WEIS MARKETS REPORTS FIRST QUARTER 2026 RESULTS

Weis Markets (NYSE: WMK) reported first quarter 2026 results for the 13-week period ended March 28, 2026.

Rhea-AI Summary

Weis Markets (NYSE: WMK) reported first quarter 2026 results for the 13-week period ended March 28, 2026. Total revenue was $1.26 billion, up 4.6% year-over-year. Comparable store sales excluding fuel rose 1.2% YoY and 2.2% on a two-year stacked basis.

Net income was $27.85 million, a 42.5% increase versus prior year; diluted EPS was $1.13. The board declared a quarterly cash dividend of $0.34 per share, payable May 26, 2026 to shareholders of record May 11, 2026.

Positive

• Total revenue increased 4.6% to $1.26 billion
• Comparable store sales excluding fuel +1.2% YoY
• Two-year stacked comparable sales +2.2%
• Net income $27.85 million (+42.5% YoY)
• Earnings per share $1.13 for Q1 2026
• Quarterly cash dividend declared at $0.34 per share

Negative

• Pharmacy revenue reduced by approximately $7.48 million from MFP pricing changes
• Comparable store sales growth was modest at 1.2% YoY

Argus May 6 session

+3.01% close to close Open Argus

Details

News Market Reaction – WMK

On May 6, the day this news came out, WMK closed 3.01% above the previous close.

Data tracked by StockTitan Argus for the May 6 session.

Market Context

This announcement highlights Q1 2026 revenue of $1.26 billion, up 4.6%, and net income of $27.85 mil...

Analysis

This announcement highlights Q1 2026 revenue of $1.26 billion, up 4.6%, and net income of $27.85 million, with EPS rising to $1.13. Comparable store sales excluding fuel increased 1.2%, and the board maintained a quarterly dividend of $0.34 per share. Set against recent fiscal 2025 results and inventory restatements, the update underscores a return to earnings growth. Investors may focus on future comparable sales trends and any continuing impact from Medicare pricing changes.

Key Figures

Q1 2026 total revenue: $1.26 billion Q1 2025 total revenue: $1.20 billion Revenue growth: 4.6% +5 more

Q1 2026 total revenue

$1.26 billion

13-week first quarter ended March 28, 2026

Q1 2025 total revenue

$1.20 billion

13-week first quarter 2025 comparison

Revenue growth

4.6%

Q1 2026 vs Q1 2025

Comparable sales ex-fuel

1.2%

Q1 2026 year-over-year increase

Net income Q1 2026

$27.85 million

First quarter 2026

Net income Q1 2025

$19.55 million

First quarter 2025 comparison

Earnings per share

$1.13 vs $0.73

Q1 2026 vs Q1 2025

Quarterly dividend

$0.34 per share

Declared April 30, 2026, payable May 26, 2026

Previous Earnings Reports

5 past events · Latest: Mar 12

Same Type 5 events

1. Mar 12

   FY25 earnings

   24h Move

   +4.8%

   Reported FY2025 revenue growth but lower net income after inventory restatement.

2. Nov 04

   Q3 2025 earnings

   24h Move

   +3.1%

   Q3 2025 net income fell sharply year-over-year despite higher net sales.

3. Aug 06

   Q2 2025 earnings

   24h Move

   +5.4%

   Q2 2025 delivered higher net sales and a modest rise in net income.

4. May 07

   Q1 2025 earnings

   24h Move

   -0.7%

   Q1 2025 sales grew but net income and EPS declined versus 2024.

5. Feb 25

   FY24 earnings

   24h Move

   -1.5%

   FY2024 featured higher sales, stronger net income, and rapid e-commerce growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

comparable store sales, maximum fair price (MFP)

2 terms

comparable store sales financial

"First quarter comparable store sales excluding fuel increased 1.2%..."

Comparable store sales measure the change in revenue generated by stores that have been open for a certain period, typically at least one year. It helps assess how well a business is growing by showing whether existing stores are attracting more customers and sales, rather than just counting new store openings. Investors use this figure to gauge the true health and performance of a company's core operations over time.

maximum fair price (MFP) regulatory

"due to pricing headwinds associated with the Inflation Reduction Act Medicare maximum fair price (MFP) provisions..."

Maximum fair price (MFP) is the highest price that an independent valuation or governing body considers reasonable to pay for a security, stake or asset based on its cash flow, assets and comparable transactions. Investors care because the MFP acts like a safety cap—similar to a priced label on a used car—helping prevent overpaying in buyouts, tender offers or restructurings and signaling whether a proposed deal is likely to be viewed as fair or risky.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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First Quarter 2026 total revenue increased 4.6% and comparable store sales excluding fuel increased 1.2%

SUNBURY, Pa., May 6, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week first quarter ended March 28, 2026.

"We continue to invest in a broader promotional offering and an enhanced loyalty marketing program to deliver greater value for our customers, while our facility and technology investments are helping us lower costs, manage expenses, and elevate the customer experience," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. "Together, these efforts contributed to higher comparable sales and income in the first quarter. We are grateful to our associates, whose hard work makes these solid results possible," said Mr. Weis.

First Quarter 2026 Results

Total revenue was $1.26 billion for the 13-week first quarter ended March 28, 2026, compared to $1.20 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $7.48 million due to pricing headwinds associated with the Inflation Reduction Act Medicare maximum fair price (MFP) provisions that became effective January 1, 2026 on ten drugs. First quarter comparable store sales excluding fuel increased 1.2% on an individual year-over-year basis and increased 2.2% on a two-year stacked basis.

The Company's first quarter net income was $27.85 million compared to $19.55 million in 2025, a 42.5% increase. Adjusted for the weighted-average shares outstanding for the applicable reporting period, first quarter earnings per share were $1.13 compared to $0.73 per share for the same period in 2025.

Annual Meeting of Shareholders

Weis Markets, Inc. held its Annual Meeting of Shareholders in Sunbury, Pennsylvania, on April 30, 2026. At the meeting, Chairman, President, and CEO Jonathan H. Weis reviewed the Company's results and growth, highlighting record investments in its long term capital expenditure program designed to create opportunities for associates and enhance shareholder value.

"In 2025, we delivered 17 large projects, including five new stores, seven major remodels, and five fuel centers," said Mr. Weis. "In addition, we completed more than 1,000 smaller store and facility projects, including new energy efficient HVAC systems, refrigerated cases, and front end upgrades. These investments help us operate more efficiently and promote a superior customer shopping experience."

Quarterly Cash Dividend

The Weis Markets, Inc. Board of Directors declared on April 30, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of May 11, 2026, payable on May 26, 2026.

About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 201 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.

In addition to historical information, this news release may contain forward-looking statements, which are included pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; tariffs and trade policies; business conditions and trends in the retail industry; the regulatory environment; rapidly changing technology, including cybersecurity and data privacy risks, and competitive factors, including increased competition with regional and national retailers; price pressures; further expenditures related to restatement of our financial statements; and the results of any shareholder actions associated with the restatements referenced in Note 12 on the Company's Annual Report on Form 10-K filed for the fiscal year ended December 27, 2025. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect Management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the Company files periodically with the Securities and Exchange Commission. Management is also providing a two-year stacked comparable store sales analysis, a non-GAAP measure, because Management believes this metric is useful to investors and analysts. It is not recommended that the two-year stacked analysis be considered a substitute for the Company's operating results as reported in accordance with GAAP.

WEIS MARKETS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME
First Quarter – 2026 (Unaudited)
			13 Weeks Ended
(amounts in thousands, except shares and per share amounts)			March 28, 2026			March 29, 2025
Net sales		$	1,251,718		$	1,196,805
Other revenue			4,194			3,971
Total revenue			1,255,912			1,200,776
Cost of sales, including advertising, warehousing and distribution expenses			925,665			902,538
Gross profit on sales			330,247			298,238
Operating, general and administrative expenses			294,545			276,466
Income from operations			35,702			21,772
Investment income (loss) and interest expense			462			4,411
Other income (expense)			1,212			357
Income before provision for income taxes			37,376			26,540
Provision for income taxes			9,523			6,991
Net income		$	27,853		$	19,549
Weighted-average shares outstanding, basic and diluted			24,744,597			26,898,443
Cash dividends per share		$	0.34		$	0.34
Basic and diluted earnings per share		$	1.13		$	0.73

 

WEIS MARKETS, INC. TWO-YEAR STACKED COMPARABLE STORE SALES
First Quarter – 2026 (Unaudited)
		Percentage Change
		13 Weeks Ended
March 28, 2026			2026 vs. 2025			2025 vs. 2024
Comparable store sales, excluding fuel (individual year)			1.2	%		1.0	%
Comparable store sales, excluding fuel (two-year stacked)			2.2
Comparable store sales (individual year)			2.1			0.9	%
Comparable store sales (two-year stacked)			3.0

 

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SOURCE Weis Markets

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Weis Markets (WMK) Q1 2026 revenue and comparable-sales results?

Total revenue was $1.26 billion for Q1 2026. According to the company, comparable store sales excluding fuel increased 1.2% year-over-year and 2.2% on a two-year stacked basis.

How did Weis Markets (WMK) earnings perform in Q1 2026?

Weis Markets reported net income of $27.85 million and EPS of $1.13 in Q1 2026. According to the company, net income rose about 42.5% versus the same prior-year period.

Why did Weis Markets (WMK) report weaker pharmacy revenue in Q1 2026?

Pharmacy revenue was negatively affected by about $7.48 million from Medicare MFP pricing changes effective January 1, 2026. According to the company, that headwind hit ten drugs in the pharmacy mix.

When is Weis Markets (WMK) paying its Q2 2026 dividend and how much is it?

The board declared a quarterly cash dividend of $0.34 per share, payable May 26, 2026. According to the company, shareholders of record as of May 11, 2026 will receive the payment.

What capital investments did Weis Markets (WMK) highlight at its 2026 annual meeting?

Management emphasized record capital spending, noting 17 large projects in 2025 including five new stores and seven major remodels. According to the company, over 1,000 smaller store and facility projects were also completed.

How might Weis Markets' (WMK) investments affect operating efficiency and customer experience?

Investments targeted HVAC, refrigerated cases, and front-end upgrades to improve efficiency and shopping experience. According to the company, facility and technology investments are helping lower costs and manage expenses.