Weis Markets Q1 net sales up 2.9% to $1.18B; net income down 10.3% to $23.2M

WEIS MARKETS INC

2024-Q1 EPS reported $0.86 revenue$1,182,205,000

Comparable store sales excluding fuel increased 3.3% YoY; Easter shift added $14M in net sales.
EPS fell to $0.86 from $0.96 in Q1 2023, a 10.4% decline.
Board declared quarterly dividend of $0.34/share, payable May 28, 2024, to holders of record May 13.
Company plans record 2024 capex: six new stores, 11 major remodels, 15 minor remodels, five fuel centers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WEIS MARKETS INC reported first quarter ended March 30, 2024 results: revenue $1.18 billion, net income $23.17 million, EPS $0.86 per share.

Period: first quarter ended March 30, 2024
Revenue: $1.18 billion
Net income: $23.17 million
EPS: $0.86 per share
Result: reported results

Exact text from the filing

Net sales totaled $1.18 billion for the 13-week first quarter ended March 30, 2024, compared to $1.14 billion for the 13-week first quarter ended April 1, 2023, up 2.9 percent.

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Source: SEC EDGAR

accession 0000105418-24-000032

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