Group 1 - The article discusses the analysis of oil and gas companies, focusing on identifying undervalued names within the industry [1] - The analysis includes a breakdown of essential factors such as balance sheets, competitive positions, and development prospects of the companies [1] - The service offers exclusive insights to members, including analyses not available on the free site [1] Group 2 - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] - The author has extensive experience in the industry, holding qualifications such as an MBA and MA, and is a retired CPA [2]

Financial Performance - Weis Markets reported first quarter net sales of $1.20 billion, a 1.6% increase from $1.18 billion in the same period in 2024[4] - Adjusted for the Easter holiday shift, net sales increased by 2.7% compared to the previous year[4] - First quarter net income decreased to $20.48 million, down 11.6% from $23.17 million in 2024[5] - Earnings per share for the first quarter were $0.76, compared to $0.86 per share for the same period in 2024[5] - Comparable store sales excluding fuel increased by 1.0% year-over-year and 4.3% on a two-year stacked basis[4][16] - The first quarter saw a gross profit of $299.5 million, compared to $295.0 million in 2024[12] - Operating income for the first quarter was $23.04 million, down from $27.36 million in the same period last year[12] Expansion Plans - The company is building four new stores in 2025, the first since 2022, with three expected to open by the end of this year[7] Shareholder Returns - A quarterly cash dividend of $0.34 per share was declared, payable on May 27, 2025[8] - The company made significant investments in long-term capital expenditures to enhance shareholder value[6]

Company's first quarter net sales, adjusted for Easter holiday shift, increased 2.7 percent SUNBURY, Pa., May 7, 2025 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) today reported its financial results for the 13-week first quarter ended March 29, 2025. "Our first quarter 2025 results, adjusted for the year-over-year Easter holiday shift, are in line with our expectations despite the challenges of an uncertain macroeconomic environment," said Weis Markets, Inc. Chairman, President, and CEO Jonathan H. Weis. ...

Group 1 - The article discusses Weis Markets, Inc. (NYSE: WMK) and its performance following the Q2 earnings release, maintaining a 'Hold' rating due to growth issues faced by the company [1] - The company is characterized as a Pennsylvanian supermarket retailer, indicating its regional focus and market positioning [1] Group 2 - The article does not provide any specific financial metrics or performance data related to Weis Markets, Inc. [1]

Financial Performance - Total revenue for the fiscal year ended December 28, 2024, was $4,791.73 million, an increase from $4,714.57 million in 2023, representing a growth of 1.64%[141]. - Net income for the fiscal year 2024 was $109.94 million, compared to $103.83 million in 2023, reflecting an increase of 5.09%[141]. - Gross profit for 2024 was $1,204.08 million, up from $1,179.56 million in 2023, indicating a growth of 2.07%[141]. - The company reported a weighted-average basic and diluted earnings per share of $4.09 for 2024, up from $3.86 in 2023, a growth of 5.95%[141]. - Net income for the fiscal year ended December 28, 2024, was $109.941 million, a 5.4% increase from $103.828 million in 2023[148]. - Total shareholders' equity increased to $1.446 billion as of December 28, 2024, up from $1.374 billion in 2023, reflecting a growth of 5.2%[145]. Expenses and Costs - Employee-related costs comprised approximately 55.7% of total operating expenses, with direct store labor increasing by 0.2% in 2024 compared to 2023[99]. - The net lease cost for the fiscal year ended December 28, 2024, was $46.686 million, a decrease from $48.312 million in 2023, indicating a reduction of approximately 3.4%[199]. - The total retirement plan costs for the fiscal year ended December 28, 2024, were $4.388 million, down from $7.578 million in 2023, showing a decline of approximately 42.9%[206]. - The company reported a depreciation and amortization expense of $113.875 million for 2024, up from $108.438 million in 2023[148]. - Advertising expenses before vendor paid cooperative advertising credits were $25.5 million in 2024, up from $24.2 million in 2023, indicating a growth of 5.4%[183]. Cash Flow and Investments - Net cash provided by operating activities decreased to $187.5 million in 2024 from $201.6 million in 2023[113]. - Cash flows from operating activities for 2024 were $187.467 million, compared to $201.602 million in 2023, indicating a decrease of 7%[148]. - The investment portfolio totaled $192.0 million as of December 28, 2024, consisting of high-grade bonds and large-cap equity securities[108]. - The Company recognized investment income of $18.6 million in 2024, which included an unrealized gain in equity securities of $1.0 million, compared to $9.5 million in 2023[192]. - The company’s SERP investments reported an investment income of $3.4 million in 2024, down from an investment loss of $3.8 million in 2022, showing a significant recovery[194]. Assets and Liabilities - The total assets of the company increased to $2,107.44 million in 2024 from $2,039.63 million in 2023, reflecting a growth of 3.32%[138]. - The company’s total liabilities decreased slightly to $661.41 million in 2024 from $665.30 million in 2023, a decline of 0.28%[138]. - The company’s inventories increased to $308.90 million in 2024 from $296.16 million in 2023, marking a rise of 4.93%[138]. - The company’s accounts receivable increased to $81.57 million in 2024 from $65.09 million in 2023, a rise of 25.38%[138]. - The company had accounts receivable due from vendors of $318 thousand for earned advertising credits as of December 28, 2024[181]. Capital Expenditures and Acquisitions - Capital expenditures totaled $168.5 million in 2024, representing 3.5% of sales, an increase from 2.2% in 2023[115]. - The company completed a business acquisition in 2024 for cash consideration totaling $16.2 million[115]. - The company invested $161.349 million in property and equipment during 2024, an increase from $104.010 million in 2023[148]. - The total property and equipment at cost increased to $2,766.765 million in 2024 from $2,608.932 million in 2023, representing a growth of about 6.0%[197]. Taxation - The effective income tax rate was 26.8% in 2024, down from 29.2% in 2023, primarily due to state taxes and nondeductible expenses[106]. - The Company recognized deferred tax assets and liabilities based on enacted tax rates expected to apply to taxable income in future years[176]. Dividends - The company paid dividends of $36.6 million in 2024, consistent with 2023, and increased the quarterly dividend from $0.32 to $0.34 per share in Q4 2022[116]. - Dividends paid remained consistent at $36.582 million for both 2024 and 2023, compared to $34.968 million in 2022[148]. - The company maintained a dividend of $1.36 per share for both 2024 and 2023, indicating stability in its dividend policy[141].

Financial Performance - Fiscal Year 2024 net sales totaled $4.77 billion, an increase of 1.6% compared to $4.70 billion in 2023[6] - Fourth Quarter 2024 net sales reached $1.23 billion, up 1.2% from $1.21 billion in the same period of 2023[4] - Fiscal Year 2024 net income was $109.94 million, a 5.9% increase from $103.83 million in 2023[7] - Fourth Quarter 2024 net income totaled $34.68 million, representing a 69.0% increase compared to $20.52 million in 2023[5] - Earnings per share for Fiscal Year 2024 were $4.09, up from $3.86 in 2023[7] Sales Growth - E-commerce sales increased by 46% in 2024, contributing to overall sales growth[3] - Comparable store sales excluding fuel for Fiscal Year 2024 rose by 1.9% year-over-year and 4.2% on a two-year stacked basis[6] Store Development - The company completed 12 major store development projects and began construction on four new stores in growing markets[3] Dividends - A quarterly cash dividend of $0.34 per share was declared, payable on March 4, 2025[8] Technology Integration - The company integrated technology to improve efficiencies and manage expenses while enhancing customer experience[3]

Core Points - Weis Markets, Inc. has promoted Bob Gleeson to Chief Operating Officer (COO) [1][2] - As COO, Mr. Gleeson will oversee various departments including merchandising, marketing, advertising, store operations, information technology, asset protection, pharmacy, and supply chain [2] - Mr. Gleeson has been with the company since 2018, holding several leadership positions prior to this promotion [3] Company Overview - Weis Markets, Inc. was founded in 1912 and operates 198 stores across multiple states including Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia [4]

Oil & Gas Industry Analysis - The oil and gas industry is described as a cyclical, boom-bust sector that requires patience and experience to navigate effectively [2] - Long-term focus and expertise are emphasized as critical for success in this industry [2] Weis Markets Overview - Weis Markets (NYSE: WMK) is a long-established company that has maintained consistent operations over the years [2] - The company recently announced the purchase of its third store in the current fiscal year, indicating ongoing expansion efforts [2] Research Methodology - The analysis focuses on identifying undervalued companies in the oil and gas sector through comprehensive research [1] - Key aspects of company evaluation include balance sheet analysis, competitive positioning, and development prospects [1] - Exclusive research and analysis are provided to members of the Oil & Gas Value Research service, offering insights not available on the free platform [1]

Financial Performance - Net sales for the third quarter of 2024 totaled $1.19 billion, an increase of 2.2% compared to $1.16 billion in the same period of 2023[3] - Net income for the third quarter was $25.84 million, up 11.3% from $23.23 million in 2023[4] - Year-to-date net sales reached $3.55 billion, reflecting a 1.8% increase from $3.48 billion in the same period of 2023[5] - Year-to-date net income totaled $75.26 million, down 9.7% from $83.31 million in 2023[6] - Earnings per share for the third quarter were $0.96, compared to $0.86 per share in 2023[4][11] Sales Growth - Comparable store sales excluding fuel increased by 3.0% year-over-year and 4.1% on a two-year stacked basis[3][13] - Year-to-date comparable store sales excluding fuel increased by 2.2% year-over-year and 5.3% on a two-year stacked basis[5][14] - The Weis Rewards loyalty marketing program contributed to the sales increase, alongside investments in over 10,000 high-demand products[2] Product Expansion - The company added 448 household essential items across eight non-food categories during the quarter[2] Dividend Declaration - The company declared a quarterly cash dividend of $0.34 per share, payable on November 26, 2024[7]

Core Viewpoint - Weis Markets, Inc. reported a solid performance in the third quarter of 2024, with comparable store sales increasing despite a challenging post-inflationary environment [2][3]. Financial Performance - Net sales for the third quarter totaled $1.19 billion, a 2.2% increase from $1.16 billion in the same period of 2023 [3][11]. - Comparable store sales excluding fuel increased by 3.0% year-over-year and 4.1% on a two-year stacked basis [3][13]. - Net income for the third quarter was $25.84 million, up 11.3% from $23.23 million in 2023, with earnings per share rising to $0.96 from $0.86 [4][11]. Year-To-Date Results - Year-to-date net sales reached $3.55 billion, a 1.8% increase from $3.48 billion in the same period of 2023 [5][12]. - Year-to-date comparable store sales excluding fuel increased by 2.2% year-over-year and 5.3% on a two-year stacked basis [5][13]. - Year-to-date net income totaled $75.26 million, down 9.7% from $83.31 million in 2023, with earnings per share decreasing to $2.80 from $3.10 [6][12]. Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on November 26, 2024, to shareholders of record as of November 12, 2024 [7]. Company Overview - Weis Markets, Inc. operates 198 stores across several Mid Atlantic states, including Pennsylvania, Maryland, and New York, and has been in operation since 1912 [8].