secwatch.observer — SEC 8-K summary
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Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001558370-24-011077
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weyco Q2 net earnings rise 15% to $5.6M record; EPS $0.59; sales down 5%
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- Net sales $63.9M, down 5% from $67.0M in Q2 2023; wholesale segment down 2%.
- Net earnings $5.6M (record) vs $4.9M; diluted EPS $0.59 vs $0.50; gross margin 43.9% (up from 43.3%).
- Wholesale operating earnings up 8% to $5.8M; BOGS sales down 33% but inventories normalizing.
- Retail sales flat at $7.6M; Florsheim Australia sales down 23% due to Asia Pacific closure.
- Board declared $0.26/share dividend, payable Sept 30, record Aug 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000155837024011077/0001558370-24-011077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000155837024011077/weys-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011077

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