Weis Markets posts Q2 2026 revenue of $1.28B
Weis Markets, Inc. reported second quarter 2026 results for the 13 weeks ended June 27, 2026.
Rhea-AI Filing Summary
Weis Markets, Inc. reported second quarter 2026 results for the 13 weeks ended June 27, 2026. Total revenue was $1.28 billion, up 4.6% from 2025, with comparable store sales up 2.3% and 4.1% on a two-year stacked basis. Pharmacy revenue growth was reduced by approximately $10.71 million due to Medicare maximum fair price provisions under the Inflation Reduction Act. Net income for the quarter was $22.86 million versus $25.28 million, and earnings per share were $0.92 versus $0.96.
For the 26-week period, revenue rose 4.6% to $2.53 billion, and net income increased 13.1% to $50.71 million, with EPS of $2.05 compared with $1.69. The board declared a quarterly cash dividend of $0.34 per share, payable August 10, 2026 to shareholders of record on July 27, 2026.
Positive
- Year-to-date profitability strengthened: net income rose 13.1% to $50.71 million and EPS increased to $2.05 from $1.69 for the 26 weeks ended June 27, 2026.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
comparable store sales financial
two-year stacked comparable store sales financial
Inflation Reduction Act Medicare maximum fair price provisions regulatory
forward-looking statements regulatory
non-GAAP financial
Earnings Snapshot
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On August 4, 2026, the Company released its earnings for the second quarter ended June 27, 2026. A copy of the news release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit.
99.1 Weis Markets, Inc. August 4, 2026, news release announcing the second quarter ended June 27, 2026 earnings.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WEIS MARKETS, INC. | ||
By: /s/ Michael T. Lockard | ||
Name: Michael T. Lockard | ||
Title: Senior Vice President, Chief Financial Officer and Treasurer | ||
(Principal Financial Officer) | ||
| ||
Dated: August 4, 2026 |
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Dennis Curtin
Weis Markets, Inc.
570-847-3636
dennis.curtin@weismarkets.com
WEIS MARKETS REPORTS SECOND QUARTER 2026 RESULTS
Second Quarter 2026 total revenue increased 4.6% and comparable store sales increased 2.3%
Sunbury, PA (August 4, 2026) – 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.
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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.
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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 | % | | | |