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Jun 27, 2020
Weis Markets Q2 2020 Earnings Report
Sales and net income increased significantly due to the coronavirus pandemic.
Key Takeaways
Weis Markets reported a strong second quarter with a 23.7% increase in sales and a 102.5% increase in net income, driven by the shift of food service demand to food retail due to the coronavirus pandemic.
Sales increased 23.7% to $1.1 billion.
Comparable store sales increased 24.1%.
Net income increased 102.5% to $41.5 million.
Earnings per share totaled $1.54, compared to $0.76 per share for the same period in 2019.
Forward Guidance
No specific forward guidance provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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