Weis Markets reports that its sales increased 15.4 percent to $852.2 million in the first quarter, compared to $738.2 million for the same period in 2016. This represents the Pennsylvania-based company’s 12th consecutive quarter of increased comparable store sales.
During the 13-week period ended April 1, 2017, the company’s net income declined 41.2 percent to $11.8 million while earnings per share totaled $0.44, compared to $0.75 in 2016.
“Our net income was impacted by the Easter and New Year holiday shift compared to 2016, a mild winter and overall price deflation,” said Weis Markets Chairman and CEO Jonathan Weis. “We also continued to make significant investments in our pricing and promotional programs throughout our seven-state market area.”
Weis Markets operates 204 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia.
