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 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 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 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 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%.
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 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.
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 0.60 · Most common event earnings