Segment Information

3 Months Ended

Mar. 31, 2026

6. Segment Information

We have two reportable segments: North American wholesale operations (“Wholesale”) and North American retail operations (“Retail”). Our chief operating decision maker (our CEO) regularly reviews segment-level earnings from operations to assess segment performance and to allocate capital and personnel resources to the segments. The tables below present net sales, significant expenses, and earnings from operations by reportable segment, reconciled to total net sales, earnings from operations, and earnings before provision for income taxes. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CEO. Corporate expenses are included in our Wholesale segment.


Three Months Ended
March 31,	Wholesale		Retail		Total

	(Dollars in thousands)
2026
Product sales	$	53,133	$	8,816	$	61,949
Licensing revenues		443		—		443
Net sales - reportable segments		53,576		8,816		62,392
Cost of sales		32,866		2,992
Selling and administrative expenses		13,757		5,064
Earnings from operations - reportable segments	$	6,953	$	760	$	7,713

Reconciliation of reportable segment net sales to total net sales
Net sales - reportable segments					$	62,392
Other net sales⁽¹⁾						5,613
Total net sales					$	68,005

Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes
Earnings from operations - reportable segments					$	7,713
Other loss from operations⁽¹⁾						(209)
Total earnings from operations						7,504
Interest income						685
Interest expense						(4)
Other income, net						157
Earnings before provision for income taxes					$	8,342

Three Months Ended
March 31,	Wholesale		Retail		Total

	(Dollars in thousands)
2025
Product sales	$	53,779	$	8,666	$	62,445
Licensing revenues		494		—		494
Net sales - reportable segments		54,273		8,666		62,939
Cost of sales		32,863		2,892
Selling and administrative expenses		14,774		5,152
Earnings from operations - reportable segments	$	6,636	$	622	$	7,258

Reconciliation of reportable segment net sales to total net sales
Net sales - reportable segments					$	62,939
Other net sales⁽¹⁾						5,091
Total net sales					$	68,030

Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes
Earnings from operations - reportable segments					$	7,258
Other loss from operations⁽¹⁾						(227)
Total earnings from operations						7,031
Interest income						634
Interest expense						(1)
Other expense, net						(127)
Earnings before provision for income taxes					$	7,537

(1) Other net sales and losses from operations were derived from our retail and wholesale operations in Australia and South Africa (collectively, “Florsheim Australia”), which do not meet the criteria for separate reportable segment classification.

Transactions between segments consist of sales from the Wholesale to Retail segment. Intersegment sales are valued at the cost of inventory plus an estimated cost to ship the products. Intersegment sales were $3.0 million in the first quarter of 2026. Intersegment sales have been eliminated and are excluded from net sales in the above table.

Other financial data by segment is disclosed below. Total assets and capital expenditures are not disclosed because our CEO does not review or allocate resources based on such information.


			Three Months Ended March 31,
		2026			2025

		(Dollars in thousands)
Depreciation and amortization
Wholesale ⁽²⁾		$	497		$	422
Retail ⁽²⁾			12			2
Other ⁽³⁾			174			173
Total depreciation and amortization		$	683		$	597

⁽²⁾The amounts of depreciation and amortization disclosed by reportable segment are included within segment selling and administrative expenses in the tables above.

⁽³⁾Other depreciation and amortization was incurred by Florsheim Australia’s operating segments which are not reportable segments.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

WEYCO GROUP INC 10-Q