Home » Weis Markets Reports Second Quarter Gains
Northeast

Weis Markets Reports Second Quarter Gains

Weis logo

Last updated on June 13th, 2024 at 04:52 pm

Weis Markets reported that its second quarter sales for the 13-week period, which ended July 1, jumped 20 percent to $876.6 million compared to $730.4 million for the same period in 2016.

In the second quarter, the company’s operating income increased 15.2 percent to $27.7 million compared to $24.1 million for the same period in 2016. The company’s second quarter net income increased 21.0 percent to $18.5 million.

For the 26-week period ended July 1, the company’s sales increased 17.7 percent to $1.7 billion compared to the same period in 2016 while comparable store sales were up 1.7 percent.

“Our comparable stores have now increased for the 13th consecutive quarter,” said Chairman & CEO Jonathan Weis. “During this period our sales and net income benefited from the strong performance of our pharmacy and deli-food service departments, sustained and varied promotions throughout our seven-state market area and increased store-level efficiencies and expense controls.”

Weis Markets operates 204 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia.

About the author

Shelby Team

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.”

Featured Photos

Featured Photo ROFDA Spring Conference
Renaissance Esmeralda
Indian Wells, CA
Share via
Copy link
Powered by Social Snap