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Weis Markets Q1 2025 Earnings Report
Weis Markets, Inc. reported its financial results for the first quarter ended March 29, 2025, with net sales increasing 1.6 percent and net income decreasing 11.6 percent compared to the same period in 2024.
Key Takeaways
Weis Markets, Inc. reported first quarter 2025 net sales of $1.20 billion, a 1.6% increase from the prior year. Net income for the quarter was $20.48 million, down 11.6% from $23.17 million in 2024. Adjusted for the Easter holiday shift, net sales increased 2.7%.
Net sales and other revenue for the first quarter of 2025 totaled $1.20 billion, an increase of 1.6% compared to the same period in 2024.
Adjusted for the Easter holiday shift, net sales increased by 2.7% year-over-year.
Net income for the first quarter was $20.48 million, an 11.6% decrease from $23.17 million in the prior year.
Basic and diluted earnings per share were $0.76, down from $0.86 in the first quarter of 2024.
Forward Guidance
Weis Markets plans to continue strategic investments in associates and technologies to improve efficiencies and customer experience. The company is also focused on its long-term capital expenditure program, including building four new stores in 2025 and 2026.
Positive Outlook
- Continued strategic cost investments in associates and technologies to improve efficiencies.
- Enhancement of customer experience through technology investments.
- Building four new stores, with three expected to open by the end of 2025 and one in early 2026.
- New stores will be over 60,000-square feet with new features, expansive fresh departments, fuel centers, and sustainable technologies.
- Record investments in long-term capital expenditure program designed to generate opportunities for associates and enhance shareholder value.
Challenges Ahead
- Uncertain macroeconomic environment poses challenges.
- No specific negative financial guidance provided, but the general economic environment is noted as uncertain.
Historical Earnings Impact
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