Weis Markets Q3 2026 net income climbs 31.4%
Comparable-store sales rose 1.3% overall, but fell 1.2% when fuel sales were excluded.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Weis Markets, Inc. reported third-quarter 2026 total revenue of $1.28 billion, up 3.0%, and net income of $22.21 million, up 31.4%, for the 13 weeks ended September 26, 2026. Diluted earnings per share were $0.90, versus $0.69 a year earlier. Gross profit increased 5.8% to $324.61 million, gross profit margin rose to 25.5% from 24.8%, and income from operations increased 38.6% to $28.51 million.
Higher fuel sales and new stores supported revenue, while pharmacy, dairy and produce sales were lower overall. Pharmacy pricing headwinds reduced revenue by approximately $14.56 million and lowered revenue growth by approximately 1.2 percentage points. For the 39 weeks ended September 26, 2026, revenue was $3.81 billion, up 4.1%, and net income was $72.92 million, up 18.1%. The board declared a $0.34 quarterly cash dividend, payable November 23, 2026, to shareholders of record November 9, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net income rose 31.4% to $22.21 million.
Negative
- None.
Filing Explained
Weis reported comparable-store sales increased
8-K Event Classification
Key Figures
Key Terms
gross profit margin financial
two-year stacked comparable store sales financial
Medicare maximum fair price provisions regulatory
Earnings Snapshot
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was WMK's revenue in the third quarter of 2026?
How much did WMK earn in the third quarter of 2026?
How did WMK's comparable-store sales perform in Q3 2026?
When is WMK's $0.34 dividend payable?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number) | (IRS Employer Identification No.) | |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the act:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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 November 3, 2026, the Company released its earnings for the third quarter ended September 26, 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. November 3, 2026, news release announcing the third quarter ended September 26, 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: November 3, 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 THIRD QUARTER 2026 RESULTS
Third Quarter 2026 total revenue increased 3.0% and comparable store sales increased 1.3%
Sunbury, PA (November 3, 2026) – 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 | % | | | |