---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-029571"
form_type: "8-K"
ticker: "WEYS"
cik: "0000106532"
company_name: "WEYCO GROUP INC"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:15:03.010845+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Weyco Group reports record FY 2022 sales $351.7M, EPS $3.07; Q4 operating earnings record $15.1M

## Summary
- FY 2022 net sales record $351.7M (+31% YoY); operating earnings record $40.4M (+57%); net earnings record $29.5M ($3.07 diluted EPS).
- Q4 net sales $99.0M (-2% YoY); Q4 operating earnings record $15.1M (+18%); Q4 EPS $1.06 vs $1.07 last year.
- North American wholesale net sales record $283.2M (+38%); retail net sales record $36.7M (+16%).
- Gross margins in wholesale returned to pre-pandemic levels due to price increases; selling and administrative expenses up.
- Board declared cash dividend of $0.24 per share, payable March 31, 2023 to holders of record March 17, 2023.

## SEC filing metadata
- accession: 0001104659-23-029571
- form_type: 8-K
- ticker: WEYS
- cik: 0000106532
- company_name: WEYCO GROUP INC
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106532/000110465923029571/0001104659-23-029571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106532/000110465923029571/tm2229422d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-029571
- JSON: https://secwatch.observer/filing/0001104659-23-029571.json
- Plain text: https://secwatch.observer/filing/0001104659-23-029571.txt

## Key facts
- Earnings Releases
  WEYCO GROUP INC reported fourth quarter ended December 31, 2022 results: revenue $99.0 million, net income $10.2 million, EPS $1.06 per diluted share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $99.0 million
  - Net income: $10.2 million
  - EPS: $1.06 per diluted share
  - Result: reported results
  source text: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2022. Fourth Quarter 2022 Consolidated net sales were $99.0 million, down 2% from $101.4 million in the fourth quarter of 2021. Consolidated gross earnings increased to 46.6% of net sales compared to 40.2% of net sales in last year’s fourth
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923029571/0001104659-23-029571-index.htm
- Earnings Releases
  WEYCO GROUP INC reported full year ended December 31, 2022 results: revenue $351.7 million, net income $29.5 million, EPS $3.07 per diluted share.
  - Period: full year ended December 31, 2022
  - Revenue: $351.7 million
  - Net income: $29.5 million
  - EPS: $3.07 per diluted share
  - Result: reported results
  source text: to $41,000 last year. The increase was driven by improved performance of our retail business in Australia. Full Year 2022 Consolidated net sales for the full year were a record $351.7 million, up 31% compared to $267.6 million in 2021. Consolidated gross earnings as a percent of net sales were 41.1% and 40.1% in 2022 and 2021, respectively. Operating earnings were a
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923029571/0001104659-23-029571-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.