Quarterly ResultAug 6, 2026, 10:31 AM
Weis Markets Q2 Net Sales $1.27B; H1 EPS $2.05
AI Summary
Weis Markets reported mixed results for the second quarter, with net sales increasing 4.6% to $1.27 billion, but net income declining 9.6% to $22.86 million and diluted EPS falling 4.2% to $0.92. However, for the first half of fiscal 2026, the company saw stronger performance, with net sales up 4.6% to $2.52 billion, net income increasing 13.1% to $50.71 million, and diluted EPS rising 21.3% to $2.05. Comparable store sales for the 26-week period grew 2.2% year-over-year.
Key Highlights
- Net sales for the 26 weeks ended June 27, 2026, increased 4.6% to $2.52 billion.
- Net income for the 26 weeks rose 13.1% to $50.71 million.
- Diluted EPS for the 26 weeks was $2.05, up 21.3% from $1.69.
- Comparable store sales for the 26 weeks increased 2.2% year-over-year and 3.6% on a two-year stacked basis.
- Net sales for the 13 weeks ended June 27, 2026, increased 4.6% to $1.27 billion.
- Net income for the 13 weeks decreased 9.6% to $22.86 million.
- Diluted EPS for the 13 weeks was $0.92, down 4.2% from $0.96.
- Net cash provided by operating activities for the 26 weeks was $95.30 million, up from $61.42 million.
Price Impact
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