WMK

Second Quarter 2026 total revenue increased 4.6% and comparable store sales increased 2.3% SUNBURY, Pa., Aug. 4, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week second quarter and 26-week year-to-date ended June 27, 2026. "Customers remain focused on affordability and value, which continues to impact how they shop our stores," said Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis. "To support them, we have increased our investment in promotions and targeted loyalty marketing while maintaining strong in-stock conditions and a consistent shopping experience. Customers continue to respond to these offerings, as reflected in sales growth at our newer stores. We are grateful to our associates for their continued commitment to serving our customers and supporting our business." Second Quarter 2026 Results Total revenue was $1.28 billion for the 13-week second quarter ended June 27, 2026, compared to $1.22 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $10.71 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026. Second quarter comparable store sales increased 2.3% on an individual year-over-year basis and increased 4.1% on a two-year stacked basis. The Company's second quarter net income was $22.86 million compared to $25.28 million in 2025, a 9.6% decrease. Based on weighted-average shares outstanding, second quarter earnings per share were $0.92 compared to $0.96 per share for the same period in 2025. Year-To-Date 2026 Results Total revenue was $2.53 billion for the 26-week year-to-date ended June 27, 2026, compared to $2.42 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $18.19 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026. Year-to-date comparable store sales increased 2.2% on an individual year-over-year basis and increased 3.6% on a two-year stacked basis. The Company's year-to-date net income totaled $50.71 million compared to $44.83 million in 2025, a 13.1% increase. Based on weighted-average shares outstanding, year-to-date earnings per share totaled $2.05 compared to $1.69 per share for the same period in 2025. Quarterly Cash Dividend The Weis Markets, Inc. Board of Directors declared on July 16, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of July 27, 2026, payable on August 10, 2026. About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 202 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets. 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; price pressures; further expenditures related to restatement of our financial statements; and the results of any shareholder actions associated with the restatements referenced in Note 12 on the Company's Annual Report on Form 10-K filed for the fiscal year ended December 27, 2025. 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-reports-second-quarter-2026-results-302842986.html

First Quarter 2026 total revenue increased 4.6% and comparable store sales excluding fuel increased 1.2% SUNBURY, Pa., May 6, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week first quarter ended March 28, 2026. "We continue to invest in a broader promotional offering and an enhanced loyalty marketing program to deliver greater value for our customers, while our facility and technology investments are helping us lower costs, manage expenses, and elevate the customer experience," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. "Together, these efforts contributed to higher comparable sales and income in the first quarter. We are grateful to our associates, whose hard work makes these solid results possible," said Mr. Weis. First Quarter 2026 Results Total revenue was $1.26 billion for the 13-week first quarter ended March 28, 2026, compared to $1.20 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $7.48 million due to pricing headwinds associated with the Inflation Reduction Act Medicare maximum fair price (MFP) provisions that became effective January 1, 2026 on ten drugs. First quarter comparable store sales excluding fuel increased 1.2% on an individual year-over-year basis and increased 2.2% on a two-year stacked basis. The Company's first quarter net income was $27.85 million compared to $19.55 million in 2025, a 42.5% increase. Adjusted for the weighted-average shares outstanding for the applicable reporting period, first quarter earnings per share were $1.13 compared to $0.73 per share for the same period in 2025. Annual Meeting of Shareholders Weis Markets, Inc. held its Annual Meeting of Shareholders in Sunbury, Pennsylvania, on April 30, 2026. At the meeting, Chairman, President, and CEO Jonathan H. Weis reviewed the Company's results and growth, highlighting record investments in its long term capital expenditure program designed to create opportunities for associates and enhance shareholder value. "In 2025, we delivered 17 large projects, including five new stores, seven major remodels, and five fuel centers," said Mr. Weis. "In addition, we completed more than 1,000 smaller store and facility projects, including new energy efficient HVAC systems, refrigerated cases, and front end upgrades. These investments help us operate more efficiently and promote a superior customer shopping experience." Quarterly Cash Dividend The Weis Markets, Inc. Board of Directors declared on April 30, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of May 11, 2026, payable on May 26, 2026. About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 201 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets. 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; price pressures; further expenditures related to restatement of our financial statements; and the results of any shareholder actions associated with the restatements referenced in Note 12 on the Company's Annual Report on Form 10-K filed for the fiscal year ended December 27, 2025. 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-reports-first-quarter-2026-results-302764107.html

Transitioned from a core controlled environment agriculture platform to an innovation-driven consumer packaged goods business focusing on higher-margin opportunities. Expanded retail distribution to nearly 6,000 locations, driven by new placements with Kroger, Weis Markets, and Safeway. Attributed Q4 gross profit losses to deliberate, front-loaded investments in onboarding major retail accounts to secure 2026 shelf space. Achieved double-digit growth in cut herbs and continued strength in the vitamin and supplement portfolio across domestic and international markets. Strategically exited low-margin floral and lettuce categories, which accounted for approximately $1 million in 2024 revenue, to focus on more profitable segments. Leveraged a 'Farm-to-Formula' approach to enter the ready-to-drink (RTD) category, utilizing existing sustainable manufacturing infrastructure. Maintained a 98% in-stock and acceptance rate with major retailers, which management cites as a key driver for being awarded new product categories. Projecting a return to normalized gross margins in 2026 as new retail programs scale and third-party procurement costs decline. Developing a state-of-the-art RTD manufacturing initiative at the Midwest facility in partnership with Tetra Pak to meet massive scale requirements. Targeting the global RTD market, which is estimated at $842.5 billion in 2025 and projected to reach $1.26 trillion by 2033. Anticipating the RTD segment to deliver margins in the 20% to 30% range, significantly higher than the core produce business. Planning to reach the marketplace with new RTD products toward the tail end of 2027, focusing on sports, performance, and GLP-1 supportive nutrition. SG&A expenses increased to $15.3 million for the full year, primarily driven by non-recurring costs related to the NaturalShrimp asset acquisition. Reduced total debt by approximately $0.6 million year-over-year while improving stockholders' equity through preferred stock issuance. Identified the 'Pickle Party' brand as a 'sleeper' category with significant growth potential within the expanded CPG portfolio. Secured first international CPG shipment of Kick Sports Nutrition to PriceSmart, marking a strategic entry into markets beyond domestic retail. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management expects CPG and RTD products to provide more robust and stable margins because they avoid the 'shrink' issues inherent in fresh produce. Core CEA business is expected to return to high single-digit growth, while the nutraceutical business is trending toward 20% year-over-year growth. Blended margins for the co-manufactured nutraceutical portfolio are expected to land in the low double digits to mid-teens. The initial focus will be on the protein segment, including private label development for a major retailer and the company's own 'Kick' and 'Jealousy' brands. Management aims to 'sell out' the plant's capacity within the next 90 days, targeting a capacity of hundreds of millions of units within a few years. The facility will split production between proprietary brands, co-manufacturing for third parties, and private label products for major supermarket chains. The company is working with local and state authorities to secure incentives for the significant CapEx required to retrofit the building and purchase machinery. Management declined to provide specific dollar figures for CapEx but emphasized their experience with similar large-scale projects in New Jersey and Grand Rapids. The facility is expected to be operational and serving the marketplace by late 2027. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Fiscal Year 2025 total revenue increased 3.5% and comparable store sales excluding fuel increased 2.1% SUNBURY, Pa., March 12, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week fourth quarter and 52-week fiscal year ended December 27, 2025. "Despite ongoing cautious customer spending, our Company achieved strong year-over-year sales growth, supported by significant price investments and record capital expenditures that enabled five new store openings and seven major remodels. We also delivered a 21% increase in e-commerce sales while benefitting from elevated pharmacy volume following a competitor's market exit," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. "In 2025, long-term investing remained a priority as we continued to support our future growth. Our store, supply chain and support associates helped us improve efficiencies and incorporate technologies that promote a superior customer experience. We are proud of our associates and grateful for their many contributions," said Mr. Weis. 2025 Annual Report on Form 10-K As previously disclosed, the Company required additional time to complete its review and analysis of the impact to, and associated restatement of, its historical financial statements related to the incorrect recording of certain overstated inventory amounts. The Company has now completed this work, and the restated financial statements are reflected in this news release and further detailed in its 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2026. Fourth Quarter 2025 Results Total revenue was $1.30 billion for the 13-week fourth quarter ended December 27, 2025, compared to $1.23 billion for the same period in 2024, a 5.0% increase. Fourth quarter comparable store sales excluding fuel increased 2.5% on an individual year-over-year basis and increased 3.6% on a two-year stacked basis. The Company's fourth quarter net income was $31.96 million compared to $33.70 million in 2024, a 5.1% decrease. Adjusted for the weighted-average shares outstanding for the applicable reporting period, fourth quarter earnings per share were $1.24 compared to $1.25 per share for the same period in 2024. Fiscal Year 2025 Results Total revenue was $4.96 billion for the 52-week fiscal year ended December 27, 2025, compared to $4.79 billion for the same period in 2024, a 3.5% increase. Fiscal year 2025 comparable store sales excluding fuel increased 2.1% on an individual year-over-year basis and increased 4.0% on a two-year stacked basis. The Company's fiscal year 2025 net income was $93.69 million compared to $106.02 million in 2024, a 11.6% decrease. Adjusted for the weighted-average shares outstanding for the applicable reporting period, fiscal year 2025 earnings per share were $3.65 compared to $3.94 per share for the same period in 2024. Quarterly Cash Dividend The Weis Markets, Inc. Board of Directors declared on February 5, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of February 17, 2026, payable on March 3, 2026. About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 202 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets. 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; price pressures; further expenditures related to the restatement of our financial statements; and the results of any shareholder actions associated with the restatement. 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-reports-fourth-quarter-and-fiscal-year-2025-results-302712905.html

SUNBURY, Pa., Feb. 25, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) (the "Company") today announced that it will delay the filing of its Annual Report on Form 10-K for the 52-week fiscal year ended December 27, 2025. The filing is delayed because the Company requires additional time to complete a review and analysis of the impact to, and associated restatement of, its historical financial statements related to the incorrect recording of certain overstated inventory amounts. The Company continues to work diligently to complete the remaining review and restatement procedures. The Company expects to file its Annual Report on Form 10–K for the 52–week fiscal year ended December 27, 2025, including all required restated financial statements, no later than March 12, 2026; however, the timing of the filing may be subject to further delay, and the Company cannot provide assurance regarding the definitive filing date while this work remains in progress. At this time, the Company estimates that the incorrect recording of overstated inventory is up to $22 million as of the quarter ended September 27, 2025 which is an aggregation of an error that accumulated over multiple reporting periods. As of the quarter ended September 27, 2025, the aggregated estimate amount represents approximately 6.7% of Inventories within Current Assets and approximately 1.1% of Total Assets on the Consolidated Balance Sheet. These estimated adjustments are preliminary, and while the Company currently expects to report such estimated adjustments, there can be no assurance that the final adjustments made as part of any restatement will not differ materially from these estimates. In the interest of providing shareholders with relevant and timely information, the Company is disclosing certain preliminary unaudited net sales results. Net sales and other revenue totaled $4.96 billion for the 52–week fiscal year ended December 27, 2025, compared with $4.79 billion for the 52–week fiscal year ended December 28, 2024, an increase of 3.5 percent. Fiscal year 2025 comparable store sales excluding fuel increased 2.1 percent on an individual year–over–year basis and increased 4.0 percent on a two–year stacked basis. About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating 203 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets. 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-inc-reports-delay-of-annual-report-on-form-10-k-for-the-fiscal-year-ended-december-27-2025-302697607.html

Company's third quarter comparable store sales excluding fuel increased 2.5 percent SUNBURY, Pa., Nov. 4, 2025 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) today reported its financial results for the 13-week third quarter and 39-week year-to-date period ended September 27, 2025. "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 Jonathan H. Weis. "Despite ongoing cautious consumer spending and macroeconomic uncertainty in the third quarter, our team increased net sales and gross profits through successful customer engagement and operational excellence. We are also focused on prudent cost management." Mr. Weis added, "We continue to make significant investments in our associates, technologies, and facilities that will improve efficiencies, enhance customer experience, and generate long-term shareholder value." Third Quarter 2025 Results Net sales and other revenue totaled $1.24 billion for the 13-week third quarter ended September 27, 2025, compared to $1.19 billion for the same period in 2024, up 4.4 percent. Third quarter comparable store sales excluding fuel increased 2.5 percent on an individual year-over-year basis and increased 5.5 percent on a two-year stacked basis. The Company's third quarter net income totaled $18.23 million compared to $25.84 million in 2024, down 29.4 percent. Adjusted for the weighted-average shares outstanding for the applicable reporting period, third quarter earnings per share totaled $0.74 compared to $0.96 per share for the same period in 2024. The third quarter net income in 2024 included a $4.58 million pre-tax gain on disposition of fixed assets. Year-To-Date 2025 Results Net sales and other revenue totaled $3.66 billion for the 39-week year-to-date period ended September 27, 2025, compared to $3.56 billion for the same period in 2024, up 2.9 percent. Year-to-date comparable store sales excluding fuel increased 1.9 percent on an individual year-over-year basis and increased 4.1 percent on a two-year stacked basis. The Company's year-to-date net income totaled $65.24 million, compared to $75.26 million in 2024, down 13.3 percent. Adjusted for the weighted-average shares outstanding for the applicable reporting period, year-to-date earnings per share totaled $2.51 compared to $2.80 per share for the same period in 2024. The year-to-date net income amount this year included $1.24 million in pre-tax related party share purchase agreement transaction expenses, while the year-to-date net income amount in 2024 included a $4.58 million pre-tax gain on disposition of fixed assets. Quarterly Cash Dividend The Weis Markets, Inc. Board of Directors declared on October 30, 2025, a quarterly cash dividend of $0.34 per share to shareholders of record as of November 10, 2025, payable on November 24, 2025. About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 201 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets. 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-reports-third-quarter-2025-results-302604703.html