Weis Markets(US:WMK)2024-11-05 22:10Financial 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]