secwatch.observer — SEC 8-K summary
======================================

Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001104659-22-055216
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weyco Q1 net sales record $81.4M; EPS $0.42 vs $0.14; dividend $0.24
--------------------------------------------------------------------

- Net sales $81.4M (record for Q1), up 73% YoY from $46.9M; operating earnings $5.4M vs $1.6M.
- Diluted EPS $0.42 vs $0.14 in Q1 2021; net earnings $4.1M vs $1.3M.
- North American wholesale sales record $67.1M, retail sales record $7.9M; same-store sales +39%.
- Gross margin 35.8% down from 41.2% due to higher freight costs; improvement expected mid-2022.
- Board declared $0.24/share dividend payable June 30, 2022 to holders of record May 27, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000110465922055216/0001104659-22-055216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000110465922055216/tm2214350d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-055216

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer