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Dec 31, 2022
Weis Markets Q4 2022 Earnings Report
Weis Markets reported strong Q4 2022 results with increased sales and net income.
Key Takeaways
Weis Markets reported an 18.0% increase in net sales for the fourth quarter of 2022, totaling $1.31 billion, compared to $1.11 billion for the same period in 2021. The company's fourth quarter comparable store sales increased by 9.5%. Net income for the quarter was $28.88 million, up 27.7% from $22.61 million in the previous year.
Net sales for the fourth quarter increased by 18.0% to $1.31 billion.
Comparable store sales increased by 9.5% in the fourth quarter.
Net income for the fourth quarter increased by 27.7% to $28.88 million.
Earnings per share for the fourth quarter totaled $1.07.