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), a leading Mid-Atlantic grocery retailer with over 160 stores, provides shareholders and industry observers with timely updates through this dedicated news hub. Access official press releases and curated coverage spanning financial results, store expansions, technology implementations, and community initiatives.
This resource serves investors analyzing WMK's market position, vendors tracking partnership opportunities, and customers monitoring service enhancements. Key updates include quarterly earnings disclosures, leadership announcements, sustainability efforts, and operational milestones reflecting the company's customer-first strategy in competitive grocery retail markets.
Regularly updated content covers essential developments across Weis Markets' core operations: fresh food innovations, pharmacy network growth, fuel center developments, and Weis Rewards program enhancements. Users gain insights into management decisions impacting the company's regional dominance and long-term shareholder value.
Bookmark this page for efficient tracking of WMK's strategic direction within the evolving retail landscape. Combine these verified updates with SEC filings and earnings call transcripts for comprehensive investment research.
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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