Welcome to our dedicated page for Weis Markets news (Ticker: WMK), a resource for investors and traders seeking the latest updates and insights on Weis Markets stock.
Weis Markets, Inc. (NYSE: WMK), a leading Mid-Atlantic grocery retailer with over 160 stores, provides shareholders and industry observers with timely updates through this dedicated news hub. Access official press releases and curated coverage spanning financial results, store expansions, technology implementations, and community initiatives.
This resource serves investors analyzing WMK's market position, vendors tracking partnership opportunities, and customers monitoring service enhancements. Key updates include quarterly earnings disclosures, leadership announcements, sustainability efforts, and operational milestones reflecting the company's customer-first strategy in competitive grocery retail markets.
Regularly updated content covers essential developments across Weis Markets' core operations: fresh food innovations, pharmacy network growth, fuel center developments, and Weis Rewards program enhancements. Users gain insights into management decisions impacting the company's regional dominance and long-term shareholder value.
Bookmark this page for efficient tracking of WMK's strategic direction within the evolving retail landscape. Combine these verified updates with SEC filings and earnings call transcripts for comprehensive investment research.
Weis Markets (NYSE: WMK) reported strong financial results for Q4 and fiscal year 2024. The company's net sales reached $4.77 billion for FY2024, up 1.6% from 2023, with comparable store sales excluding fuel increasing 1.9%. E-commerce sales surged 46% year-over-year.
Q4 net sales totaled $1.23 billion, up 1.2% from 2023, with comparable store sales excluding fuel up 1.1%. Q4 net income rose significantly to $34.68 million (69% increase), with earnings per share of $1.29. FY2024 net income reached $109.94 million, a 5.9% increase from 2023, with EPS of $4.09.
The company completed 12 major store development projects, acquired and converted two stores, and began construction of four new stores. The Board declared a quarterly dividend of $0.34 per share, payable March 4, 2025.
Weis Markets (NYSE:WMK) has announced its Board of Directors has declared a quarterly dividend of $0.34 per share. The dividend will be payable on March 4, 2025, to shareholders of record as of February 18, 2025. This dividend announcement demonstrates the company's continued commitment to providing regular returns to its shareholders.
Weis Markets (NYSE: WMK) has promoted Bob Gleeson to Chief Operating Officer (COO). In his new role, Gleeson will oversee multiple key departments including merchandising, marketing, advertising, store operations, information technology, asset protection, pharmacy, and supply chain operations including distribution, transportation and manufacturing.
Gleeson, who joined Weis Markets in 2018, brings 32 years of industry experience to the position. His career progression at Weis Markets includes serving as Vice President of Fresh Merchandising in 2019 and Senior Vice President of Merchandising and Marketing in 2021. Prior to joining Weis Markets, he held senior leadership positions at SuperValu, including Vice President of Center Store, Senior Vice President of Merchandising, and Division President.
Weis Markets (NYSE: WMK) reported Q3 2024 results with net sales of $1.19 billion, up 2.2% from Q3 2023. Comparable store sales excluding fuel increased 3.0% year-over-year. Net income reached $25.84 million (including a $4.58 million gain on fixed assets), up 11.3% from 2023, with earnings per share of $0.96. Year-to-date net sales totaled $3.55 billion, up 1.8%, while net income decreased 9.7% to $75.26 million. The company declared a quarterly dividend of $0.34 per share.
Weis Markets (NYSE:WMK) has announced its Board of Directors has declared a quarterly dividend of $0.34 per share. The dividend will be payable on November 26, 2024, to shareholders of record as of November 12, 2024.
Weis Markets (NYSE: WMK) reported its Q2 2024 financial results, with net sales totaling $1.18 billion, up 0.2% year-over-year. The Easter holiday shift negatively impacted sales by an estimated $14 million or 1.2%. Comparable store sales increased 0.5% year-over-year and 4.0% on a two-year stacked basis. Q2 net income was $26.26 million, down 23.4% from 2023, with earnings per share at $0.98.
For the year-to-date period, net sales reached $2.36 billion, up 1.6% from 2023. Comparable store sales increased 1.8% year-over-year and 5.1% on a two-year stacked basis. Year-to-date net income was $49.42 million, down 17.7%, with earnings per share at $1.84. The company declared a quarterly cash dividend of $0.34 per share.
Weis Markets (NYSE: WMK) has announced a quarterly dividend of $0.34 per share. The dividend will be payable on August 12, 2024, to shareholders of record as of July 29, 2024. This announcement demonstrates Weis Markets' commitment to providing regular returns to its shareholders, maintaining its dividend policy despite challenging market conditions. The consistent dividend payout may be seen as a sign of the company's financial stability and confidence in its future performance.
Weis Markets, Inc. (NYSE: WMK) reported a 2.9% increase in net sales totaling $1.18 billion for the first quarter of 2024. Comparable store sales excluding fuel rose by 3.3%, with a 6.9% increase on a two-year stacked basis. However, net income decreased by 10.3% to $23.17 million, and earnings per share dropped to $0.86 from $0.96 in 2023. The company attributed these results to the Easter holiday shift and marketplace trends affecting product costs, third-party services inflation, and changes in government benefits.
Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend of $.34 per share for shareholders of record as of May 13, 2024. The dividend will be payable on May 28, 2024.
