NASDAQ: WEYS
WEYCO GROUP INCCIK 0000106532 · SIC 5130 · Apparel & Piece Goods
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Latest financial statements
From 10-Q filed Aug 7, 2026 (period ending Jun 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 June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Net sales | 62,216 | 58,221 | 130,221 | 126,251 |
| Cost of sales | 18,432 | 32,998 | 56,371 | 70,653 |
| Gross earnings | 43,784 | 25,223 | 73,850 | 55,598 |
| Selling and administrative expenses | 26,764 | 21,330 | 49,326 | 44,674 |
| Earnings from operations | 17,020 | 3,893 | 24,524 | 10,924 |
| Interest income | 1,519 | 785 | 2,204 | 1,419 |
| Interest expense | — | (1) | (4) | (2) |
| Other income (expense), net | 51 | (59) | 208 | (186) |
| Earnings before provision for income taxes | 18,590 | 4,618 | 26,932 | 12,155 |
| Provision for income taxes | 5,275 | 2,362 | 7,496 | 4,356 |
| Net earnings | 13,315 | 2,256 | 19,436 | 7,799 |
| Weighted average shares outstanding | ||||
| Basic | 9,412 | 9,475 | 9,412 | 9,511 |
| Diluted | 9,561 | 9,561 | 9,536 | 9,612 |
| Earnings per share | ||||
| Basic | 1.41 | 0.24 | 2.06 | 0.82 |
| Diluted | 1.39 | 0.24 | 2.04 | 0.81 |
| Cash dividends declared (per share) | 0.28 | 0.27 | 0.55 | 0.53 |
Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS: | ||
| Cash and cash equivalents | 93,691 | 96,006 |
| Marketable securities, at amortized cost | 1,780 | 1,425 |
| Tariff refund receivable | 17,447 | — |
| Accounts receivable, net | 34,283 | 38,899 |
| Inventories | 49,069 | 65,887 |
| Prepaid expenses and other current assets | 2,609 | 3,218 |
| Total current assets | 198,879 | 205,435 |
| Marketable securities, at amortized cost | 2,640 | 3,460 |
| Property, plant and equipment, net | 27,674 | 27,414 |
| Operating lease right-of-use assets | 8,621 | 10,257 |
| Goodwill | 12,317 | 12,317 |
| Trademarks | 32,868 | 32,868 |
| Other assets | 28,076 | 27,916 |
| Total assets | 311,075 | 319,667 |
| LIABILITIES AND EQUITY: | ||
| Accounts payable | 6,358 | 11,198 |
| Dividend payable | — | 21,385 |
| Operating lease liabilities | 3,672 | 4,354 |
| Accrued liabilities | 14,351 | 11,062 |
| Accrued income tax payable | 1,977 | 638 |
| Total current liabilities | 26,358 | 48,637 |
| Deferred income tax liabilities | 13,716 | 13,828 |
| Long-term pension liability | 10,387 | 10,787 |
| Operating lease liabilities | 5,437 | 6,437 |
| Other long-term liabilities | 382 | 410 |
| Total liabilities | 56,280 | 80,099 |
| Common stock | 9,531 | 9,532 |
| Capital in excess of par value | 74,843 | 73,967 |
| Reinvested earnings | 184,084 | 169,923 |
| Accumulated other comprehensive loss | (13,663) | (13,854) |
| Total equity | 254,795 | 239,568 |
| Total liabilities and equity | 311,075 | 319,667 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net earnings | 19,436 | 7,799 |
| Adjustments to reconcile net earnings to net cash provided by operating activities - | ||
| Depreciation | 1,271 | 1,203 |
| Amortization | 63 | 131 |
| Bad debt expense | 4 | 148 |
| Deferred income taxes | (145) | 838 |
| Net foreign currency transaction (gains) losses | (71) | 66 |
| Share-based compensation expense | 863 | 802 |
| Pension (benefit) expense | (36) | 240 |
| Loss on disposal of fixed assets | — | 5 |
| Increase in cash surrender value of life insurance | (240) | (230) |
| Changes in operating assets and liabilities - | ||
| Accounts receivable | 4,610 | 5,301 |
| Tariff refund receivable | (17,447) | — |
| Inventories | 16,828 | 2,705 |
| Prepaid expenses and other assets | 644 | 791 |
| Accounts payable | (4,848) | (1,277) |
| Accrued liabilities and other | 2,913 | (3,458) |
| Accrued income taxes | 1,331 | (707) |
| Net cash provided by operating activities | 25,176 | 14,357 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from maturities of marketable securities | 470 | 5 |
| Purchases of property, plant and equipment | (1,490) | (677) |
| Net cash used for investing activities | (1,020) | (672) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Cash dividends paid | (26,562) | (5,039) |
| Shares purchased and retired | (34) | (3,135) |
| Net proceeds from stock options exercised | 13 | — |
| Net cash used for financing activities | (26,583) | (8,174) |
| Effect of exchange rate changes on cash and cash equivalents | 112 | 956 |
| Net (decrease) increase in cash and cash equivalents | (2,315) | 6,467 |
| CASH AND CASH EQUIVALENTS at beginning of period | 96,006 | 70,963 |
| CASH AND CASH EQUIVALENTS at end of period | 93,691 | 77,430 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Income taxes paid, net of refunds | 6,304 | 4,208 |
| 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 ↗