secwatch.observer — SEC 8-K summary
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Issuer:     WEIS MARKETS INC (WMK)
CIK:        0000105418
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000105418-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weis Markets Q1 net sales up 3.7% but net income down 17.8%; EPS $0.96 vs $1.17
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- Q1 net sales $1.14B (+3.7% YoY); comparable store sales increased 3.1%.
- Net income $25.81M, down 17.8% from $31.39M; diluted EPS $0.96 vs $1.17.
- Quarterly dividend declared $0.34 per share, payable May 22, 2023 to holders of record May 8.
- CEO cites record inflation and higher supply chain costs pressuring income; expanded Low, Low Price program to >9,000 products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105418/000010541823000022/0000105418-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105418/000010541823000022/wmk-20230508x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105418-23-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer