secwatch.observer — SEC 8-K summary
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Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086355
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000110465923086355/0001104659-23-086355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000110465923086355/tm2316706-2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086355

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