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, Inc. (NYSE: WMK) has declared a quarterly dividend of $.32 per share for shareholders of record as of July 25, 2022, with the payment scheduled for August 8, 2022. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
Weis Markets (WMK) reported a 9.4% increase in comparable store sales for Q1 2022, reflecting strong financial results despite inflationary pressures. Net sales rose to $1.1 billion, a 9.7% increase year-over-year. Net income jumped 29.4% to $31.4 million, with earnings per share at $1.17, up from $0.90 in 2021. The company maintained stable gross profit margins and effectively managed expenses, showcasing the commitment of its associates in a challenging market influenced by the pandemic.
Weis Markets, Inc. (NYSE: WMK) has declared a quarterly dividend of $.32 per share for shareholders of record as of May 9, 2022. The dividend is set to be paid on May 23, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
Weis Markets, Inc. (NYSE: WMK) reported strong financial results for Q4 and fiscal year 2021, with net sales of $1.1 billion for Q4, up 8.0% year-over-year, and a record $4.2 billion for the full year, a 2.7% increase. Q4 net income rose to $22.6 million (16.4% increase), with EPS at $0.84. However, full-year net income was $108.8 million, down 8.5% from last year. The company invested over $150 million in capital expenditures for growth, including new stores and remodels, positioning itself for future profitability.
Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend of $.32 per share, payable to shareholders of record by February 14, 2022, with the payment date set for February 28, 2022. The company operates 198 stores in several Mid-Atlantic states including Pennsylvania, Maryland, and Virginia. This dividend declaration reflects the company's commitment to returning value to its shareholders as it continues to expand its market presence.
Weis Markets (NYSE: WMK) reported net sales of $1.1 billion for Q3 2021, reflecting a 6.1% increase year-over-year. However, net income declined to $28.5 million, down 9.0% from $31.3 million in 2020, resulting in earnings per share of $1.06. Year-to-date net sales totaled $3.1 billion, up 1.0%, but net income fell 13.3% to $86.2 million. Despite challenges like labor shortages and supply chain issues, the company plans to boost capital expenditures by 11.1% to $150 million and announced a 3.2% dividend increase.
Weis Markets, Inc. (NYSE: WMK) announced a quarterly dividend of $.32 per share. Shareholders of record will receive the dividend on November 22, 2021, following the cutoff date of November 8, 2021. As a Mid-Atlantic food retailer, Weis operates 197 stores across several states including Pennsylvania, Maryland, and New York. The company continues to demonstrate its commitment to returning value to shareholders through consistent dividend payments.
Weis Markets, Inc. (NYSE: WMK) announced the selection of Collaborative Solutions to implement Workday Financial Management and Workday Human Capital Management systems. This partnership aims to enhance operational efficiency in finance and HR processes, allowing teams to focus on strategic initiatives. Key benefits include improved decision-making capabilities, real-time financial insights, and enhanced employee experience, ultimately supporting business growth. The collaboration is expected to drive future business value and agility as Weis adapts to changing consumer demands.
Weis Markets, Inc. (NYSE: WMK) reported Q2 2021 net sales of $1.0 billion, a 4.7% decrease from $1.1 billion in Q2 2020. Comparable store sales dropped 5.8% year-over-year, but rose 18.3% on a two-year basis. Net income fell to $33.5 million (down 19.3% from $41.5 million in 2020), with earnings per share at $1.24 versus $1.54 previously. Year-to-date sales were $2.1 billion, down 1.5%. The company plans to invest through a $135 million capital expenditure program, including new store openings in Pennsylvania.
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