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Dec 28, 2024
Weis Markets Q4 2024 Earnings Report
Weis Markets reported its financial results for the fourth quarter and fiscal year ended December 28, 2024, with increases in net sales and net income for both periods.
Key Takeaways
Weis Markets, Inc. reported a 1.2% increase in net sales to $1.23 billion for the fourth quarter of 2024, with net income rising 69.0% to $34.68 million. Comparable store sales excluding fuel increased 1.1%.
Fourth quarter net sales increased 1.2% to $1.23 billion.
Net income for the fourth quarter surged 69.0% to $34.68 million.
Fourth quarter comparable store sales excluding fuel rose 1.1% year-over-year.
Basic and diluted earnings per share for the fourth quarter were $1.29, up from $0.76 in the prior year.
Weis Markets
Weis Markets
Forward Guidance
The company anticipates continued progress in 2025, building on the momentum from 2024's strategic initiatives and operational improvements.
Positive Outlook
- Continued benefit from strong e-commerce sales, which were up 46 percent for the year.
- Successful completion of 12 major store development projects.
- Acquisition and conversion of two stores.
- Commencement of construction for four new stores in growing markets.
- Sustained price investments and disciplined marketing programs.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.