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what it is
Weyco designs and sells shoes through about 10,000 stores, its own shops, and online.
how it gets paid
Last year Weyco made $276M in revenue.
why growth slowed
Revenue fell 4.9% last year. 42.8% gross margin mattered because tariff pressure shows up there before it shows up anywhere else.
what just happened
A normal quarter should sit near ~$69M revenue (order of magnitude: ~$276M annual ÷ 4). The old $199M “quarter” was ~72% of the full year—impossible.
At a glance
B+ balance sheet — decent shape, but not bulletproof
20/100 earnings predictability — expect surprises
12.3x trailing p/e — the market's not buying it — or you found a deal
3.3% dividend yield — cash in your pocket every quarter
12.3% return on capital — nothing to write home about
xvary composite: 55/100 — below average
What they do
Weyco designs and sells shoes through about 10,000 stores, its own shops, and online.
Weyco gets its shoes into about 10,000 stores. That is the trick. Your local shelf does the selling, and leaving is painful because retailers already carry Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake. It also sells through e-commerce and its own stores, so the company has 2 ways to move product when one channel slows.
How they make money
$276M
annual revenue · revenue declined -4.9% last year
total revenue
$276M
4.9%
The products that matter
flagship footwear brand
Florsheim
record 2025 brand performance
Florsheim hit a record in 2025. That matters because the brand held up even while company-wide sales still fell to $276.2M. Demand was not the whole problem.
brand strength
wholesale footwear distribution
Wholesale
$221M · 80% of revenue
This is the core business at $221M, and its 5.8% decline explains most of the revenue pressure you saw in 2025. When this channel slows, the whole company feels it.
main engine
owned retail and direct sales
Retail
$55M · 20% of revenue
Retail brought in $55M and fell 1.8%. That is better than wholesale, but still too small to offset broader weakness on its own.
stability check
Key numbers
$31.29
share price
You pay $31.29 for a company that still throws off cash and pays a 3.3% dividend.
3.3%
dividend yield
Your cash return is 3.3% before the stock moves a single cent.
12.3x
trailing p/e
You pay 12.3x trailing earnings. That is cheap only if earnings stay put.
$7M
long-term debt
Long-term debt is only $7M, or 2% of capital. That keeps the balance sheet calm.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 45 / 100
- long-term debt $7M (2% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for WEYS right now.
source: institutional data · return history unavailable
What just happened
reconcile feeds
Quarterly revenue is about ~$69M (not $199M) with 42.8% gross margin still the right quality read.
Vendor lines disagree: one feed shows $1.50 quarterly EPS, another shows $0.69 last print and $2.68 trailing—match diluted GAAP vs adjusted before you trade the headline.
~$69M
qtr revenue (approx.)
mixed
EPS (verify)
42.8%
gross margin
the number that mattered
42.8% gross margin mattered because tariff pressure shows up there before it shows up anywhere else.
source: EDGAR 10-Q, 2025
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What could go wrong
Weyco already showed you the stress point: $16M in tariffs hit a business that produced $23.1M in net earnings on $276.2M in sales. This is not a theory risk. It already happened.
high
footwear import tariffs
Management cited $16M in new tariffs during 2025. Against $276.2M in sales and a 13.6% operating margin, that is not background noise.
If tariffs stay elevated and pricing does not offset them, profitability takes the hit first.
med
wholesale demand and returns pressure
Wholesale sales fell 5.8% to $221M, and q4 was hurt by higher sales returns and allowances.
Because wholesale is 80% of revenue, even a small stumble there spreads through the whole income statement.
med
thin margin for execution mistakes
Weyco still earned $23.1M and carries only $7M in long-term debt, but that cushion is smaller than it looks when sales fell 4.9% and the stock only scores 20/100 on earnings predictability.
If sales stay below $276.2M and margins do not recover from here, the stock's cheap multiple stops looking like an opportunity and starts looking accurate.
The current risk stack is concentrated and measurable. That's useful for you. It also means there is not much mystery about what needs to improve.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the metric
operating margin vs. tariff drag
The business posted a 13.6% operating margin, but 2025 also absorbed $16M in new tariffs. That spread is the whole story right now.
calendar
q1 2026 earnings report
Expected in early May 2026. You want to see whether sales returns, allowances, and wholesale pressure started easing after the weak finish to 2025.
capital return
buybacks plus the dividend
Weyco repurchased $4.1M of stock in q3 2025 and pays a $0.27 quarterly dividend. If results stay soft, capital returns become a bigger part of your reason to hold it.
policy risk
tariff headlines
This is one of those rare small caps where trade policy is not abstract. A change in import costs can move margins faster than brand momentum can offset them.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not trust this business to produce smooth quarters.
risk rank
3
That reads as middle-of-the-road risk. Safer than the messiest small caps, less dependable than the best compounders.
source: institutional data
Institutional activity
institutional ownership data for WEYS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$31
current price
n/a
target midpoint · n/a from current
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