Weis Markets Reports $1.26 Billion Revenue and 42.5% Net Income Increase for Thirteen Weeks Ended March 28, 2026

Weis Markets, Inc. reported a total revenue of $1.26 billion for the thirteen weeks ended March 28, 2026, marking a 4.6% increase from $1.20 billion in the same period last year. The company's net income rose significantly by 42.5% to $27.85 million, compared to $19.55 million in the prior year. This increase in profitability was driven by a gross profit margin improvement to 26.4%, up from 24.9% in the previous year, reflecting effective cost management and pricing strategies amid inflationary pressures in the grocery sector.

The company experienced notable changes in its operational metrics, with comparable store sales increasing by 2.1% year-over-year, including fuel sales, and 1.2% when excluding fuel. Weis Markets operates 201 retail stores across Pennsylvania and six surrounding states, employing over 22,000 individuals. The company continues to enhance its customer offerings, including the "Weis 2 Go Online" service, which is now available at 195 locations, allowing customers to order online for delivery or pickup.

In terms of financial health, Weis Markets reported a decrease in current liabilities from $352.73 million at the end of December 2025 to $330.56 million by March 2026. The company’s cash and cash equivalents also decreased to $97.72 million from $117.09 million, while marketable securities increased to $101.12 million. The company’s total assets remained relatively stable at $2.03 billion, down slightly from $2.03 billion at the end of the previous fiscal year. The company declared a quarterly dividend of $0.34 per share, consistent with the previous year, reflecting its commitment to returning value to shareholders.

Looking ahead, Weis Markets anticipates continued growth despite the challenges posed by inflation and competitive pressures in the retail grocery market. The company is focused on maintaining its market position through strategic investments in store expansions, technology upgrades, and enhanced customer service initiatives. Management remains optimistic about long-term sales growth, although it acknowledges the potential impact of fluctuating economic conditions on its operations. The company is also actively addressing internal control weaknesses identified in previous financial statements, implementing measures to strengthen its financial reporting processes.