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Dec 26, 2020
Weis Markets Q4 2020 Earnings Report
Weis Markets reported increased sales and earnings for Q4 2020, driven by strong comparable store sales growth.
Key Takeaways
Weis Markets reported a 13.7% increase in sales for the fourth quarter of 2020, reaching $1.0 billion. Net income increased by 2.8% to $19.4 million, with earnings per share rising to $0.73. The company's performance was bolstered by a 14.1% increase in comparable store sales.
Total sales increased by 13.7% to $1.0 billion compared to the same period in 2019.
Comparable store sales increased by 14.1% during the fourth quarter.
Net income for the fourth quarter increased by 2.8% to $19.4 million.
Earnings per share increased to $0.73 compared to $0.70 for the same period in 2019.