Weyco's Tariff Troubles: A Cautionary Tale for Trade Dependent Firms Weyco Group, Inc. 's second quarter earnings report serves as a stark reminder of the risks posed by trade policy fluctuations.
The company's performance was bolstered by $15. 3 million in tariff refunds following a U. S. Supreme Court ruling invalidating previous levies under the IEEPA.
The wholesale growth of 7% was driven primarily by Florsheim's expansion into hybrid and casual footwear categories, but this success belies a more nuanced picture.