secwatch.observer — SEC 8-K summary
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Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001558370-24-002474
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/0001558370-24-002474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000155837024002474/weys-20240305x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002474

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