Weis Markets restates 2022-2025 financials; inventory overstated by up to $22M

WEIS MARKETS INC

Audit committee determined financial statements from FY2022 through Q3 2025 should no longer be relied upon due to inventory overstatement at a meat plant.
Preliminary estimate of overstated inventory is up to $22M as of Q3 2025, representing 6.7% of inventories and 1.1% of total assets.
No impact on net sales; company is evaluating impact on internal controls over financial reporting.
Internal investigation ongoing with outside legal counsel; no timeline for restatement filing.
The error relates to a single meat product manufacturing plant.

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