---
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"
generated_at: "2026-06-05T03:20:29.045020+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Weyco Group Q4 sales down 19%, but full-year net earnings and operating earnings reach records

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/106532/000155837024002474/0001558370-24-002474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/weys-20240305x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002474
- JSON: https://secwatch.observer/filing/0001558370-24-002474.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002474.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $318.0 million
  - Net income: $30.2 million, or $3.17 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/0001558370-24-002474-index.htm
- Earnings Releases
  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.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $318.0 million
  - Net income: $30.2 million, or $3.17 per diluted share
  - Result: reported results
  source text: Consolidated net sales for the full year were $318.0 million, down 10% compared to record sales of $351.7 million in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/0001558370-24-002474-index.htm

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