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. reports company developments tied to its Mid-Atlantic supermarket business, including quarterly and annual operating results, comparable store sales excluding fuel, dividend declarations and capital spending. The company retails groceries, fresh foods, pharmacy services, fuel and related merchandise through stores in Pennsylvania and surrounding states.
News about WMK also covers store openings and remodels, e-commerce activity, pharmacy volume, price investments, technology and facility upgrades, and shareholder meeting items. Recent company updates have also addressed financial reporting matters, including restated historical financial statements related to overstated inventory amounts.
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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