Weis Markets Q1 sales up 3.6%

SUNBURY, Pa. - Weis Markets on Monday reported sales increases of 3.6% to $738.2 million for the 13 weeks ended March 26. Same-store sales were up 3.6%. 

 

"Our results continue to benefit from our long-term pricing investments and the refinement of our marketing programs, which spurred increased sales in center store, HBC, frozen, pharmacy and most of our fresh departments," stated Jonathan Weis, Weis Markets chairman and CEO. "These investments and refinements were complemented by improved supply chain and store support efficiencies and an increased focus on our store-level customer experience."

 

The incremental sales impact due to the Easter calendar shift was approximately $7.1 million or a 1% increase in comparable store sales, the company reported. 

 

Weis Markets' first quarter net income increased 51.1% to $20.1 million during the period, while earnings per share increased 50% to $0.75 per share compared to $0.50 per share for the same period in 2015. 

 

During the same period, the company's operating income increased 57.4% to $31.3 million.