Weyco Group Q1 2026 earnings rise 10% despite flat sales and tariff challenges

Weyco Group reported flat net sales of $68 million for Q1 2026 but achieved a 10% increase in net earnings to $6.1 million, driven by improved operating earnings and cost reductions. The company faced gross margin pressure from tariffs imposed in 2025, though recent U.S. Supreme Court rulings may allow tariff refunds, easing future cost burdens. Florsheim brand sales grew, offsetting declines in other brands, while the company raised its quarterly dividend by 4%. Weyco remains cautious amid evolving U.S. trade policies but is actively managing pricing and costs to sustain profitability.