settlement of equity awards | (699) | (228) |
| Net cash used for financing activities | (30,090) | (12,024) |
| Effect of exchange rate changes on cash and cash equivalents | 160 | 865 |
| Net (decrease) increase in cash and cash equivalents | (4,847) | 1,952 |
| CASH AND CASH EQUIVALENTS at beginning of period | 96,006 | 70,963 |
| CASH AND CASH EQUIVALENTS at end of period | 91,159 | 72,915 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Income taxes paid, net of refunds | 10,870 | 5,768 |
| Interest paid | — | 1 |
| NON-CASH FINANCING ACTIVITY: | ||
| Settlement of dividend payable with prefunded dividend | — | 21,579 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (Dollars in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗