Loyalty and value drive a strong quarter for Weis Markets [Yahoo! Finance]
Weis Markets, Inc. (WMK)
US:NYSE Investor Relations:
weismarkets.com/financial-information
Company Research
Source: Yahoo! Finance
For the quarter ended Sept. 28, the retailer posted comparable-store sales growth, excluding fuel, of 3% or 4.1% on a two-year, stacked basis. Weis' net sales totaled $1.19 billion during the period, up 2.2% from the same quarter a year ago. Net income rose 11.3% from 2023, to $25.84 million. “We continue to make progress in a post-inflationary environment affecting our year-over-year comparisons,” Weis Markets Chairman, President, and CEO Jonathan Weis said in a statement. “Despite the challenge, we posted a solid comparable-store sales increase in the period and generated net income results that remain in line with our expectations.” Year to date, Weis' net sales totaled $3.55 billion, up 1.8% from the same period a year ago. Year-to-date comparable-store sales, excluding fuel, increased 2.2% or 5.3% on a two-year, stacked basis. Year-to-date net income was $75.26 million, a decrease of 9.7% from the year-ago period. “We attribute our results to our popular Weis Rewards loy
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WMK
Sec Filings
- 11/7/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/22/24 - Form 8-K
- WMK's page on the SEC website