Weis Markets reported higher third-quarter sales despite what CEO Jonathan Weis described as “ongoing cautious consumer spending and macroeconomic uncertainty”.

“Through successful customer engagement and operational excellence, our team increased net sales and gross profits,” he said.

“We continue to make significant investments in our associates, technologies and facilities to improve efficiencies, enhance the customer experience and generate long-term shareholder value.”

For the 13 weeks ended September 27, net sales and other revenue rose 4.4 per cent to $1.24 billion, compared to $1.19 billion in the same period last year. Comparable store sales excluding fuel increased 2.5 per cent year over year and 5.5 per cent on a two-year stacked basis.

However, net income for the quarter fell 29.4 per cent to $18.23 million, down from $25.84 million a year earlier.

For the 39-week year-to-date period, net sales and other revenue grew 2.9 per cent to $3.66 billion, while comparable store sales excluding fuel increased 1.9 per cent.

Year-to-date net income declined 13.3 per cent to $65.24 million, compared to $75.26 million last year.

“We are grateful for the hard work and dedication of our associates for their excellent service and commitment to our customers and communities every day,” Weis concluded.

Founded in 1912, Weis Markets operates 201 stores across Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia.