Weyco Group reports Q1 EPS 57c vs. 69c last year

Reports Q1 revenue $68.03M vs. $71.6M last year. “We started the year facing significant geopolitical and macroeconomic uncertainties, including the evolving tariff and trade policies of the U.S. government, recession concerns, and market turmoil,” stated Thomas Florsheim, Chairman and CEO. “To date, our efforts to minimize the impact of the incremental tariffs have been fruitful, as we brought in a large amount of inventory ahead of the tariff effective dates. This allows us time, during this tumultuous period, to temporarily halt our China imports as we evaluate plans to mitigate the anticipated future impact of the tariff-cost increases. Despite the uncertainties we face, we are confident in our ability to manage tariff-related cost challenges. Our history of strong operational execution, particularly in the management of our supply chain and price-setting strategy, underscores our proven ability to withstand a turbulent environment.”