WEIS MARKETS REPORTS THIRD QUARTER 2026 RESULTS

Fuel and new-store sales supported revenue growth, while comparable store sales excluding fuel declined in both reporting periods.

Rhea-AI Summary

Weis Markets (NYSE: WMK) reported third-quarter 2026 net income of $22.21 million, up from the same period in 2025. Net income rose 31.4%, earnings per share increased to $0.90 from $0.69, and revenue grew 3.0% to $1.28 billion for the 13 weeks ended September 26, 2026. Comparable store sales rose 1.3%, but fell 1.2% excluding fuel. Gross margin increased to 25.5% from 24.8%, while operating income rose 38.6% to $28.51 million.

Pharmacy pricing changes reduced quarterly sales by approximately $14.56 million. For the 39-week period, revenue increased 4.1% to $3.81 billion and net income rose 18.1% to $72.92 million. Earnings per share reached $2.95 versus $2.38; comparable sales excluding fuel declined 0.1%. A $0.34 quarterly dividend is payable November 23, 2026, to shareholders of record November 9, 2026.

12 points · 0 major

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0 major · 10 points

How the balance works

Positive

• Moderate pointThird-quarter revenue increased 3.0% to $1.28 billion versus the same period in 2025.
• Moderate pointThird-quarter net income rose 31.4% to $22.21 million; earnings per share increased to $0.90 from $0.69.
• Moderate pointThird-quarter operating income increased 38.6% to $28.51 million versus 2025.
• Moderate pointThird-quarter gross profit rose 5.8% to $324.61 million; gross margin increased to 25.5% from 24.8%.
• Moderate pointThird-quarter comparable store sales increased 1.3% versus 2025; two-year stacked growth was 3.8%.

7 minor points

• Minor pointYear-to-date revenue increased 4.1% to $3.81 billion versus the same 39-week period in 2025.
• Minor pointYear-to-date net income rose 18.1% to $72.92 million; earnings per share increased to $2.95 from $2.38.
• Minor pointYear-to-date operating income increased 28.6% to $93.31 million versus 2025.
• Minor pointYear-to-date gross profit rose 7.8% to $983.26 million; gross margin increased to 25.9% from 25.0%.
• Minor pointYear-to-date comparable store sales increased 1.9% versus 2025; two-year stacked growth was 3.6%.
• Minor pointYear-to-date grocery and pharmacy sales increased versus 2025.
• Minor pointOther expense narrowed to $460,000 quarterly from $1.565 million; year-to-date expense narrowed to $2.528 million from $3.370 million.

Negative

• Moderate pointThird-quarter comparable sales excluding fuel fell 1.2% versus 2025, despite two-year stacked growth of 1.3%.
• Moderate pointPharmacy pricing headwinds reduced quarterly sales by approximately $14.56 million, cutting revenue growth approximately 1.2 percentage points.
• Moderate pointOperating, general and administrative expenses rose to $296.109 million quarterly from $286.313 million.
• Minor pointYear-to-date comparable sales excluding fuel fell 0.1% versus 2025, despite two-year stacked growth of 1.8%.
• Minor pointPharmacy pricing headwinds reduced year-to-date sales by approximately $32.75 million, cutting revenue growth approximately 0.9 percentage points.

5 minor points

• Minor pointLower egg prices and outbreak-related produce demand weakness partially offset revenue growth in both periods.
• Minor pointYear-to-date operating, general and administrative expenses rose to $889.948 million from $839.207 million.
• Minor pointInvestment income net of interest expense fell to $2.087 million quarterly from $3.276 million.
• Minor pointYear-to-date investment income net of interest expense fell to $7.379 million from $12.981 million.
• Minor pointHigher effective income tax rates moderated net income growth in both reporting periods.

Key Figures

Third-quarter total revenue: $1.28 billion, up 3.0% Comparable store sales: Up 1.3% Comparable store sales excluding fuel: Down 1.2% +5 more

Third-quarter total revenue

$1.28 billion, up 3.0%

13 weeks ended September 26, 2026

Comparable store sales

Up 1.3%

Third quarter 2026

Comparable store sales excluding fuel

Down 1.2%

Third quarter 2026

Gross profit margin

25.5%, versus 24.8%

Third quarter 2026 versus 2025

Income from operations

$28.51 million, up 38.6%

Third quarter 2026

Net income

$22.21 million, up 31.4%

Third quarter 2026 versus 2025

Earnings per share

$0.90, versus $0.69

Third quarter 2026 versus 2025

Pharmacy pricing headwind

$14.56 million; reduced revenue growth by 1.2 percentage points

Third quarter 2026

Previous Earnings Reports

3 past events · Latest: Aug 04

Same Type 3 events

1. Aug 04

   Quarterly earnings

   24h Move

   -4.5%

   Revenue grew, but quarterly net income and EPS declined year over year.

2. May 06

   Quarterly earnings

   24h Move

   +3.0%

   First-quarter revenue, net income, and EPS increased year over year.

3. Nov 04

   Quarterly earnings

   24h Move

   +3.1%

   Third-quarter net income declined year over year despite revenue growth.

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

Key Terms

weighted-average shares outstanding

1 terms

weighted-average shares outstanding financial

"Based on weighted-average shares outstanding, third quarter earnings per share were $0.90"

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.

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Third Quarter 2026 total revenue increased 3.0% and comparable store sales increased 1.3%

SUNBURY, Pa., Nov. 3, 2026 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) ("Weis Markets", or the "Company") today reported its financial results for the 13-week third quarter and 39-week year-to-date ended September 26, 2026.

"In the third quarter we delivered higher total revenue and improved earnings while customers remained cautious with their spending and continued to seek affordability and value," said Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis. "Higher fuel sales, reflecting both retail price inflation and increased gallons sold, along with sales from new stores, supported the quarter's total revenue increase. Inflation Reduction Act-related pharmacy pricing changes, egg price deflation and lower produce demand during the Cyclospora outbreak moderated sales performance. We continue to support our customers through price investments and an expanded loyalty marketing program."

"Improved store inventory shrink performance and lower costs within our internal supply chain helped drive a higher gross profit margin," said Mr. Weis. "Our people, process and technology investments continue to enhance customer value and convenience while supporting greater efficiency across our operations, including stores, supply chain, manufacturing and the Store Support Center. We are grateful to our associates for their commitment to our customers and our business."

Third Quarter 2026 Results

Total revenue was $1.28 billion for the 13-week third quarter ended September 26, 2026, compared to $1.24 billion for the same period in 2025, a 3.0% increase. Sales growth was driven primarily by higher fuel sales and sales from new stores, partially offset by lower overall sales in pharmacy, dairy and produce. Pharmacy sales were negatively impacted by approximately $14.56 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026, reducing total revenue growth by approximately 1.2 percentage points. Dairy sales reflected lower egg pricing compared with the prior year, and produce sales were negatively affected by lower customer demand during the Cyclospora outbreak in the third quarter. Third quarter comparable store sales increased 1.3%, while comparable store sales excluding fuel decreased 1.2%.

Third quarter gross profit increased 5.8% to $324.61 million, and gross profit margin increased to 25.5% from 24.8% in 2025. Income from operations increased 38.6% to $28.51 million. The increase in operating income more than offset lower investment income and a higher effective income tax rate.

The Company's third quarter net income was $22.21 million compared to $16.90 million in 2025, a 31.4% increase. Based on weighted-average shares outstanding, third quarter earnings per share were $0.90 compared to $0.69 per share for the same period in 2025.

Year-To-Date 2026 Results

Total revenue was $3.81 billion for the 39-week year-to-date period ended September 26, 2026, compared to $3.66 billion for the same period in 2025, a 4.1% increase. Sales growth was driven primarily by higher fuel sales and sales from new stores, with grocery and pharmacy sales also increasing compared with the prior year. Despite higher year-to-date pharmacy sales, the category was negatively impacted by approximately $32.75 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026, reducing total revenue growth by approximately 0.9 percentage points. Lower overall sales in dairy and produce also partially offset year-to-date sales growth. Dairy sales reflected lower egg pricing compared with the prior year, and produce sales were negatively affected by lower customer demand during the Cyclospora outbreak in the third quarter. Year-to-date comparable store sales increased 1.9%, while comparable store sales excluding fuel decreased 0.1%.

Year-to-date gross profit increased 7.8% to $983.26 million, and gross profit margin increased to 25.9% from 25.0% in 2025. Income from operations increased 28.6% to $93.31 million. Lower investment income and a higher effective income tax rate moderated the increase in net income.

The Company's year-to-date net income totaled $72.92 million compared to $61.73 million in 2025, an 18.1% increase. Based on weighted-average shares outstanding, year-to-date earnings per share totaled $2.95 compared to $2.38 per share for the same period in 2025.

Quarterly Cash Dividend

On October 29, 2026, the Weis Markets, Inc. Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on November 23, 2026, to shareholders of record as of November 9, 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 in 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 Third Quarter – 2026 (Unaudited)
			13 Weeks Ended					39 Weeks Ended
(amounts in thousands, except shares and per share amounts)			September 26, 2026			September 27, 2025			September 26, 2026			September 27, 2025
Net sales		$	1,274,817		$	1,238,208		$	3,797,393		$	3,649,492
Other revenue			4,269			4,099			12,913			12,387
Total revenue			1,279,086			1,242,307			3,810,306			3,661,879
Cost of sales, including advertising, warehousing and distribution expenses			954,472			935,428			2,827,044			2,750,096
Gross profit on sales			324,614			306,879			983,262			911,783
Operating, general and administrative expenses			296,109			286,313			889,948			839,207
Income from operations			28,505			20,566			93,314			72,576
Investment income (loss) and interest expense			2,087			3,276			7,379			12,981
Other income (expense)			(460)			(1,565)			(2,528)			(3,370)
Income before provision for income taxes			30,132			22,277			98,165			82,187
Provision for income taxes			7,922			5,374			25,246			20,458
Net income		$	22,210		$	16,903		$	72,919		$	61,729
Weighted-average shares outstanding, basic and diluted			24,744,597			24,744,597			24,744,597			25,999,035
Cash dividends per share		$	0.34		$	0.34		$	1.02		$	1.02
Basic and diluted earnings per share		$	0.90		$	0.69		$	2.95		$	2.38

 

WEIS MARKETS, INC. TWO-YEAR STACKED COMPARABLE STORE SALES Third Quarter – 2026 (Unaudited)
		Percentage Change
		13 Weeks Ended
September 26, 2026			2026 vs. 2025			2025 vs. 2024
Comparable store sales (individual year)			1.3	%		2.5	%
Comparable store sales (two-year stacked)			3.8
Comparable store sales, excluding fuel (individual year)			(1.2)			2.5	%
Comparable store sales, excluding fuel (two-year stacked)			1.3	%
		Percentage Change
		39 Weeks Ended
September 26, 2026			2026 vs. 2025			2025 vs. 2024
Comparable store sales (individual year)			1.9	%		1.7	%
Comparable store sales (two-year stacked)			3.6
Comparable store sales, excluding fuel (individual year)			(0.1)			1.9	%
Comparable store sales, excluding fuel (two-year stacked)			1.8	%

 

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SOURCE Weis Markets

FAQ

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

What were Weis Markets' third-quarter 2026 earnings and revenue?

Weis Markets earned $22.21 million, or $0.90 per share, on revenue of $1.28 billion for the 13 weeks ended September 26, 2026. Net income increased 31.4% and revenue rose 3.0% compared with the same period in 2025.

When will Weis Markets pay its quarterly dividend?

Weis Markets will pay a $0.34-per-share quarterly cash dividend on November 23, 2026, to shareholders of record as of November 9, 2026. The board declared the dividend on October 29, 2026.

Why did Weis Markets' third-quarter 2026 gross margin improve?

Weis Markets attributed the gross margin improvement to better inventory shrink performance and lower internal supply-chain costs. Gross margin increased to 25.5% from 24.8% in the same quarter of 2025.