Weis Markets reports Q3 EPS 96c vs. 86c last year

Reports Q3 revenue $1.19B vs. $1.16B last year. “We continue to make progress in a post-inflationary environment affecting our year-over-year comparisons”, said Weis Markets (WMK), Inc. Chairman, President, and CEO Jonathan H. Weis. “Despite the challenge, we posted a solid comparable store sales increase in the period and generated net income results that remain in line with our expectations. We attribute our results to our popular Weis Rewards loyalty marketing program, continuing investments in our Low, Low Price program of more than 10,000 high-demand products which added 448 household essential items across eight non-food categories during the period, and disciplined store-level efficiencies that help us effectively balance customer experience and cost management. The hard work and commitment of our associates have been crucial to our progress.”