earnings
confidence high
sentiment positive
materiality 0.60
Weis Markets Q3 net sales up 6.1% to $1.1B; EPS $1.06; dividend raised 3.2%
WEIS MARKETS INC
2021-Q3 EPS reported
$3.21
revenue$3,117,141,000
- Net sales $1.1B (+6.1% YoY); comparable store sales +4.6% YoY and +19.4% on two-year stacked basis.
- Net income $28.5M, down 9.0% from $31.3M; diluted EPS $1.06 vs $1.16.
- Dividend increased to $0.32/share from $0.31, payable Nov 22 to holders of record Nov 8.
- 2021 capex outlook raised to $150M from $135M for store and supply chain investments.
- Chairman cites tight labor, supply chain disruptions, and product cost inflation as headwinds.