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Weis Markets Reports Significant 1Q Sales Increase

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Last updated on June 13th, 2024 at 04:53 pm

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.

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The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

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