Weis Markets Reports $1.275 Billion Revenue for Second Quarter, Net Income Declines

Weis Markets, Inc. reported a total revenue of $1.275 billion for the thirteen weeks ended June 27, 2026, marking a 4.6% increase from $1.218 billion in the same period last year. For the first half of the fiscal year, total revenue rose to $2.531 billion, up from $2.420 billion in 2025. The company's net income for the second quarter was $22.9 million, a decrease of 9.6% compared to $25.3 million in the prior year. The decline in net income was attributed to increased operating expenses and a decrease in income from operations, which fell to $29.1 million from $30.2 million year-over-year.

The company experienced a notable increase in gross profit, which rose by 7.1% to $328.4 million for the second quarter, resulting in a gross profit margin of 25.8%, up from 25.3% in the previous year. This improvement was driven by retail price inflation across various product categories, including grocery and pharmacy. However, operating expenses also increased, with operating, general, and administrative expenses rising to $299.3 million, or 23.6% of net sales, compared to 22.8% in the prior year. The increase in expenses was primarily due to higher employee costs and utility expenses.

In terms of operational metrics, Weis Markets reported a 2.3% increase in comparable store sales for the second quarter, while excluding fuel, comparable store sales decreased by 0.4%. The company operates 202 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 available at 196 locations, allowing customers to order online for delivery or pickup.

Looking ahead, Weis Markets anticipates continued challenges from inflationary pressures affecting product costs, but remains optimistic about long-term sales growth. The company has access to a revolving credit facility of up to $100 million, which provides financial flexibility for future investments and operational needs. The Board of Directors declared a quarterly dividend of $0.34 per share, reflecting the company's commitment to returning value to shareholders while navigating a competitive retail environment.