WEIS MARKETS REPORTS SECOND QUARTER 2026 RESULTS

Rhea-AI Summary

Weis Markets (NYSE: WMK) reported second quarter 2026 total revenue of $1.28 billion, up 4.6% from $1.22 billion a year earlier, with comparable store sales up 2.3% and 4.1% on a two-year stacked basis. Pharmacy revenue growth was unfavorably impacted by approximately $10.71 million from Inflation Reduction Act Medicare maximum fair price provisions.

Second quarter net income was $22.86 million, down 9.6% from $25.28 million, with EPS of $0.92 versus $0.96. Year-to-date 2026 revenue was $2.53 billion, up 4.6%, and net income was $50.71 million, up 13.1%, with EPS of $2.05 versus $1.69. The Board declared a quarterly dividend of $0.34 per share, payable August 10, 2026, to shareholders of record July 27, 2026.

Positive

• Q2 2026 total revenue up 4.6% to $1.28 billion
• Year-to-date 2026 revenue up 4.6% to $2.53 billion
• Year-to-date net income up 13.1% to $50.71 million
• Year-to-date EPS increased to $2.05 from $1.69
• Q2 comparable store sales grew 2.3%; two-year stacked 4.1%
• Dividend maintained at $0.34 per share for the quarter

Negative

• Q2 net income declined 9.6% to $22.86 million
• Q2 EPS fell to $0.92 from $0.96
• Pharmacy revenue headwind of about $10.71 million in Q2 2026
• Year-to-date pharmacy headwind about $18.19 million from IRA pricing
• Q2 operating, general and administrative expenses rose to $299.29 million
• Q2 comparable sales excluding fuel declined 0.4% year over year

Market Context

Historical earnings event 850367 recorded a -0.72% 24-hour reaction alongside lower net income. That...

Analysis

Historical earnings event 850367 recorded a -0.72% 24-hour reaction alongside lower net income. That record frames this release's mixed quarterly and stronger year-to-date results; pharmacy pricing headwinds remain a risk to monitor.

Key Figures

Q2 Total Revenue: $1.28 billion Comparable Store Sales: 2.3% Q2 Net Income: $22.86 million +5 more

8 metrics

Q2 Total Revenue $1.28 billion 13-week second quarter ended June 27, 2026; up 4.6% year over year

Comparable Store Sales 2.3% Q2 individual year-over-year basis

Q2 Net Income $22.86 million Compared to $25.28 million in Q2 2025; down 9.6%

Q2 EPS $0.92 Compared to $0.96 per share in Q2 2025

YTD Total Revenue $2.53 billion 26 weeks ended June 27, 2026; up 4.6% year over year

YTD Net Income $50.71 million Compared to $44.83 million in 2025; up 13.1%

YTD EPS $2.05 Compared to $1.69 per share for the same period in 2025

Pharmacy Pricing Headwind Approximately $10.71 million Q2 impact related to Inflation Reduction Act Medicare maximum fair price provisions

Previous Earnings Reports

5 past events · Latest: May 06 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 06	Q1 earnings	Positive	+3.0%	Revenue growth and sharply higher net income accompanied the quarterly results.
Mar 12	FY earnings	Negative	+4.8%	Revenue rose, but lower net income and inventory restatement shaped annual results.
Nov 04	Q3 earnings	Negative	+3.1%	Sales increased while quarterly and year-to-date net income declined.
Aug 06	Q2 earnings	Positive	+5.4%	Higher sales, net income, and EPS accompanied comparable-store-sales growth.
May 07	Q1 earnings	Negative	-0.7%	Sales rose, but lower net income and EPS weighed on quarterly results.

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

Pattern Detected

Earnings reactions were positive in four of five tag-matched events, including releases that reported lower profits.

Key Terms

maximum fair price, weighted-average shares outstanding, two-year stacked

3 terms

maximum fair price regulatory

"pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions"

The maximum fair price is the highest price that a seller, buyer, or valuation assessor considers reasonable for a security or asset based on its financials, market conditions, and comparable transactions. It matters to investors because it sets an upper boundary for deals, offers, or valuations—like a ceiling on what would be considered a fair trade—helping market participants judge whether a quoted or proposed price is within an acceptable range.

weighted-average shares outstanding financial

"Based on weighted-average shares outstanding, second quarter earnings per share were $0.92"

Weighted-average shares outstanding is the average number of shares of a company's stock that are available to investors over a specific period, adjusted for any changes like new share issues or buybacks. It matters to investors because it ensures that earnings and profits are accurately divided among all shareholders, providing a fair view of the company's profitability per share over time.

two-year stacked technical

"comparable store sales increased 4.1% on a two-year stacked basis"

A two-year stacked comparison measures a financial metric today against the same metric from two years earlier, showing the percentage change or difference between the two periods. It’s used to smooth out one-off distortions (like an unusually weak or strong year) so investors can see performance relative to a longer, more normal baseline—think of checking current sales against 'two summers ago' instead of just last summer to avoid misleading swings. This helps reveal underlying trends that single-year comparisons might hide.

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

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Second Quarter 2026 total revenue increased 4.6% and comparable store sales increased 2.3%

SUNBURY, Pa., Aug. 4, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week second quarter and 26-week year-to-date ended June 27, 2026.

"Customers remain focused on affordability and value, which continues to impact how they shop our stores," said Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis. "To support them, we have increased our investment in promotions and targeted loyalty marketing while maintaining strong in-stock conditions and a consistent shopping experience. Customers continue to respond to these offerings, as reflected in sales growth at our newer stores. We are grateful to our associates for their continued commitment to serving our customers and supporting our business."

Second Quarter 2026 Results

Total revenue was $1.28 billion for the 13-week second quarter ended June 27, 2026, compared to $1.22 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $10.71 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026. Second quarter comparable store sales increased 2.3% on an individual year-over-year basis and increased 4.1% on a two-year stacked basis.

The Company's second quarter net income was $22.86 million compared to $25.28 million in 2025, a 9.6% decrease. Based on weighted-average shares outstanding, second quarter earnings per share were $0.92 compared to $0.96 per share for the same period in 2025.

Year-To-Date 2026 Results

Total revenue was $2.53 billion for the 26-week year-to-date ended June 27, 2026, compared to $2.42 billion for the same period in 2025, a 4.6% increase. Pharmacy revenue growth was unfavorably impacted by approximately $18.19 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026. Year-to-date comparable store sales increased 2.2% on an individual year-over-year basis and increased 3.6% on a two-year stacked basis.

The Company's year-to-date net income totaled $50.71 million compared to $44.83 million in 2025, a 13.1% increase. Based on weighted-average shares outstanding, year-to-date earnings per share totaled $2.05 compared to $1.69 per share for the same period in 2025.

Quarterly Cash Dividend

The Weis Markets, Inc. Board of Directors declared on July 16, 2026, a quarterly cash dividend of $0.34 per share to shareholders of record as of July 27, 2026, payable on August 10, 2026.

About Weis Markets

Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer currently operating 202 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   Second Quarter – 2026 (Unaudited)
			13 Weeks Ended					26 Weeks Ended
(amounts in thousands, except shares and per share amounts)			June 27, 2026			June 28, 2025			June 27, 2026			June 28, 2025
Net sales		$	1,270,858		$	1,214,479		$	2,522,576		$	2,411,284
Other revenue			4,450			4,317			8,644			8,288
Total revenue			1,275,308			1,218,796			2,531,220			2,419,572
Cost of sales, including advertising, warehousing and distribution expenses			946,907			912,129			1,872,572			1,814,668
Gross profit on sales			328,401			306,667			658,648			604,904
Operating, general and administrative expenses			299,294			276,428			593,839			552,894
Income from operations			29,107			30,239			64,809			52,010
Investment income (loss) and interest expense			4,830			5,294			5,292			9,705
Other income (expense)			(3,280)			(2,163)			(2,068)			(1,805)
Income before provision for income taxes			30,657			33,370			68,033			59,910
Provision for income taxes			7,801			8,092			17,324			15,084
Net income		$	22,856		$	25,277		$	50,709		$	44,826
Weighted-average shares outstanding, basic and diluted			24,744,597			26,354,064			24,744,597			26,626,254
Cash dividends per share		$	0.34		$	0.34		$	0.68		$	0.68
Basic and diluted earnings per share		$	0.92		$	0.96		$	2.05		$	1.69

 

WEIS MARKETS, INC. TWO-YEAR STACKED COMPARABLE STORE SALES   Second Quarter – 2026 (Unaudited)
		Percentage Change
		13 Weeks Ended
June 27, 2026			2026 vs. 2025			2025 vs. 2024
Comparable store sales (individual year)			2.3	%		1.8	%
Comparable store sales (two-year stacked)			4.1
Comparable store sales, excluding fuel (individual year)			(0.4)			2.3	%
Comparable store sales, excluding fuel (two-year stacked)			1.9	%
		Percentage Change
		26 Weeks Ended
June 27, 2026			2026 vs. 2025			2025 vs. 2024
Comparable store sales (individual year)			2.2	%		1.4	%
Comparable store sales (two-year stacked)			3.6
Comparable store sales, excluding fuel (individual year)			0.4			1.7	%
Comparable store sales, excluding fuel (two-year stacked)			2.1	%

 

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SOURCE Weis Markets

FAQ

How did Weis Markets (WMK) perform in Q2 2026?

Weis Markets reported Q2 2026 revenue of $1.28 billion, up 4.6% year over year. According to Weis Markets, comparable store sales rose 2.3%, while net income declined 9.6% to $22.86 million and earnings per share were $0.92.

What were Weis Markets’ year-to-date 2026 results for WMK stock?

Year-to-date 2026, Weis Markets generated $2.53 billion in revenue, a 4.6% increase. According to Weis Markets, net income reached $50.71 million, up 13.1% from 2025, and earnings per share rose to $2.05 compared with $1.69 a year earlier.

How did the Inflation Reduction Act impact Weis Markets’ Q2 2026 results?

Weis Markets reported that pharmacy revenue growth was unfavorably impacted by about $10.71 million in Q2 2026. According to Weis Markets, this was due to Medicare maximum fair price provisions under the Inflation Reduction Act effective January 1, 2026, also causing an $18.19 million year-to-date headwind.

What were Weis Markets’ comparable store sales in Q2 2026?

In Q2 2026, comparable store sales at Weis Markets increased 2.3% year over year. According to Weis Markets, two-year stacked comparable sales rose 4.1%, while comparable sales excluding fuel declined 0.4%, reflecting differing performance between fuel and non-fuel categories during the quarter.

Did Weis Markets (WMK) change its dividend with the Q2 2026 earnings?

Weis Markets’ Board declared a quarterly cash dividend of $0.34 per share, unchanged from the prior year. According to Weis Markets, the dividend is payable on August 10, 2026, to shareholders of record as of July 27, 2026.

How did Weis Markets’ profitability metrics move in Q2 2026 versus 2025?

Weis Markets’ Q2 2026 net income declined to $22.86 million from $25.28 million, while revenue increased. According to Weis Markets, earnings per share decreased to $0.92 from $0.96, indicating margin pressures despite higher sales over the 13-week comparable period.

What are the key highlights of Weis Markets’ year-to-date 2026 growth?

Year-to-date 2026, Weis Markets achieved revenue of $2.53 billion and net income of $50.71 million. According to Weis Markets, revenue grew 4.6% and net income increased 13.1%, aided by 2.2% comparable store sales growth and higher earnings per share of $2.05.