WEIS MARKETS REPORTS THIRD QUARTER 2025 RESULTS
Company's third quarter comparable store sales excluding fuel increased 2.5 percent
"We are grateful for the hard work and dedication of our associates for their excellent service and commitment to our customers and communities every day," said Weis Markets, Inc. Chairman, President, and CEO
Third Quarter 2025 Results
Net sales and other revenue totaled
The Company's third quarter net income totaled
Year-To-Date 2025 Results
Net sales and other revenue totaled
The Company's year-to-date net income totaled
Quarterly Cash Dividend
The Weis Markets, Inc. Board of Directors declared on
About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 201 stores in
In addition to historical information, this news release may contain forward-looking statements, which are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; tariffs and trade policies; business conditions and trends in the retail industry; the regulatory environment; rapidly changing technology, including cybersecurity and data privacy risks, and competitive factors, including increased competition with regional and national retailers; and price pressures. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect Management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the Company files periodically with the Securities and Exchange Commission. Management is also providing a two-year stacked comparable store sales analysis, a non-GAAP measure, because Management believes this metric is useful to investors and analysts. It is not recommended that the two-year-stacked analysis be considered a substitute for the Company's operating results as reported in accordance with GAAP.
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WEIS MARKETS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME |
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Third Quarter – 2025 (Unaudited) |
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13 Weeks Ended |
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39 Weeks Ended |
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(amounts in thousands, except shares and per share amounts) |
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Net sales |
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$ |
1,238,208 |
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$ |
1,186,232 |
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$ |
3,649,492 |
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$ |
3,546,602 |
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Other revenue |
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4,099 |
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3,875 |
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12,387 |
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12,175 |
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Total revenue |
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1,242,307 |
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1,190,107 |
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3,661,879 |
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3,558,777 |
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Cost of sales, including advertising, warehousing and |
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933,619 |
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895,092 |
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2,745,325 |
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2,669,728 |
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Gross profit on sales |
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308,688 |
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295,015 |
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916,554 |
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889,049 |
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Operating, general and administrative expenses |
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286,313 |
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265,457 |
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839,207 |
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799,640 |
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Income from operations |
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22,375 |
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29,558 |
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77,347 |
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89,409 |
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Investment income (loss) and interest expense |
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3,276 |
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7,848 |
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12,981 |
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17,461 |
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Other income (expense) |
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(1,565) |
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(1,621) |
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(3,370) |
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(3,429) |
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Income before provision for income taxes |
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24,086 |
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35,785 |
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86,958 |
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103,441 |
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Provision for income taxes |
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5,853 |
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9,945 |
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21,721 |
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28,178 |
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Net income |
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$ |
18,233 |
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$ |
25,840 |
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$ |
65,237 |
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$ |
75,263 |
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Weighted-average shares outstanding, basic and diluted |
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24,744,597 |
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26,898,443 |
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25,999,035 |
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26,898,443 |
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Cash dividends per share |
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$ |
0.34 |
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$ |
0.34 |
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$ |
1.02 |
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$ |
1.02 |
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Basic and diluted earnings per share |
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$ |
0.74 |
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$ |
0.96 |
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$ |
2.51 |
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$ |
2.80 |
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WEIS MARKETS, INC. INDIVIDUAL YEAR-OVER-YEAR ANALYSIS OF SALES |
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Third Quarter – 2025 (Unaudited) |
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Percentage Change |
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2025 vs. 2024 |
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13 Weeks Ended |
39 Weeks Ended |
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Net sales |
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4.4 |
% |
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2.9 |
% |
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Net sales, excluding fuel |
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4.2 |
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2.9 |
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Comparable store sales (individual year) |
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2.5 |
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1.7 |
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Comparable store sales, excluding fuel (individual year) |
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2.5 |
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1.9 |
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WEIS MARKETS, INC. TWO-YEAR STACKED COMPARABLE STORE SALES |
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Third Quarter – 2025 (Unaudited) |
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Percentage Change |
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13 Weeks Ended |
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2025 vs. 2024 |
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2024 vs. 2023 |
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Comparable store sales (individual year) |
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2.5 |
% |
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2.5 |
% |
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Comparable store sales (two-year stacked) |
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5.0 |
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Comparable store sales, excluding fuel (individual year) |
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2.5 |
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3.0 |
% |
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Comparable store sales, excluding fuel (two-year stacked) |
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5.5 |
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Percentage Change |
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39 Weeks Ended |
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2025 vs. 2024 |
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2024 vs. 2023 |
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Comparable store sales (individual year) |
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1.7 |
% |
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2.0 |
% |
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Comparable store sales (two-year stacked) |
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3.7 |
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Comparable store sales, excluding fuel (individual year) |
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1.9 |
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2.2 |
% |
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Comparable store sales, excluding fuel (two-year stacked) |
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4.1 |
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View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-reports-third-quarter-2025-results-302604703.html
SOURCE Weis Markets
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