---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-086355"
form_type: "8-K"
ticker: "WEYS"
cik: "0000106532"
company_name: "WEYCO GROUP INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:47:12.564709+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Weyco Q2 net sales down 10% but net earnings up 8% to record $4.9M

## Summary
- Net sales $67.0M, down 10% YoY from $74.4M; operating earnings $6.7M, up 18%.
- Diluted EPS $0.50 vs $0.47 last year; gross margin improved to 43.3% from 40.0%.
- North American wholesale sales fell 13% to $51.5M; retail segment hit record $7.6M, up 3%.
- Florsheim Australia sales down slightly in USD but up 7% in local currency.
- Board declared $0.25/share dividend, payable Sep 29 to holders of record Aug 25.

## SEC filing metadata
- accession: 0001104659-23-086355
- form_type: 8-K
- ticker: WEYS
- cik: 0000106532
- company_name: WEYCO GROUP INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/106532/000110465923086355/0001104659-23-086355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106532/000110465923086355/tm2316706-2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-086355
- JSON: https://secwatch.observer/filing/0001104659-23-086355.json
- Plain text: https://secwatch.observer/filing/0001104659-23-086355.txt

## Key facts
- Earnings Releases
  WEYCO GROUP INC reported quarter ended June 30, 2023 results: revenue $67.0 million, net income $4.9 million, EPS $0.50 per diluted share.
  - Period: quarter ended June 30, 2023
  - Revenue: $67.0 million
  - Net income: $4.9 million
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended June 30, 2023. Second Quarter 2023 Consolidated net sales were $67.0 million, down 10% compared to record second-quarter sales of $74.4 million in 2022. Consolidated gross earnings increased to 43.3% of net sales compared to 40.0% of net sales in last
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000110465923086355/0001104659-23-086355-index.htm

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