{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-002474","form_type":"8-K","ticker":"WEYS","cik":"0000106532","company_name":"WEYCO GROUP INC","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.269314+00:00","generated_at":"2026-06-05T03:20:29.045020+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Weyco Group Q4 sales down 19%, but full-year net earnings and operating earnings reach records","bullets":["Q4 net sales $80.6M (-19% YoY); net earnings $8.5M ($0.90 EPS) vs $10.2M ($1.06) last year.","Full-year net sales $318.0M (-10%); net earnings a record $30.2M ($3.17 diluted EPS, +2%).","Full-year operating earnings record $41.0M (+2%) on improved gross margins (44.9% vs 41.1%).","Wholesale segment sales fell 12% in 2023; BOGS sales declined 31% due to market saturation.","Board declared $0.25/share dividend (payable Mar 29, 2024); CEO expects first-half 2024 headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-002474","json":"https://secwatch.observer/filing/0001558370-24-002474.json","markdown":"https://secwatch.observer/filing/0001558370-24-002474.md","text":"https://secwatch.observer/filing/0001558370-24-002474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/0001558370-24-002474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/weys-20240305x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:20:29.045020+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"96dd4906f7532b7b4d949d3d2a0cde777e6c3232","claim":"WEYCO GROUP INC reported the quarter and year ended December 31, 2023 results: revenue $318.0 million, net income $30.2 million, or $3.17 per diluted share.","evidence_excerpt":"WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2023. ​ Fourth Quarter 2023 Consolidated net sales were $80.6 million, down 19% from $99.0 million in the fourth quarter of 2022. Consolidated gross earnings increased to 50.3% of net sales compared to 46.6% of net sales in last year’s fourth","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/0001558370-24-002474-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$318.0 million"},{"label":"Net income","value":"$30.2 million, or $3.17 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"96dd4906f7532b7b4d949d3d2a0cde777e6c3232","claim":"WEYCO GROUP INC reported the quarter and year ended December 31, 2023 results: revenue $318.0 million, net income $30.2 million, or $3.17 per diluted share.","evidence_excerpt":"Consolidated net sales for the full year were $318.0 million, down 10% compared to record sales of $351.7 million in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/0001558370-24-002474-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$318.0 million"},{"label":"Net income","value":"$30.2 million, or $3.17 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}