Weis Markets (NYSE: WMK) posts 2025 sales growth but lower profit after restatement
Rhea-AI Filing Summary
Weis Markets, Inc. reported higher sales but lower profits for the fourth quarter and fiscal year 2025. Fourth quarter total revenue rose to $1.30 billion, up 5.0% from 2024, while comparable store sales excluding fuel grew 2.5%. However, fourth quarter net income slipped to $31.96 million and earnings per share were $1.24, roughly flat versus $1.25 a year earlier.
For the full year 2025, total revenue increased to $4.96 billion, a 3.5% gain, and comparable store sales excluding fuel were up 2.1%. Full-year net income declined to $93.69 million, down 11.6%, with earnings per share of $3.65 versus $3.94 in 2024. The company also disclosed that it completed a restatement of historical financial statements related to incorrectly recorded, overstated inventory amounts, which are now reflected in its 2025 Form 10-K. The board declared a quarterly cash dividend of $0.34 per share.
Positive
- None.
Negative
- Full-year profitability declined: Fiscal 2025 net income fell 11.6% to $93.69 million, and earnings per share decreased from $3.94 to $3.65, indicating margin pressure despite revenue growth.
- Financial statement restatement: The company completed a restatement of historical financial statements due to incorrectly recorded, overstated inventory amounts, now reflected in the 2025 Form 10-K, which may heighten focus on accounting controls.
Insights
Sales grew modestly, but earnings fell double digits amid an inventory-related restatement.
Weis Markets delivered steady top-line growth in 2025, with total revenue up 3.5% to $4.96 billion and comparable store sales excluding fuel rising 2.1%. Fourth quarter revenue grew 5.0%, suggesting the banner remains competitive despite cautious customer spending.
Profitability weakened, as full-year net income declined 11.6% to $93.69 million and earnings per share slipped from $3.94 to $3.65. Management highlighted price investments, record capital expenditures, new stores, and remodels, which support growth but add near-term cost pressure.
The company also completed a restatement of historical financial statements tied to incorrectly recorded overstated inventory amounts, now reflected in its 2025 Form 10-K filed on March 12, 2026. This type of correction can raise scrutiny of controls and accounting quality. A maintained quarterly dividend of $0.34 per share signals ongoing cash returns while investors assess the impact of lower earnings and the restatement on future results.
8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 13, 2026 (
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Item 2.02 Results of Operations and Financial Condition.
On March 12, 2026, the Company released its earnings for the fourth quarter and fiscal year ended December 27, 2025. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit.
99.1 Weis Markets, Inc. March 12, 2026, news release announcing the fourth quarter and fiscal year ended December 27, 2025 earnings.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WEIS MARKETS, INC. | ||
By: /s/ Michael T. Lockard | ||
Name: Michael T. Lockard | ||
Title: Senior Vice President, Chief Financial Officer and Treasurer | ||
(Principal Financial Officer) | ||
| ||
Dated: March 13, 2026 |
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Dennis Curtin
Weis Markets, Inc.
570-847-3636
dennis.curtin@weismarkets.com
WEIS MARKETS REPORTS FOURTH QUARTER AND FISCAL YEAR 2025 RESULTS
Fiscal Year 2025 total revenue increased 3.5% and comparable store sales excluding fuel increased 2.1%
Sunbury, PA (March 12, 2026) – Weis Markets, Inc. (NYSE: WMK) (“Weis Markets”, or the “Company”) today reported its financial results for the 13-week fourth quarter and 52-week fiscal year ended December 27, 2025.
“Despite ongoing cautious customer spending, our Company achieved strong year-over-year sales growth, supported by significant price investments and record capital expenditures that enabled five new store openings and seven major remodels. We also delivered a 21% increase in e-commerce sales while benefitting from elevated pharmacy volume following a competitor’s market exit,” said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis.
“In 2025, long-term investing remained a priority as we continued to support our future growth. Our store, supply chain and support associates helped us improve efficiencies and incorporate technologies that promote a superior customer experience. We are proud of our associates and grateful for their many contributions,” said Mr. Weis.
2025 Annual Report on Form 10-K
As previously disclosed, the Company required additional time to complete its review and analysis of the impact to, and associated restatement of, its historical financial statements related to the incorrect recording of certain overstated inventory amounts. The Company has now completed this work, and the restated financial statements are reflected in this news release and further detailed in its 2025 Annual Report on Form 10 K filed with the Securities and Exchange Commission on March 12, 2026.
Fourth Quarter 2025 Results
Total revenue was $1.30 billion for the 13-week fourth quarter ended December 27, 2025, compared to $1.23 billion for the same period in 2024, a 5.0% increase. Fourth quarter comparable store sales excluding fuel increased 2.5% on an individual year-over-year basis and increased 3.6% on a two-year stacked basis.
The Company’s fourth quarter net income was $31.96 million compared to $33.70 million in 2024, a 5.1% decrease. Adjusted for the weighted-average shares outstanding for the applicable reporting period, fourth quarter earnings per share were $1.24 compared to $1.25 per share for the same period in 2024.
Fiscal Year 2025 Results
Total revenue was $4.96 billion for the 52-week fiscal year ended December 27, 2025, compared to $4.79 billion for the same period in 2024, a 3.5% increase. Fiscal year 2025 comparable store sales excluding fuel increased 2.1% on an individual year-over-year basis and increased 4.0% on a two-year stacked basis.
The Company’s fiscal year 2025 net income was $93.69 million compared to $106.02 million in 2024, a 11.6% decrease. Adjusted for the weighted-average shares outstanding for the applicable reporting period, fiscal year 2025 earnings per share were $3.65 compared to $3.94 per share for the same period in 2024.
Quarterly Cash Dividend
The Weis Markets, Inc. Board of Directors declared on February 5, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of February 17, 2026, payable on March 3, 2026.
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About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 202 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.
In addition to historical information, this news release may contain forward-looking statements, which are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; tariffs and trade policies; business conditions and trends in the retail industry; the regulatory environment; rapidly changing technology, including cybersecurity and data privacy risks, and competitive factors, including increased competition with regional and national retailers; price pressures; further expenditures related to the restatement of our financial statements; and the results of any shareholder actions associated with the restatement. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect Management’s analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the Company files periodically with the Securities and Exchange Commission. Management is also providing a two-year stacked comparable store sales analysis, a non-GAAP measure, because Management believes this metric is useful to investors and analysts. It is not recommended that the two-year-stacked analysis be considered a substitute for the Company’s operating results as reported in accordance with GAAP.
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WEIS MARKETS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Fourth Quarter – 2025
(Unaudited)
| | 13 Weeks Ended | 52 Weeks Ended | ||||||||||
(amounts in thousands, except shares and per share amounts) | | | December 27, 2025 | | | December 28, 2024 | | | December 27, 2025 | | | December 28, 2024 | |
Net sales | | $ | 1,289,882 | | $ | 1,228,024 | | $ | 4,939,373 | | $ | 4,773,880 | |
Other revenue | | | 5,948 | | | 5,675 | | | 18,336 | | | 17,850 | |
Total revenue | | | 1,295,830 | | | 1,233,699 | | | 4,957,709 | | | 4,791,730 | |
Cost of sales, including advertising, warehousing and distribution expenses | | | 967,751 | | | 920,008 | | | 3,717,846 | | | 3,592,980 | |
Gross profit on sales | | | 328,079 | | | 313,691 | | | 1,239,863 | | | 1,198,750 | |
Operating, general and administrative expenses | | | 287,003 | | | 272,725 | | | 1,126,210 | | | 1,072,364 | |
Income from operations | | | 41,076 | | | 40,966 | | | 113,653 | | | 126,386 | |
Investment income (loss) and interest expense | | | 1,716 | | | 4,508 | | | 14,697 | | | 21,970 | |
Other income (expense) | | | (1,033) | | | 20 | | | (4,403) | | | (3,409) | |
Income before provision for income taxes | | | 41,759 | | | 45,494 | | | 123,947 | | | 144,947 | |
Provision for income taxes | | | 9,798 | | | 11,800 | | | 30,256 | | | 38,923 | |
Net income | | $ | 31,961 | | $ | 33,695 | | $ | 93,691 | | $ | 106,024 | |
| | | | | | | | | | | | | |
Weighted-average shares outstanding, basic and diluted | | | 25,685,425 | | | 26,898,443 | | | 25,685,425 | | | 26,898,443 | |
Cash dividends per share | | $ | 0.34 | | $ | 0.34 | | $ | 1.36 | | $ | 1.36 | |
Basic and diluted earnings per share | | $ | 1.24 | | $ | 1.25 | | $ | 3.65 | | $ | 3.94 | |
WEIS MARKETS, INC.
TWO-YEAR STACKED COMPARABLE STORE SALES
Fourth Quarter – 2025
(Unaudited)
| | Percentage Change | ||||
| | Fourth Quarter Ended | ||||
December 27, 2025 | | | 2025 vs. 2024 | | 2024 vs. 2023 | |
Comparable store sales, excluding fuel (individual year) | | | 2.5 | % | 1.1 | % |
Comparable store sales, excluding fuel (two-year stacked) | | | 3.6 | | | |
Comparable store sales (individual year) | | | 2.9 | | 0.8 | % |
Comparable store sales (two-year stacked) | | | 3.7 | % | | |
| | | | | | |
| | Percentage Change | ||||
| | Year Ended | ||||
December 27, 2025 | | | 2025 vs. 2024 | | 2024 vs. 2023 | |
Comparable store sales, excluding fuel (individual year) | | | 2.1 | % | 1.9 | % |
Comparable store sales, excluding fuel (two-year stacked) | | | 4.0 | | | |
Comparable store sales (individual year) | | | 2.0 | | 1.7 | % |
Comparable store sales (two-year stacked) | | | 3.7 | % | | |