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 Mid-Atlantic food retailer in the supermarket and grocery sector, operating around 200 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia. This news page aggregates company-issued announcements and market-moving updates related to Weis Markets’ operations and financial performance.
Visitors can review quarterly and annual earnings releases, where Weis Markets reports net sales, total revenue, net income, earnings per share and comparable store sales metrics, including measures that exclude fuel and two-year stacked comparable store sales. These releases often discuss factors such as cautious consumer spending, macroeconomic conditions, price investments, loyalty marketing programs and the impact of holiday timing on reported results.
The news feed also includes dividend declarations from the Weis Markets Board of Directors, which has repeatedly announced a quarterly cash dividend of $0.34 per share with specified record and payment dates. In addition, readers can find information on capital allocation and governance events, such as the 2025 share purchase agreement in which the company bought more than two million shares of its common stock from trusts affiliated with members of the Weis family, as well as leadership updates like the promotion of a Chief Operating Officer.
Operational updates appear in management commentary and earnings releases, including references to new store openings, store remodels, fuel center projects and capital expenditure programs in Mid-Atlantic markets. For investors, analysts and customers, this page offers a centralized view of Weis Markets’ official communications, helping them follow developments in the company’s supermarket operations and financial reporting over time.
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.
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