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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Weis Markets's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Weis Markets's position in the market.
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.