secwatch.observer — SEC 8-K summary
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Issuer:     WEIS MARKETS INC (WMK)
CIK:        0000105418
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000105418-23-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weis Markets Q3 net income falls 19% to $23.2M; comp store sales up 0.8%
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- Net sales $1.16B, up 0.8% YoY; comparable store sales up 0.8% YoY, 8.7% two-year stacked.
- Net income $23.23M ($0.86 EPS) vs $28.66M ($1.07 EPS) in Q3 2022, down 19%.
- YTD net sales $3.48B (+2.8%), net income $83.31M ($3.10 EPS) down 13.5%.
- Board declared $0.34 per share dividend payable Nov 20, record Nov 6.
- Management cites inflation, interest rates, declining gov't benefits; expanded Low, Low Price program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105418/000010541823000043/0000105418-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105418/000010541823000043/wmk-20231106x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105418-23-000043

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