secwatch.observer — SEC 8-K summary
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Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001104659-23-029571
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000110465923029571/0001104659-23-029571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000110465923029571/tm2229422d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-029571

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