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Jul 01, 2023

Weis Markets Q2 2023 Earnings Report

Weis Markets' second quarter results were reported with a sales increase and a decrease in net income compared to the previous year.

Key Takeaways

Weis Markets reported a 3.8% increase in net sales, reaching $1.18 billion, but experienced a 5.5% decrease in net income, totaling $34.27 million, with earnings per share at $1.27.

Net sales increased by 3.8% to $1.18 billion.

Comparable store sales increased by 3.5%.

Net income decreased by 5.5% to $34.27 million.

Earnings per share decreased to $1.27.

Total Revenue
$1.18B
Previous year: $1.14B
+3.8%
EPS
$1.27
Previous year: $1.35
-5.9%
Gross Profit
$299M
Previous year: $269M
+11.3%
Cash and Equivalents
$139M
Previous year: $70.7M
+97.1%
Free Cash Flow
$40.3M
Previous year: $15.3M
+163.8%
Total Assets
$1.97B
Previous year: $1.93B
+2.4%

Weis Markets

Weis Markets