earnings
confidence high
sentiment negative
materiality 0.60
Weis Q2 net income down 23.4% to $26.3M; EPS $0.98 vs $1.27; comp sales up 0.5%
WEIS MARKETS INC
2024-Q2 EPS reported
$1.84
revenue$2,368,670,000
- Net sales $1.18B flat YoY; Easter shift reduced sales by ~$14M (1.2%).
- Adjusted for Easter shift, comparable store sales increased 1.7% in Q2.
- Quarterly dividend $0.34 per share declared, payable Aug 12, 2024.
- Year-to-date net income $49.42M, down 17.7%; EPS $1.84 vs $2.23.
- Expanded Low, Low, Price program, lowering prices on 600 dairy items.