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, Inc. (NYSE: WMK) announced a quarterly dividend of $.32 per share. Shareholders of record will receive the dividend on November 22, 2021, following the cutoff date of November 8, 2021. As a Mid-Atlantic food retailer, Weis operates 197 stores across several states including Pennsylvania, Maryland, and New York. The company continues to demonstrate its commitment to returning value to shareholders through consistent dividend payments.
Weis Markets, Inc. (NYSE: WMK) announced the selection of Collaborative Solutions to implement Workday Financial Management and Workday Human Capital Management systems. This partnership aims to enhance operational efficiency in finance and HR processes, allowing teams to focus on strategic initiatives. Key benefits include improved decision-making capabilities, real-time financial insights, and enhanced employee experience, ultimately supporting business growth. The collaboration is expected to drive future business value and agility as Weis adapts to changing consumer demands.
Weis Markets, Inc. (NYSE: WMK) reported Q2 2021 net sales of $1.0 billion, a 4.7% decrease from $1.1 billion in Q2 2020. Comparable store sales dropped 5.8% year-over-year, but rose 18.3% on a two-year basis. Net income fell to $33.5 million (down 19.3% from $41.5 million in 2020), with earnings per share at $1.24 versus $1.54 previously. Year-to-date sales were $2.1 billion, down 1.5%. The company plans to invest through a $135 million capital expenditure program, including new store openings in Pennsylvania.
Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend of $.31 per share, with shareholders of record as of July 26, 2021. The dividend will be payable on August 9, 2021. This decision reflects the company’s ongoing commitment to returning value to its shareholders in a competitive Mid-Atlantic food retail market.
Weis Markets, Inc. (NYSE: WMK) reported a 2.1% increase in sales to $1.0 billion for the thirteen weeks ending March 27, 2021, compared to 2020. However, net income fell 9.1% to $24.3 million, with earnings per share at $0.90. Notably, sales were up 14.8% and net income up 69.6% compared to pre-pandemic levels in Q1 2019. The report reflects ongoing challenges from COVID-19, yet management remains positive about the company’s positioning as a food retailer.
Weis Markets, Inc. (NYSE:WMK) plans to invest $135 million in growth initiatives throughout 2021, as announced by CEO Jonathan H. Weis during the annual shareholder meeting in Sunbury, PA. The investment will focus on new stores, remodels, fuel centers, and IT upgrades. Recent achievements include a new store opening in Martinsburg, WV and the remodeling of a store in Gap, PA. The company's FY 2020 results showed a 16.1% increase in sales to $4.1 billion and a 74.9% surge in net income to $118.9 million.
Weis Markets, Inc. (NYSE:WMK) has announced a quarterly dividend of $.31 per share for shareholders of record as of May 10, 2021, payable on May 24, 2021. This reflects the company's commitment to returning value to its shareholders. Weis Markets operates 198 stores across the Mid-Atlantic region, including states like Pennsylvania, Maryland, and New York. Investors can find more information on their operations and performance at WeisMarkets.com.
Weis Markets, Inc. (WMK) reported total sales exceeding $4.1 billion for the fiscal year ending December 26, 2020, marking a 16.1% increase year-over-year. Comparable store sales rose 16.4%. Operating income surged by 92.8% to $163.2 million, and net income rose 74.9% to $118.9 million. Earnings per share increased to $4.42. The company attributed its success to enhanced e-commerce, increased in-home meal consumption during the pandemic, and strong performance in fresh departments. Fourth quarter sales grew by 13.7% to $1.0 billion, with net income slightly increasing by 2.8% to $19.4 million.
Weis Markets, Inc. (NYSE:WMK) has announced a quarterly dividend of $.31 per share. Shareholders of record as of February 16, 2021 will receive this dividend, which is payable on March 2, 2021. This decision reflects the company's commitment to providing value to its investors while continuing to operate its network of 197 stores across several Mid-Atlantic states, including Pennsylvania, Maryland, and Virginia.
Weis Markets (NYSE:WMK) announced the appointment of Michael T. Lockard as the new Senior Vice President and Chief Financial Officer (CFO), effective March 12. He will succeed Scott Frost, who is retiring after a 42-year career with the company. Lockard brings over 25 years of experience in retail and finance, focusing on strategic planning and financial management. His role will involve overseeing the company's accounting and financial functions. Chairman Jonathan Weis expressed confidence in Lockard's capabilities to contribute to Weis Markets' future success.