Quarterly ResultMay 7, 2026, 02:35 PM
Weis Markets Q1 Net Income +42.5% to $27.85M; EPS $1.13
AI Summary
Weis Markets reported strong financial results for the first thirteen weeks ended March 28, 2026, with net income increasing by 42.5% to $27.85 million and diluted earnings per share rising to $1.13. Total net sales grew 4.6% to $1.25 billion, driven by a 2.1% increase in comparable store sales. The company also saw a significant improvement in cash flow from operating activities, which increased by $25.4 million.
Key Highlights
- Net income increased 42.5% to $27.85 million for the thirteen weeks ended March 28, 2026.
- Basic and diluted earnings per share rose 54.8% to $1.13.
- Total net sales grew 4.6% to $1.25 billion.
- Comparable store sales increased 2.1% (including fuel) for the period.
- Gross profit on sales increased 10.7% to $330.25 million.
- Income from operations surged 64.0% to $35.70 million.
- Net cash provided by operating activities increased by $25.4 million to $30.25 million.
- Declared a quarterly cash dividend of $0.34 per share.
Price Impact
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