Weis Markets FY2023 EPS $3.86, down 17% YoY; Q4 EPS $0.76, down 29%

WEIS MARKETS INC

2023-FY EPS reported $3.86 revenue$4,714,573,000

Net sales flat at $4.70B for 52-week FY2023 vs $4.70B for 53-week FY2022; comp store sales up 2.3% adjusted.
FY2023 net income $103.83M ($3.86 EPS) vs $125.20M ($4.65 EPS), down 17.1%.
Q4 net sales $1.21B (down 7.1% YoY); comp store sales up 0.2% adjusted.
Q4 net income $20.52M ($0.76 EPS) vs $28.88M ($1.07 EPS), down 28.9%.
Quarterly dividend of $0.34/share declared; record Feb 19, payable Mar 4, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WEIS MARKETS INC reported fourth quarter ended December 30, 2023 results: revenue $1.21 billion, net income $20.52 million, EPS $0.76.

Period: fourth quarter ended December 30, 2023
Revenue: $1.21 billion
Net income: $20.52 million
EPS: $0.76
Result: reported results

Exact text from the filing

Fourth Quarter 2023 Results Net sales totaled $1.21 billion for the 13-week fourth quarter ended December 30, 2023, compared to $1.31 billion for the 14-week fourth quarter ended December 31, 2022, down 7.1 percent. Fourth quarter comparable store sales, adjusted for an additional week in 2022 and excluding fuel, increased 0.2 percent on an individual year-over-year basis and increased 9.8 percent on a two-year stacked basis. The Company’s fourth quarter net income (after provision for income taxes) totaled $20.52 million compared to $28.88 million in 2022, down 28.9 percent. Fourth quarter earnings per share totaled $0.76 compared to $1.07 per share in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WEIS MARKETS INC reported fiscal year ended December 30, 2023 results: revenue $4.70 billion, net income $103.83 million, EPS $3.86.

Period: fiscal year ended December 30, 2023
Revenue: $4.70 billion
Net income: $103.83 million
EPS: $3.86
Result: reported results

Exact text from the filing

Fiscal Year 2023 Results Net sales totaled $4.70 billion for the 52-week fiscal year ended December 30, 2023, compared to $4.70 billion for the 53-week fiscal year ended December 31, 2022, up 0.02 percent. Fiscal year 2023 comparable store sales, adjusted for an additional week in 2022 and excluding fuel, increased 2.3 percent on an individual year-over-year basis and increased 9.8 percent on a two-year stacked basis. The Company’s fiscal year 2023 net income (after provision for income taxes) totaled $103.83 million compared to $125.20 million in 2022, down 17.1 percent. Fiscal year 2023 earnings per share totaled $3.86 compared to $4.65 per share in 2022.

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Source: SEC EDGAR

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