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Lowey Dannenberg, P.C. is Investigating Weis Markets Inc. (NYSE: WMK) for Potential Violations of the Federal Securities Laws and Encourages Investors to Contact the Firm
Globenewswire· 2026-03-18 13:29
Core Viewpoint - Weis Markets Inc. is under investigation for potential violations of federal securities laws following the announcement of restated financial statements due to inventory misstatements [1][2]. Group 1: Financial Disclosure - On February 26, 2026, Weis Markets disclosed that it would restate certain financial statements, including audited financial statements for fiscal years 2022 through 2024 and interim financial statements for 2025, due to inaccurately recorded and overstated inventory [2]. - The company announced a delay in filing its 2025 Annual Report on Form 10-K while it completes the review and restatement process [2]. Group 2: Market Reaction - Following the announcement of the restatement, Weis Markets' share price fell by $5.12, or approximately 7.16%, from $71.51 on February 25, 2026, to close at $66.39 on February 26, 2026 [2].
WMK INVESTOR ALERT: Kirby McInerney LLP Investigates Potential Claims Involving Weis Markets, Inc.
Globenewswire· 2026-03-18 00:00
Core Viewpoint - Weis Markets, Inc. is under investigation for potential violations of federal securities laws and other unlawful business practices following the announcement of restated financial statements due to inventory misstatements [1][3]. Group 1: Investigation Details - Kirby McInerney LLP is conducting an investigation on behalf of Weis Markets investors regarding possible violations by the Company or its senior management [1]. - The investigation is ongoing to determine if claims can be filed under federal securities laws [4]. Group 2: Financial Impact - On February 26, 2026, Weis Markets disclosed that it would restate certain financial statements for fiscal years 2022 through 2024 and interim statements for 2025 due to inaccurately recorded and overstated inventory [3]. - Following this announcement, Weis Markets' share price fell by $5.12, or approximately 7.16%, from $71.51 on February 25, 2026, to close at $66.39 on February 26, 2026 [3].
Weis Markets(WMK) - 2025 Q4 - Annual Results
2026-03-13 13:39
Revenue Performance - Fiscal Year 2025 total revenue increased by 3.5% to $4.96 billion compared to $4.79 billion in 2024[8] - Fourth Quarter 2025 total revenue was $1.30 billion, a 5.0% increase from $1.23 billion in the same period of 2024[6] - Comparable store sales excluding fuel for Fiscal Year 2025 increased by 2.1% year-over-year and 4.0% on a two-year stacked basis[8] - Fourth Quarter comparable store sales excluding fuel increased by 2.5% year-over-year and 3.6% on a two-year stacked basis[6][16] Net Income and Earnings - Fourth Quarter net income decreased by 5.1% to $31.96 million compared to $33.70 million in 2024[7] - Fiscal Year 2025 net income was $93.69 million, down 11.6% from $106.02 million in 2024[9] - Fourth Quarter earnings per share were $1.24, slightly down from $1.25 per share in 2024[7] E-commerce and Store Developments - The Company achieved a 21% increase in e-commerce sales during the year[3] - Five new store openings and seven major remodels were completed, supported by significant capital expenditures[3] Dividends - A quarterly cash dividend of $0.34 per share was declared, payable on March 3, 2026[10]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Weis Markets, Inc. - WMK
Prnewswire· 2026-03-12 22:25
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Weis Markets, Inc. following the company's announcement of restating financial statements due to inventory misstatements [1] Group 1: Company Overview - Weis Markets, Inc. is publicly traded on the NYSE under the ticker WMK [1] - The company disclosed that it will restate financial statements for fiscal years 2022 through 2024 and interim financial statements for 2025 [1] Group 2: Financial Impact - Following the announcement of the restatement, Weis Markets' stock price dropped by $5.12 per share, representing a decline of 7.16%, closing at $66.39 per share on February 26, 2026 [1] Group 3: Legal Investigation - Pomerantz LLP is reaching out to investors of Weis Markets to investigate claims related to potential securities fraud [1] - The firm has a long history in corporate and securities class litigation, having recovered significant damages for victims of securities fraud and corporate misconduct [1]
WEIS MARKETS REPORTS FOURTH QUARTER AND FISCAL YEAR 2025 RESULTS
Prnewswire· 2026-03-12 21:39
Core Insights - Weis Markets reported a total revenue increase of 3.5% for fiscal year 2025, reaching $4.96 billion compared to $4.79 billion in 2024 [1] - Comparable store sales excluding fuel increased by 2.1% year-over-year for fiscal year 2025 [1] - The company experienced a 21% increase in e-commerce sales and benefited from elevated pharmacy volume following a competitor's exit from the market [1] Fourth Quarter Results - Total revenue for the fourth quarter of 2025 was $1.30 billion, a 5.0% increase from $1.23 billion in the same period of 2024 [1] - Comparable store sales excluding fuel increased by 2.5% year-over-year in the fourth quarter [2] - Net income for the fourth quarter was $31.96 million, a decrease of 5.1% from $33.70 million in 2024 [2] Fiscal Year Results - Fiscal year 2025 net income was $93.69 million, down 11.6% from $106.02 million in 2024 [1] - Earnings per share for fiscal year 2025 were $3.65, compared to $3.94 per share in 2024 [2] - The company reported a 4.0% increase in two-year stacked comparable store sales excluding fuel for fiscal year 2025 [2] Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on March 3, 2026 [1]
Weis Markets(WMK) - 2025 Q4 - Annual Report
2026-03-12 20:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 27, 2025 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to_________ Commission File Number 1-5039 WEIS MARKETS, INC. (Exact name of registrant as specified in its charter) Pennsylvania (S ...
WEIS MARKETS ALERT: Bragar Eagel & Squire, P.C. is Investigating Weis Markets, Inc. on Behalf of Weis Markets Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2026-03-05 23:59
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Weis Markets, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1]. Investigation Details - The investigation is focused on whether Weis Markets has engaged in unlawful business practices that may have led to financial losses for investors [2]. Recent Developments - On February 26, 2026, Weis Markets disclosed that it will restate certain financial statements due to inaccurately recorded and overstated inventory, affecting audited financial statements for fiscal years 2022 through 2024 and interim financial statements for 2025 [6]. - Following this announcement, Weis Markets' share price fell by $5.12, or approximately 7.16%, from $71.51 on February 25, 2026, to close at $66.39 on February 26, 2026 [6]. Next Steps - Investors who purchased or acquired shares in Weis Markets and suffered losses are encouraged to contact Bragar Eagel & Squire for more information regarding their legal rights and potential claims [3]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation, including securities and commercial litigation [4].
WEIS MARKETS INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
Businesswire· 2026-03-04 23:00
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Weis Markets, Inc. ("Weis Markets†or the "Company†) (NYSE:WMK). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] What Happened? On February 26, 2026, Weis Markets filed a Form 8-K disclosing that certain previously issued finan. ...
Weis Markets, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
Globenewswire· 2026-02-26 17:22
Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Weis Markets, Inc. due to concerns over executive officers' actions and the possibility of recovering investor losses under federal securities laws [1]. Group 1: Investigation Details - The investigation was initiated following Weis Markets' disclosure on February 26, 2026, that it will restate certain financial statements from fiscal years 2022 through 2024 and interim financial statements for 2025 due to inaccurately recorded and overstated inventory [3]. - Weis Markets announced a delay in filing its 2025 Annual Report on Form 10-K while it completes the review and restatement process [3]. - Following these disclosures, Weis Markets' shares experienced a decline on February 26, 2026, prompting the investigation into compliance with federal securities laws [4]. Group 2: Investor Information - Investors who purchased Weis Markets securities and suffered losses are encouraged to join the investigation, with no cost or obligation [2]. - For further information, investors can contact Jim Baker at Johnson Fistel [2]. Group 3: About Johnson Fistel - Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with multiple offices across the United States, representing both individual and institutional investors in securities class action lawsuits [5]. - The firm has been recognized among the Top 10 Plaintiff Law Firms in 2024, having recovered approximately $90,725,000 for clients in cases where it served as lead or co-lead counsel [6].
WEIS MARKETS, INC. REPORTS DELAY OF ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 27, 2025
Prnewswire· 2026-02-25 22:00
Core Viewpoint - Weis Markets, Inc. has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 27, 2025, due to the need for additional time to review and restate historical financial statements related to overstated inventory amounts [1] Financial Impact - The company estimates that the incorrect recording of overstated inventory amounts could be up to $22 million as of the quarter ended September 27, 2025, which represents approximately 6.7% of inventories within current assets and about 1.1% of total assets on the consolidated balance sheet [1] - Net sales and other revenue for the fiscal year ended December 27, 2025, totaled $4.96 billion, an increase of 3.5% compared to $4.79 billion for the fiscal year ended December 28, 2024 [1] - Comparable store sales excluding fuel increased by 2.1% year-over-year and by 4.0% on a two-year stacked basis for fiscal year 2025 [1] Company Background - Weis Markets, Inc. is a Mid Atlantic food retailer founded in 1912, operating 203 stores across Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia [1]