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Sep 24, 2022
Weis Markets Q3 2022 Earnings Report
Weis Markets' third quarter performance was reported, marked by increased net sales and comparable store sales.
Key Takeaways
Weis Markets reported an increase in net sales and comparable store sales for the third quarter of 2022. Net sales totaled $1.15 billion, an 8.2% increase compared to the same period in 2021. Comparable store sales increased by 7.9%. Net income increased slightly to $28.66 million, with earnings per share rising to $1.07.
Net sales for the third quarter increased by 8.2% to $1.15 billion.
Comparable store sales increased by 7.9%.
Net income for the quarter totaled $28.66 million, a 0.5% increase.
Earnings per share increased to $1.07 from $1.06 in the prior year.