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Sep 25, 2021
Weis Markets Q3 2021 Earnings Report
Reported strong third quarter results with increased comparable store sales.
Key Takeaways
Weis Markets reported a net sales increase of 6.1 percent to $1.1 billion for the third quarter of 2021, with a comparable store sales increase of 4.6 percent. However, net income decreased by 9.0 percent to $28.5 million, with earnings per share totaling $1.06.
Net sales increased by 6.1 percent to $1.1 billion.
Comparable store sales increased by 4.6 percent.
Net income decreased by 9.0 percent to $28.5 million.
Earnings per share totaled $1.06, down from $1.16 in the same period last year.
Weis Markets
Weis Markets
Forward Guidance
Weis Markets increased its 2021 capital expenditures outlook to $150 million to reinvest in associates and customers, retail store improvement projects and supply chain network capabilities to further enable the Company’s long-term positive momentum.