secwatch.observer — SEC 8-K summary
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Issuer:     WEYCO GROUP INC (WEYS)
CIK:        0000106532
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001558370-24-014424
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weyco Q3 2024: net sales down 12% to $74.3M, EPS $0.84; declares special $2.00 dividend
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- Net sales $74.3M, down 12% YoY; diluted EPS $0.84 vs $0.98.
- Wholesale segment sales $61.1M (-12%); Nunn Bush -20%, Stacy Adams -17%, BOGS -18%.
- CEO cites soft consumer demand and mild fall weather hurting BOGS at-once orders.
- Board declared special cash dividend of $2.00 per share plus regular $0.26 dividend; record Nov 18.
- Gross margin improved to 44.3% from 43.0%; operating earnings $10.2M down 18%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106532/000155837024014424/0001558370-24-014424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106532/000155837024014424/weys-20241105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014424

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