WEIS MARKETS REPORTS SECOND QUARTER 2025 RESULTS
Company's second quarter net sales, adjusted for Easter holiday shift, increased 1.6 percent
"Our second quarter 2025 results, adjusted for the financial impact of the year-over-year Easter holiday shift and related party share purchase agreement transaction, are in line with our expectations during a time of continuing market changes and macroeconomic uncertainty," said
Second Quarter 2025 Results
Net sales and other revenue totaled
The Company's second 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
About
Founded in 1912,
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
CONDENSED CONSOLIDATED STATEMENTS OF INCOME |
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Second Quarter – 2025 (Unaudited) |
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13 Weeks Ended |
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26 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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$ |
1,214,479 |
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$ |
1,181,456 |
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$ |
2,411,284 |
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$ |
2,360,370 |
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Other revenue |
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4,317 |
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4,263 |
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8,288 |
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8,300 |
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Total revenue |
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1,218,796 |
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1,185,719 |
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2,419,572 |
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2,368,670 |
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Cost of sales, including advertising, warehousing and |
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910,431 |
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886,695 |
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1,811,706 |
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1,774,636 |
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Gross profit on sales |
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308,365 |
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299,024 |
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607,866 |
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594,034 |
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Operating, general and administrative expenses |
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276,428 |
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266,535 |
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552,894 |
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534,182 |
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Income from operations |
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31,937 |
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32,489 |
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54,972 |
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59,852 |
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Investment income (loss) and interest expense |
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5,294 |
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4,062 |
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9,705 |
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9,613 |
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Other income (expense) |
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(2,163) |
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(407) |
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(1,805) |
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(1,808) |
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Income before provision for income taxes |
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35,068 |
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36,144 |
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62,872 |
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67,657 |
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Provision for income taxes |
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8,541 |
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9,885 |
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15,868 |
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18,233 |
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Net income |
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$ |
26,526 |
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$ |
26,259 |
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$ |
47,004 |
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$ |
49,424 |
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Weighted-average shares outstanding, basic and diluted |
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26,354,064 |
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26,898,443 |
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26,626,254 |
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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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$ |
0.68 |
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$ |
0.68 |
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Basic and diluted earnings per share |
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$ |
1.01 |
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$ |
0.98 |
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$ |
1.77 |
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$ |
1.84 |
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INDIVIDUAL YEAR-OVER-YEAR ANALYSIS OF SALES |
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Second Quarter – 2025 (Unaudited) |
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Percentage Change |
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2025 vs. 2024 |
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13 Weeks Ended |
26 Weeks Ended |
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Net sales |
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2.8 |
% |
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2.2 |
% |
Net sales, excluding fuel |
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3.2 |
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2.3 |
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Net sales, adjusted for Easter shift |
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1.6 |
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Comparable store sales (individual year) |
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1.8 |
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1.4 |
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Comparable store sales, excluding fuel (individual year) |
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2.3 |
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1.7 |
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Comparable store sales, adjusted for Easter shift (individual year) |
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0.6 |
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TWO-YEAR STACKED COMPARABLE STORE SALES |
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Second 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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1.8 |
% |
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0.5 |
% |
Comparable store sales (two-year stacked) |
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2.3 |
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Comparable store sales, excluding fuel (individual year) |
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2.3 |
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0.3 |
% |
Comparable store sales, excluding fuel (two-year stacked) |
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2.6 |
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Comparable store sales, adjusted for Easter shift (individual year) |
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0.6 |
% |
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Percentage Change |
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26 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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1.4 |
% |
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1.8 |
% |
Comparable store sales (two-year stacked) |
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3.2 |
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Comparable store sales, excluding fuel (individual year) |
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1.7 |
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1.8 |
% |
Comparable store sales, excluding fuel (two-year stacked) |
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3.5 |
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