Weyco Group Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: WEYS · Form: 10-Q · Filed: 2024-05-09T00:00:00.000Z
Sentiment: neutral
Topics: Weyco Group, 10-Q, Q1 2024, Financial Report, Equity
TL;DR
<b>Weyco Group Inc. filed its Q1 2024 10-Q report, detailing financial performance and equity structure.</b>
AI Summary
WEYCO GROUP INC (WEYS) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. Weyco Group Inc. reported its Q1 2024 results on May 9, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. Key financial data points from previous periods (2023, 2022) are referenced for comparison. Information regarding common stock, reinvested earnings, and capital in excess of par value is detailed. Details on employee stock options and restricted stock grants are provided for 2024 and 2023.
Why It Matters
For investors and stakeholders tracking WEYCO GROUP INC, this filing contains several important signals. This 10-Q filing provides stakeholders with a quarterly update on Weyco Group's financial health and operational performance, crucial for investment decisions. The detailed breakdown of equity components and stock-based compensation offers insights into management's incentives and the company's capital structure.
Risk Assessment
Risk Level: low — WEYCO GROUP INC shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags, indicating a low level of immediate risk.
Analyst Insight
Monitor Weyco Group's subsequent filings for trends in revenue segments and changes in equity structure to assess ongoing business performance.
Key Numbers
- 2024-03-31 — Report Period End Date (Conformed period of report)
- 2024-05-09 — Filing Date (Filed as of date)
- 2023-01-01 — Prior Year Start Date (Reference for comparative data)
- 2023-03-31 — Prior Year Period End Date (Reference for comparative data)
Key Players & Entities
- WEYCO GROUP INC (company) — Filer name
- 20240331 (date) — Conformed period of report
- 20240509 (date) — Filed as of date
- WI (location) — State of incorporation
- 333 W ESTABROOK BOULEVARD (address) — Business address street 1
- GLENDALE (location) — Business address city
- 4149081600 (phone) — Business phone
- WEYENBERG SHOE MANUFACTURING CO (company) — Former company name
FAQ
When did WEYCO GROUP INC file this 10-Q?
WEYCO GROUP INC filed this Quarterly Report (10-Q) with the SEC on May 9, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by WEYCO GROUP INC (WEYS).
Where can I read the original 10-Q filing from WEYCO GROUP INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by WEYCO GROUP INC.
What are the key takeaways from WEYCO GROUP INC's 10-Q?
WEYCO GROUP INC filed this 10-Q on May 9, 2024. Key takeaways: Weyco Group Inc. reported its Q1 2024 results on May 9, 2024.. The filing covers the period from January 1, 2024, to March 31, 2024.. Key financial data points from previous periods (2023, 2022) are referenced for comparison..
Is WEYCO GROUP INC a risky investment based on this filing?
Based on this 10-Q, WEYCO GROUP INC presents a relatively low-risk profile. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags, indicating a low level of immediate risk.
What should investors do after reading WEYCO GROUP INC's 10-Q?
Monitor Weyco Group's subsequent filings for trends in revenue segments and changes in equity structure to assess ongoing business performance. The overall sentiment from this filing is neutral.
How does WEYCO GROUP INC compare to its industry peers?
Weyco Group Inc. operates in the wholesale apparel, piece goods, and notions sector, as indicated by its SIC code.
Are there regulatory concerns for WEYCO GROUP INC?
The filing is a standard Form 10-Q, a mandatory quarterly report for public companies under the Securities Exchange Act of 1934.
Industry Context
Weyco Group Inc. operates in the wholesale apparel, piece goods, and notions sector, as indicated by its SIC code.
Regulatory Implications
The filing is a standard Form 10-Q, a mandatory quarterly report for public companies under the Securities Exchange Act of 1934.
What Investors Should Do
- Review the full 10-Q for detailed financial statements and management's discussion and analysis.
- Track future filings for revenue trends across wholesale, retail, and other segments.
- Analyze changes in equity structure and stock-based compensation for insights into company strategy.
Key Dates
- 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
- 2024-05-09: Filing Date — Date the 10-Q was officially filed with the SEC.
Year-Over-Year Comparison
This filing represents the first quarterly report for 2024, providing an update compared to the previous year's Q1 and the full year 2023 data points referenced.
From the Filing
0001558370-24-007553.txt : 20240509 0001558370-24-007553.hdr.sgml : 20240509 20240509141236 ACCESSION NUMBER: 0001558370-24-007553 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 73 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYCO GROUP INC CENTRAL INDEX KEY: 0000106532 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-APPAREL, PIECE GOODS & NOTIONS [5130] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 390702200 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-09068 FILM NUMBER: 24929869 BUSINESS ADDRESS: STREET 1: 333 W ESTABROOK BOULEVARD CITY: GLENDALE STATE: WI ZIP: 43312 BUSINESS PHONE: 4149081600 MAIL ADDRESS: STREET 1: 333 W ESTABROOK BOULEVARD CITY: GLENDALE STATE: WI ZIP: 43312 FORMER COMPANY: FORMER CONFORMED NAME: WEYENBERG SHOE MANUFACTURING CO DATE OF NAME CHANGE: 19900514 10-Q 1 weys-20240331x10q.htm 10-Q 2024 Q1 0000106532 --12-31 WI false false false false false 0000106532 2023-01-01 2023-12-31 0000106532 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000106532 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0000106532 weys:ReinvestedEarningsMember 2024-03-31 0000106532 weys:CapitalInExcessOfParValueMember 2024-03-31 0000106532 us-gaap:CommonStockMember 2024-03-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000106532 weys:ReinvestedEarningsMember 2023-12-31 0000106532 weys:CapitalInExcessOfParValueMember 2023-12-31 0000106532 us-gaap:CommonStockMember 2023-12-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000106532 weys:ReinvestedEarningsMember 2023-03-31 0000106532 weys:CapitalInExcessOfParValueMember 2023-03-31 0000106532 us-gaap:CommonStockMember 2023-03-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000106532 weys:ReinvestedEarningsMember 2022-12-31 0000106532 weys:CapitalInExcessOfParValueMember 2022-12-31 0000106532 us-gaap:CommonStockMember 2022-12-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000106532 us-gaap:LineOfCreditMember 2024-03-31 0000106532 us-gaap:RestrictedStockMember 2024-03-28 0000106532 us-gaap:EmployeeStockOptionMember 2024-03-28 0000106532 us-gaap:EmployeeStockOptionMember 2023-12-31 0000106532 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-03-31 0000106532 us-gaap:EmployeeStockOptionMember 2024-03-31 0000106532 us-gaap:RestrictedStockMember 2024-01-01 2024-03-31 0000106532 us-gaap:RestrictedStockMember 2023-12-31 0000106532 us-gaap:RestrictedStockMember 2024-03-31 0000106532 us-gaap:ProductMember weys:WholesaleMember 2024-01-01 2024-03-31 0000106532 us-gaap:ProductMember weys:RetailSegmentMember 2024-01-01 2024-03-31 0000106532 us-gaap:ProductMember weys:OtherSegmentMember 2024-01-01 2024-03-31 0000106532 us-gaap:LicenseMember weys:WholesaleMember 2024-01-01 2024-03-31 0000106532 us-gaap:ProductMember 2024-01-01 2024-03-31 0000106532 us-gaap:LicenseMember 2024-01-01 2024-03-31 0000106532 us-gaap:ProductMember weys:WholesaleMember 2023-01-01 2023-03-31 0000106532 us-gaap:ProductMember weys:RetailSegmentMember 2023-01-01 2023-03-31 0000106532 us-gaap:ProductMember weys:OtherSegmentMember 2023-01-01 2023-03-31 0000106532 us-gaap:LicenseMember weys:WholesaleMember 2023-01-01 2023-03-31 0000106532 us-gaap:ProductMember 2023-01-01 2023-03-31 0000106532 us-gaap:LicenseMember 2023-01-01 2023-03-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000106532 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000106532 weys:WholesaleMember 2024-01-01 2024-03-31 0000106532 weys:RetailSegmentMember 2024-01-01 2024-03-31 0000106532 weys:OtherSegmentMember 2024-01-01 2024-03-31 0000106532 weys:WholesaleMember 2023-01-01 2023-03-31 0000106532 weys:RetailSegmentMember 2023-01-01 2023-03-31 0000106532 weys:OtherSegmentMember 2023-01-01 2023-03-31 0000106532 us-