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Jun 26, 2021
Weis Markets Q2 2021 Earnings Report
Second quarter results reported with a two-year stacked comparable store sales increase of 18.3 percent.
Key Takeaways
Weis Markets reported a decrease in net sales by 4.7% to $1.0 billion for the second quarter of 2021, compared to $1.1 billion for the same period in 2020. The company's net income decreased by 19.3% to $33.5 million, with earnings per share totaling $1.24, compared to $1.54 per share for the same period in 2020.
Net sales totaled $1.0 billion, a 4.7% decrease compared to the same period in 2020.
Second quarter comparable store sales decreased 5.8% year-over-year but increased 18.3% on a two-year stacked basis.
Net income totaled $33.5 million, a 19.3% decrease compared to 2020.
Earnings per share totaled $1.24, compared to $1.54 per share for the same period in 2020.