Weis Markets Reports First Quarter 2026 Results

Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week first quarter ended March 28, 2026. "We continue to invest in a broader promotional offering and an enhanced loyalty marketing program to deliver greater value for our customers, while our facility and technology investments are helping us lower costs, manage expenses, and elevate the customer experience," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. "Together, these efforts contributed to higher comparable sales and income in the first quarter. We are grateful to our associates, whose hard work makes these solid results possible," said Mr. Weis. First Quarter 2026 Results Total revenue was $1.26 billion for the 13-week first quarter ended March 28, 2026, compared to $1.20 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $7.48 million due to pricing headwinds associated with the Inflation Reduction Act Medicare maximum fair price (MFP) provisions that became effective January 1, 2026 on ten drugs. First quarter comparable store sales excluding fuel increased 1.2% on an individual year-over-year basis and increased 2.2% on a two-year stacked basis. The Company's first quarter net income was $27.85 million compared to $19.55 million in 2025, a 42.5% increase. Adjusted for the weighted-average shares outstanding for the applicable reporting period, first quarter earnings per share were $1.13 compared to $0.73 per share for the same period in 2025. Annual Meeting of Shareholders Weis Markets, Inc. held its Annual Meeting of Shareholders in Sunbury, Pennsylvania, on April 30, 2026. At the meeting, Chairman, President, and CEO Jonathan H. Weis reviewed the Company's results and growth, highlighting record investments in its long term capital expenditure program designed to create opportunities for associates and enhance shareholder value. "In 2025, we delivered 17 large projects, including five new stores, seven major remodels, and five fuel centers," said Mr. Weis. "In addition, we completed more than 1,000 smaller store and facility projects, including new energy efficient HVAC systems, refrigerated cases, and front end upgrades. These investments help us operate more efficiently and promote a superior customer shopping experience." Quarterly Cash Dividend The Weis Markets, Inc. Board of Directors declared on April 30, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of May 11, 2026, payable on May 26, 2026.... Read more

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