#United States #financial results #Weis Markets #Q1 2025 #Sunbury

Weis Markets Reports First Quarter 2025 Financial Results

Weis Markets, Inc. has released its financial results for the first quarter of 2025, demonstrating resilience amidst an uncertain economic landscape. For the 13-week period ending March 29, 2025, the company's net sales reached an impressive $1.20 billion, reflecting a 1.6% increase from $1.18 billion during the same timeframe in 2024. Notably, when adjusted for the shift of the Easter holiday's timing, which occurred in the first quarter of 2024 and will fall in the second quarter of 2025, net sales grew by 2.7%.

Jonathan H. Weis, Chairman, President, and CEO of Weis Markets, expressed optimism regarding the company’s performance despite ongoing economic challenges. He highlighted that the growth can be attributed to a combination of regional weather conditions boosting sales, strategic pricing investments, and an active loyalty marketing campaign.

In more detail, the first quarter of 2025 saw comparable store sales, excluding fuel, rise by 1.0% year-over-year and increase by 4.3% when evaluating the two-year stacked basis. These positive trends outline the retailer's ability to navigate complexities in the marketplace effectively. However, net income for the quarter declined by 11.6%, totaling $20.48 million compared to $23.17 million the previous year. This translated to earnings per share of $0.76, down from $0.86 per share in 2024.

Annual Meeting Insights

Weis Markets also conducted its Annual Meeting of Shareholders on May 1, 2025, in Sunbury, Pennsylvania. During this meeting, Mr. Weis elaborated on the company’s growth trajectory, marked by significant investments in capital projects aimed at enhancing both associate and shareholder value. In 2024 alone, the company completed 17 notable projects, which included six major remodels and various improvements across their operational footprint.

Looking ahead to 2025, Weis Markets is set to open four new stores, the first additions since 2022. Three of these new locations will be situated in Maryland communities—Lake Linganore, Charlotte Hall, and Waldorf—while one will be established in Middletown, Delaware. Each of these stores will span over 60,000 square feet and are designed to feature expansive fresh food departments, fuel centers, and sustainable technologies, showcasing Weis Markets' commitment to innovation and community engagement.

Dividend Declaration

In addition to its financial results, the Board of Directors announced a quarterly cash dividend of $0.34 per share on May 1, 2025, which will be payable to shareholders of record as of May 12, 2025. This action signifies the company's continued dedication to returning value to its shareholders while sustaining its growth initiatives.

Conclusion

Overall, Weis Markets' performance in the first quarter of 2025 reflects a cautious but optimistic viewpoint on its direct involvement in the market. The strategic focus on investment, improvements, and community-aligned initiatives underlines its commitment to long-term growth and customer satisfaction. As Weis Markets continues to adapt and thrive in an ever-changing environment, its stakeholders can expect an ongoing commitment to excellence and innovation.

For more detailed information on Weis Markets, please visit WeisMarkets.com or follow them on Facebook.