Weyco Group, Inc. designs, markets, and distributes footwear for men, women, and children in the United States, Canada, Australia, Asia, and South Africa. The company operates in two segments, North American Wholesale and North American Retail. The company offers mid-priced leather dress shoes and casual footwear composed of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, and BOGS brands. It engages in the wholesale of its products to footwear, department, and specialty stores, as well as e-commerce retailers in the United States and Canada. The company also operates e-commerce business; and brick and mortar retail stores in the United States. In addition, it has licensing agreements with third parties, who sell its branded apparel, accessories, and specialty footwear in the United States, as well as footwear in Mexico and certain markets overseas. The company was formerly known as Weyenberg Shoe Manufacturing Company and changed its name to Weyco Group, Inc. in April 1990. Weyco Group, Inc. was incorporated in 1906 and is based in Glendale, Wisconsin.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $276M | $35M | $23M | $36M | 9.6% | -4.9% | -23.9% |
| 2024 | $290M | $43M | $30M | $36M | 12.3% | -8.7% | 0.4% |
| 2023 | $318M | $44M | $30M | $95M | 12.3% | -9.6% | 2.2% |
| 2022 | $352M | $43M | $30M | $-32M | 13.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 351.74 | 318.05 | 290.29 | 276.17 |
| Cost Of Revenue | 207.34 | 175.16 | 158.76 | 156.94 |
| Gross Profit | 144.39 | 142.88 | 131.53 | 119.23 |
| Operating Expense | 104.03 | 101.86 | 94.91 | 90.06 |
| Operating Income | 40.37 | 41.02 | 36.61 | 29.17 |
| EBITDA | 43.22 | 44.24 | 42.60 | 34.91 |
| EBIT | 40.45 | 41.39 | 39.85 | 32.03 |
| Pretax Income | 39.74 | 40.86 | 39.84 | 32.03 |
| Tax Provision | 10.20 | 10.68 | 9.52 | 8.95 |
| Net Income | 29.54 | 30.19 | 30.32 | 23.08 |
| Net Income Common Stockholders | 29.54 | 30.19 | 30.32 | 23.08 |
| Total Expenses | 311.37 | 277.02 | 253.68 | 247 |
| Interest Expense | 0.71 | 0.53 | 0.01 | 0 |
| Interest Income | 0.36 | 1.11 | 3.68 | 2.97 |
| Selling General And Administration | 104.03 | 101.86 | 94.91 | 90.06 |
| Normalized EBITDA | 43.22 | 44.24 | 42.60 | 34.91 |
| Normalized Income | 29.54 | 30.19 | 30.32 | 23.08 |
| Basic EPS | 3.09 | 3.19 | 3.21 | 0 |
| Diluted EPS | 3.07 | 3.17 | 3.16 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.26 | 0.26 | 0.24 | 0.28 |
| Net Income From Continuing Operation Net Minority Interest | 29.54 | 30.19 | 30.32 | 23.08 |
| Reconciled Depreciation | 2.77 | 2.85 | 2.75 | 2.88 |
| Reconciled Cost Of Revenue | 207.34 | 175.16 | 158.76 | 156.94 |
| Net Interest Income | -0.35 | 0.58 | 3.67 | 2.96 |
| Net Income From Continuing And Discontinued Operation | 29.54 | 30.19 | 30.32 | 23.08 |
| Total Operating Income As Reported | 40.37 | 41.02 | 36.61 | 29.17 |
| Diluted Average Shares | 9.62 | 9.54 | 9.60 | 0 |
| Basic Average Shares | 9.55 | 9.45 | 9.46 | 0 |
| Diluted NI Availto Com Stockholders | 29.54 | 30.19 | 30.32 | 23.08 |
| Net Income Including Noncontrolling Interests | 29.54 | 30.19 | 30.32 | 23.08 |
| Net Income Continuous Operations | 29.54 | 30.19 | 30.32 | 23.08 |
| Other Income Expense | -0.28 | -0.74 | -0.44 | -0.10 |
| Other Non Operating Income Expenses | -0.28 | -0.74 | -0.44 | -0.10 |
| Net Non Operating Interest Income Expense | -0.35 | 0.58 | 3.67 | 2.96 |
| Interest Expense Non Operating | 0.71 | 0.53 | 0.01 | 0 |
| Interest Income Non Operating | 0.36 | 1.11 | 3.68 | 2.97 |
| Operating Revenue | 351.74 | 318.05 | 290.29 | 276.17 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Weyco Group, Inc.this co. | WEYS | $319M | 13.90β discount | 1.32 | 9.6% | 7.16 |
| Haverty Furniture Companies, Inc. | HVT | $353M | 18.32 | 1.14 | 6.4% | 9.74 |
| Xponential Fitness, Inc. | XPOF | $340M | - | -0.83 | 9.1% | 6.83 |
| Lands' End, Inc. | LE | $338M | 61.00 | 1.37 | 2.3% | 6.38 |
| Ranpak Holdings Corp. | PACK | $337M |
| - |
| 0.62 |
| -7.2% |
| 12.83 |
| Barnes & Noble Education, Inc. | BNED | $334M | - | 1.15 | -24.2% | 10.34 |
| Hyliion Holdings Corp. | HYLN | $319M | - | 1.65 | -29.8% | -3.90 |
| Kingsway Financial Services Inc. | KFS | $319M | - | 21.00 | -31.2% | 132.56 |
| Strattec Security Corporation | STRT | $312M | 11.30 | 1.28 | 7.6% | 4.77 |
| Peer Median | - | 18.32 | 1.21 | -2.5% | 8.29 | |