Highest-materiality recent filing
Weis Markets Q1 revenue up 4.6% to $1.26B; net income jumps 42.5% to $27.85M
Total revenue $1.26B vs $1.20B (+4.6%); comp store sales ex-fuel +1.2% YoY, +2.2% two-year stacked.
Weis Markets shareholders elect all directors, approve auditor, set say-on-pay frequency at 3 years
All five director nominees elected; Jonathan H. Weis received 18.5M votes for, 2.7M withheld.
Weis Markets Q4 revenue up 5% to $1.30B; FY net income down 11.6% to $93.69M
Q4 total revenue $1.30B (+5.0% YoY); comparable store sales ex-fuel +2.5%.
Annual report filing delayed to complete restatement for incorrectly recorded overstated inventory; expects to file by March 12, 2026.
Weis Markets restates 2022-2025 financials; inventory overstated by up to $22M
Audit committee determined financial statements from FY2022 through Q3 2025 should no longer be relied upon due to inventory overstatement at a meat plant.
Weis Markets enters new CEO employment agreement; base salary $1.45M through 2028
Jonathan H. Weis continues as Chairman, President & CEO under agreement effective Jan 1, 2026 to Dec 31, 2028.
Weis Markets Q3 net sales up 4.4% to $1.24B, net income falls 29.4%
Q3 net sales $1.24B (+4.4% YoY); comparable store sales ex-fuel +2.5% (individual) and +5.5% two-year stacked.
Weis Markets Q2 net sales $1.22B (+2.8%), EPS $1.01 vs $0.98 YoY
Net sales $1.22B, up 2.8%; adjusted for Easter shift +1.6%.
Weis Markets buys 2.15M shares from Weis family trusts for $140M, a 12.3% discount to market
Purchased 2,153,846 shares at ~$65/share, aggregate $140M, from trusts of late Patricia R. Weis.
Weis Markets Q1 net sales up 1.6% to $1.20B, net income down 11.6% to $20.5M, EPS $0.76
Net sales $1.20B, up 1.6% vs Q1 2024; adjusted for Easter shift up 2.7%. Comparable store sales ex-fuel up 1.0% (unadjusted) and 4.3% on two-year stacked basis.
Weis Markets annual meeting reelects all five directors, ratifies auditor
All five director nominees elected; Jonathan H. Weis received 19.2M for, 4.5M withheld.
Weis Q4 EPS $1.29 (up 70% YoY); FY EPS $4.09; comp sales +1.9%
Q4 net sales $1.23B (+1.2%); comp store sales ex-fuel +1.1%.
Promotion effective Jan 13, 2025; compensation arrangement finalized Feb 5, 2025.
Weis Markets promotes Bob Gleeson to COO effective Jan 13, 2025
Robert G. Gleeson, age 59, appointed Chief Operating Officer.
Weis Markets Q3 net income up 11.3% to $25.84M; comparable store sales ex-fuel +3.0%
Net sales $1.19B (+2.2% YoY); comparable store sales ex-fuel +3.0% YoY, +4.1% two-year stacked.
Weis Markets COO and Secretary Kurt Schertle departs; CEO Weis named interim COO
Kurt A. Schertle separated as COO and Secretary effective October 16, 2024.
Weis Q2 net income down 23.4% to $26.3M; EPS $0.98 vs $1.27; comp sales up 0.5%
Net sales $1.18B flat YoY; Easter shift reduced sales by ~$14M (1.2%).
Weis Markets Q1 net sales up 2.9% to $1.18B; net income down 10.3% to $23.2M
Comparable store sales excluding fuel increased 3.3% YoY; Easter shift added $14M in net sales.
Weis Markets annual meeting: directors elected, shareholder proposals defeated
All five director nominees elected; highest votes for Harold G. Graber (21,044,823 for).
Weis Markets FY2023 EPS $3.86, down 17% YoY; Q4 EPS $0.76, down 29%
Net sales flat at $4.70B for 52-week FY2023 vs $4.70B for 53-week FY2022; comp store sales up 2.3% adjusted.
Weis Markets SVP Harold Graber to retire Feb 29; COO Schertle becomes Secretary
Harold G. Graber, SVP of Real Estate and Development and Secretary, retiring effective Feb 29, 2024 after 34 years.
Weis Markets Q3 net income falls 19% to $23.2M; comp store sales up 0.8%
Net sales $1.16B, up 0.8% YoY; comparable store sales up 0.8% YoY, 8.7% two-year stacked.
Weis Markets amends revolver: maturity extended to 2027, LC sublimit raised to $30M
Maturity extended to October 1, 2027; revolving commitment remains at $30M base with $70M discretionary.
Weis Markets Q2 net sales up 3.8% to $1.18B; EPS down to $1.27 from $1.35
Net sales $1.18B, +3.8% YoY; comparable store sales +3.5%.
Weis Markets Q1 net sales up 3.7% but net income down 17.8%; EPS $0.96 vs $1.17
Q1 net sales $1.14B (+3.7% YoY); comparable store sales increased 3.1%.
Weis Markets shareholders re-elect all five directors, approve auditor and say-on-pay
All five director nominees elected: Jonathan Weis (20.7M for), Harold Graber (20.6M for), Dennis Hatchell (22.4M for), Edward Lauth (20.3M for), Gerrald Silverman (22.6M for).
Base salary of $1,262,821/year; eligible for bonus, equity, and long-term cash incentive plans.
Weis Markets Q4 comps +9.5%; FY net income $125.2M, EPS $4.65
Q4 net sales $1.31B (+18.0% YoY); comparable store sales up 9.5% adjusted for extra week.
Weis Markets Q3 net sales +8.2% to $1.15B, comp sales +7.9%; dividend raised 6.3%
Q3 net sales $1.15B, up 8.2% YoY; comparable store sales increased 7.9% (12.5% two-year stacked).
Weis Q2 net sales up 8.4% to $1.14B; EPS $1.35 vs $1.24; comp sales +8.4%
Net sales $1.14B for Q2, up 8.4% YoY; comparable store sales up 8.4%.
Weis Markets Q1 sales up 9.7% to $1.1B; EPS $1.17 vs $0.90 YoY
Net sales of $1.1B for the 13 weeks ended March 26, 2022, up 9.7% from $1.0B in Q1 2021.
All five director nominees elected: Jonathan H. Weis, Harold G. Graber, Dennis G. Hatchell, Edward J. Lauth III, Gerrald B. Silverman.
Weis Markets Q4 net income up 16.4% to $22.6M; fiscal year sales record $4.2B
Q4 net sales $1.1B (+8.0% YoY), comp store sales +6.9%, EPS $0.84 vs $0.73.
Weis Markets Q3 net sales up 6.1% to $1.1B; EPS $1.06; dividend raised 3.2%
Net sales $1.1B (+6.1% YoY); comparable store sales +4.6% YoY and +19.4% on two-year stacked basis.
Weis Markets amends revolving credit facility with Wells Fargo, extends maturity to Sept 2024
Unsecured revolving credit facility amended; aggregate principal commitment of $30M with up to $70M discretionary availability.
Weis Markets Q2 net income falls 19.3% to $33.5M; two-year comp sales up 18.3%
Net sales $1.0B, down 4.7% YoY; comparable store sales -5.8% YoY but +18.3% on two-year stacked.
On February 5, 2025, the Company finalized the compensation arrangement with Mr. Gleeson, for his promotion to the role of Chief Operating Officer.
Robert G. Gleeson, age 59, was promoted to Chief Operating Officer of Weis Markets, Inc. (the “Company”) on January 13, 2025.
Upon Mr. Gleeson’s promotion to Chief Operating Officer on January 13, 2025, Jonathan H. Weis, Chairman, President and Chief Executive Officer, ceased to serve as interim Chief Operating Officer of the Company.
Effective October 16, 2024, Kurt A. Schertle separated from service as Chief Operating Officer, Secretary of Weis Markets, Inc. (the "Company").
John (Jack) F. O’Hara, Senior Vice President of Legal Affairs and Real Estate, Assistant Secretary, assumed the duties of interim Secretary of the Company effective October 16, 2024.
Jonathan H. Weis, Chairman, President, and Chief Executive Officer assumed the duties of interim Chief Operating Officer of the Company effective October 16, 2024.
On February 8, 2024, Harold G. Graber, Senior Vice President of Real Estate and Development, Secretary announced his intention to retire from the Company after 34 years of distinguished service effective February 29, 2024.
Kurt A. Schertle, Chief Operating Officer, will assume the duties of Secretary of the Company upon Mr. Graber’s retirement.
John (Jack) F. O’Hara, currently Vice President of Legal Affairs and Real Estate, Assistant Secretary has been promoted to the position of Senior Vice President of Legal Affairs and Real Estate, Assistant Secretary.
Max materiality 0.80 · Median 0.65 · Most common event earnings