Weis Markets, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 07, 2023 at 04:40 pm EDT
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Weis Markets, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 1,178.7 million compared to USD 1,135.23 million a year ago. Net income was USD 34.27 million compared to USD 36.27 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 1.35 a year ago.
For the six months, sales was USD 2,323.67 million compared to USD 2,239.3 million a year ago. Net income was USD 60.08 million compared to USD 67.66 million a year ago. Basic earnings per share from continuing operations was USD 2.23 compared to USD 2.52 a year ago.
Weis Markets, Inc. is principally engaged in the retail sale of food in Pennsylvania and surrounding states. The Companyâs retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. The store product selection includes national, local and private brands, including natural, gluten-free and organic varieties. It advertises its products and promotes its brand through digital and printed circulars; television ads; radio ads; e-mail blasts, and on-line via its Website, social media and mobile applications. The Loyalty program includes reward points that may be redeemed for discounts on items in store, at the Companyâs fuel stations or at one of its third-party fuel station partners. It owns and operates 197 retail food stores, many of which have online order customer service.
WEIS MARKETS, INC. 
