Weis Markets Q3 comp sales up 2.6%

SUNBURY, Pa. — Weis Markets on Friday announced its third quarter sales increased 3.4% to $683.9 million, while its comparable store sales increased 2.6% compared to the same period in 2013.

 

"Our company continues to make progress in a market impacted by a stagnant economy," said Jonathan Weis, Weis Markets' president and CEO. "We attribute our increased sales to our continued investments in lower pricing and disciplined sales building programs. Our results also benefited from increased operational efficiencies and improved in-stock conditions at store level," he said. "As a result, we are generating an increased customer count and higher sales per customer. It is also important to note that we continue to achieve these sales increases despite a significant amount of self-imposed grocery deflation. We hope to build on our sales momentum in the fourth quarter, particularly during the key holiday sales period."

 

The company's year-to-date sales increased 2.8% to $2.1 billion, while comparable store sales are up 1.4% for the year compared to the same period in 2013.