WEIS MARKETS REPORTS FIRST QUARTER 2026 RESULTS
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
Market Reaction – WMK
Following this news, WMK has gained 8.07%, reflecting a notable positive market reaction. Our momentum scanner has triggered 11 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $75.17. This price movement has added approximately $139M to the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Market Reality Check
Peers on Argus
WMK was up 0.9% while peers were mixed: IMKTA +1.27%, VLGEA +0.71%, GO -1.38%, DNUT -1.21%, NGVC flat. Moves point to company-specific drivers.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 12 | FY25 earnings | Neutral | +4.8% | Reported FY2025 revenue growth but lower net income after inventory restatement. |
| Nov 04 | Q3 2025 earnings | Negative | +3.1% | Q3 2025 net income fell sharply year-over-year despite higher net sales. |
| Aug 06 | Q2 2025 earnings | Positive | +5.4% | Q2 2025 delivered higher net sales and a modest rise in net income. |
| May 07 | Q1 2025 earnings | Negative | -0.7% | Q1 2025 sales grew but net income and EPS declined versus 2024. |
| Feb 25 | FY24 earnings | Positive | -1.5% | FY2024 featured higher sales, stronger net income, and rapid e-commerce growth. |
Earnings headlines have often produced moderate moves around 2–5%, with both upside and downside reactions depending on profit trends.
Recent earnings for Weis Markets show steady revenue growth with more variable profit trends. FY2024 results on Feb 25, 2025 highlighted higher sales and net income. Through 2025, quarterly updates on May 7, Aug 6, and Nov 4 showed continued net sales growth but pressured profitability in some periods. The Mar 12, 2026 fiscal 2025 report combined higher revenue with lower full-year net income after inventory-related restatements. Today’s Q1 2026 earnings extend that sequence with another revenue increase and stronger income.
Historical Comparison
Past earnings headlines moved WMK about 2.21% on average. Today’s 0.9% pre-news gain sits at the lower end of that typical range.
Across recent earnings, Weis Markets has paired steady revenue growth with fluctuating profitability, including inventory restatements. Q1 2026 results resume earnings growth after FY2025’s profit decline.
Market Pulse Summary
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 Terms
comparable store sales financial
AI-generated analysis. Not financial advice.
First Quarter 2026 total revenue increased
"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
The Company's first quarter net income was
Annual Meeting of Shareholders
Weis Markets, Inc. held its Annual Meeting of Shareholders in
"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
About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 201 stores in
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. | ||||||
First Quarter – 2026 | ||||||
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. | |||||||
First Quarter – 2026 | |||||||
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 | ||||||
View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-reports-first-quarter-2026-results-302764107.html
SOURCE Weis Markets