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Jun 29, 2024
Weis Markets Q2 2024 Earnings Report
Weis Markets' second quarter comparable store sales, adjusted for Easter shift, increased 1.7 percent.
Key Takeaways
Weis Markets reported net sales of $1.18 billion for the second quarter of 2024, a 0.2 percent increase compared to the same period in 2023. The company's net income totaled $26.26 million, down 23.4 percent from $34.27 million in the previous year, with earnings per share at $0.98 compared to $1.27 in 2023.
Net sales totaled $1.18 billion, a 0.2% increase compared to the second quarter of 2023.
Comparable store sales increased by 0.5% and adjusted for Easter shift, increased 1.7 percent.
Net income decreased by 23.4% to $26.26 million.
Earnings per share totaled $0.98, down from $1.27 in 2023.