Quarterly ResultMay 6, 2026, 08:42 AM
Weis Markets Q1 Revenue +4.6% to $1.26B; Net Income +42.5%
AI Summary
Weis Markets reported strong financial results for the first quarter ended March 28, 2026. Total revenue increased 4.6% to $1.26 billion, driven by a 1.2% rise in comparable store sales excluding fuel. Net income saw a significant 42.5% increase to $27.85 million, with diluted earnings per share reaching $1.13. The company highlighted investments in promotional offerings, loyalty programs, and facility upgrades to enhance customer experience and manage costs. Additionally, the Board of Directors declared a quarterly cash dividend of $0.34 per share.
Key Highlights
- Total revenue increased 4.6% to $1.26 billion for Q1 2026.
- Net income rose 42.5% to $27.85 million in Q1 2026.
- Diluted earnings per share were $1.13, up from $0.73 in Q1 2025.
- Comparable store sales excluding fuel increased 1.2% year-over-year.
- Two-year stacked comparable store sales excluding fuel increased 2.2%.
- Pharmacy revenue was unfavorably impacted by $7.48 million due to the Inflation Reduction Act.
- The Board declared a quarterly cash dividend of $0.34 per share.