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].

Financial Performance - Second quarter net sales totaled $1.18 billion, a slight increase of 0.2% compared to the same period in 2023[2] - Comparable store sales for the second quarter increased 1.7% when adjusted for the Easter holiday shift, and 0.5% on a year-over-year basis[10] - Year-to-date net sales reached $2.36 billion, up 1.6% from $2.32 billion in the same period of 2023[3] - Second quarter net income decreased by 23.4% to $26.26 million, down from $34.27 million in 2023[2] - Year-to-date net income totaled $49.42 million, a decline of 17.7% compared to $60.08 million in 2023[3] - Second quarter earnings per share were $0.98, down from $1.27 per share in 2023[2] - Year-to-date earnings per share decreased to $1.84 from $2.23 in the same period of 2023[3] Pricing and Promotions - The company increased price investments by lowering prices on 600 high-demand dairy items as part of its Low, Low, Price program[1] - The Weis Rewards loyalty marketing program has been enhanced to offer more fuel and retail product savings[1] Operational Focus - The company continues to focus on operational efficiencies and cost management discipline amid a challenging market environment[1]

Company's second quarter comparable store sales, adjusted for Easter shift, increased 1.7 percent. SUNBURY, Pa., Aug. 6, 2024 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) today reported its financial results for the 13-week second quarter and 26-week year-to-date period ended June 29, 2024. "Our second quarter 2024 results, which were negatively impacted by the Easter holiday shift, are in line with our expectations despite an extremely challenging market environment marked by continuing customer caution, ...

SUNBURY, Pa., July 18, 2024 /PRNewswire/ -- Weis Markets, Inc.'s (NYSE: WMK) Board of Directors today declared a quarterly dividend of $0.34 per share to shareholders of record as of July 29, 2024 payable on August 12, 2024. SOURCE Weis Markets About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid-Atlantic food retailer operating 196 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/Weis ...

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 30, 2023 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 ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Dennis Curtin Weis Markets, Inc. 570-847-3636 dennis.curtin@weismarkets.com WEIS MARKETS REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS Company's fiscal year 2023 comparable store sales, adjusted for an additional week in 2022 and excluding fuel, increased 2.3 percent Sunbury, PA (February 27, 2024) – Weis Markets, Inc. (NYSE: WMK) today reported its financial results for the 13-week fourth quarter and the 52-week fiscal year period ended Decembe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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 24-0755415 ...