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) is a prominent regional grocery chain headquartered in Sunbury, Pennsylvania, operating over 160 stores across Pennsylvania, Maryland, New Jersey, New York, and West Virginia. Founded in 1912, the company has a rich history in retailing food products, focusing primarily on providing quality center-store goods, fresh produce, pharmacy services, and fuel options to its customers. Weis Markets employs more than 18,000 individuals from diverse backgrounds, all committed to offering exceptional service to millions of customers annually.
The company’s product range includes groceries, dairy products, frozen foods, alcoholic beverages, and general merchandise as part of its center-store offerings. Its fresh goods segment features meats, seafood, floral arrangements, prepared foods, and bakery items. Together, these categories contribute significantly to Weis Markets’ overall revenue.
Weis Markets maintains a massive 1.1 million square foot warehouse in Milton, PA, ensuring seamless supply chain operations. Recent financial results reveal solid performance despite market challenges such as inflation and higher interest rates. For the second quarter of 2023, net sales reached $1.18 billion, marking a 3.8% increase from the previous year. However, net income for the quarter was $34.27 million, reflecting a 5.5% decrease from 2022.
Weis Markets continually invests in strategic growth to benefit its associates, customers, and shareholders. Recent initiatives include expanding the Low, Low Price program to offer everyday savings on over 10,000 products and making technological advancements to enhance business efficiencies. Additionally, the company announced plans for record investments in 2024, including the construction of six new stores, multiple store remodels, and new fuel centers.
For shareholders, Weis Markets declared a quarterly cash dividend of $0.34 per share, payable on various dates throughout 2023 and 2024. The company's commitment to prudent financial management and long-term growth strategies aims to deliver consistent value to its stakeholders.
Weis Markets also adheres to rigorous risk management and cybersecurity protocols, ensuring robust protection against various operational risks. The company is dedicated to maintaining transparency and regularly updates its shareholders and analysts through detailed financial reports.
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.
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