---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055015"
form_type: "8-K"
ticker: "WEYS"
cik: "0000106532"
company_name: "WEYCO GROUP INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:34:35.008144+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Weyco Group Q1 net sales record $86.3M, EPS $0.78 up 84% YoY, dividend raised to $0.25

## Summary
- Q1 net sales record $86.3M (+6% YoY); diluted EPS $0.78 vs $0.42.
- Wholesale operating earnings record $8.8M (+82%) on gross margins of 38.2% vs 30.0%.
- Retail segment record sales $8.9M (+14%); operating earnings $1.3M (+55%).
- Florsheim Australia sales up 24% in local currency; segment posted $275K operating profit vs loss.
- Quarterly dividend raised 4% to $0.25 per share, payable June 30 to holders of record May 26.

## SEC filing metadata
- accession: 0001104659-23-055015
- form_type: 8-K
- ticker: WEYS
- cik: 0000106532
- company_name: WEYCO GROUP INC
- filed_at: 2023-05-02T23:59:59+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/106532/000110465923055015/0001104659-23-055015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106532/000110465923055015/tm2314407d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055015
- JSON: https://secwatch.observer/filing/0001104659-23-055015.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055015.txt

## Key facts
- Earnings Releases
  WEYCO GROUP INC reported financial results for quarter ended March 31, 2023.
  - Period: quarter ended March 31, 2023
  - Result: reported results
  source text: Consolidated net sales were a first-quarter record of $86.3 million, up 6% compared to our previous record of $81.4 million in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923055015/0001104659-23-055015-index.htm
- Earnings Releases
  WEYCO GROUP INC reported financial results for quarter ended March 31, 2023.
  - Period: quarter ended March 31, 2023
  - Result: reported results
  source text: Operating earnings were a first-quarter record of $10.4 million, up more than 90% over last year's first quarter operating earnings of $5.4 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923055015/0001104659-23-055015-index.htm
- Earnings Releases
  WEYCO GROUP INC reported financial results for quarter ended March 31, 2023.
  - Period: quarter ended March 31, 2023
  - Result: reported results
  source text: Net earnings were a first-quarter record of $7.4 million, or $0.78 per diluted share, up 84% compared to $4.1 million, or $0.42 per diluted share, last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923055015/0001104659-23-055015-index.htm

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