Weyco Group Inc

Several major shoe and apparel companies have received refunds for reciprocal tariffs imposed last year under the International Emergency Economic Powers Act that were ruled illegal by the U.S. Supreme Court in February. Target Corp. received $994 million in the second quarter ended Aug. 1, while Nike Inc. received $986 million as of July 31, including a $302 million refund that boosted fourth-quarter net income by 407 percent. Columbia Sportswear Co. received $78 million, Amer Sports Inc. received $50.1 million, and Weyco Group Inc. has received $18.6 million of its $19.3 million in claims. Consumer lawsuits filed against companies such as Costco and Nike seek to distribute refunds to shoppers who paid higher prices, but the U.S. Customs and Border Protection is only processing refunds for registered importers of record, and retailers do not necessarily know which customers bought which items.

Weyco Group reported second-quarter 2026 earnings per share of $1.39, up from 24 cents a year earlier, driven largely by tariff refunds and wholesale growth. Net sales rose 7% to $62.2 million, while net earnings jumped to $13.3 million from $2.3 million. The company recognized $15.3 million in tariff refunds as a reduction to cost of sales after the U.S. Supreme Court invalidated certain tariffs, with another $1.2 million in potential refunds still uncertain. North American wholesale sales increased 7% to $48.8 million, led by a 12% gain in Florsheim and a 10% rise in BOGS. Management expects a strong second half, with inventory projected to reach about $70 million by year-end amid tariff uncertainty.