‘Hard work’ pays off for Weis Markets in second quarter

(Source: WeisMarkets/Facebook)

Food retailer Weis Markets has reported “solid” results in the second quarter as the company continues to make strategic investments to ensure long-term profitable growth.

The company operates 197 stores in the country and has a presence in New Jersey, New York, Pennsylvania, Maryland, Delaware, West Virginia and Virginia.

During the 13 weeks to July 1, the business achieved $1.18 billion in net sales, up 3.8 per cent while comparable store sales grew by 3.5 per cent and net income reached $34.27 million.

Meanwhile, for 26 weeks to July 1, net sales reached $2.32 billion, up 3.8 per cent while net income registered $60.08 million. Comparable store sales grew by 3.3 per cent.

Chairman and CEO, Jonathan H. Weis, said: “In the second quarter, we generated solid results due to the hard work and commitment of our associates at every level of our company.

“We are keenly aware that our customers are looking for value and savings as they navigate the challenges of inflation, higher interest rates, and reduced government benefits.”

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