earnings
confidence high
sentiment negative
materiality 0.65
Weis Markets Q2 net income falls 19.3% to $33.5M; two-year comp sales up 18.3%
WEIS MARKETS INC
2021-Q2 EPS reported
$2.15
revenue$2,053,689,000
- Net sales $1.0B, down 4.7% YoY; comparable store sales -5.8% YoY but +18.3% on two-year stacked.
- EPS $1.24 vs $1.54; net income $33.5M vs $41.5M.
- Year-to-date net income $57.7M, down 15.3%; EPS $2.15 vs $2.53.
- Opened three replacement stores in PA as part of $135M capex program.
- CEO says Q2 2021 was second best in company history after record Q2 2020.