Weis Markets(US:WMK)2025-05-07 13:00Financial 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]