Weis Markets(WMK) - 2025 Q2 - Quarterly Results

Company Overview and Management Commentary The company provides an overview of its Q2 2025 performance, strategic initiatives, and corporate background Introduction and CEO Statement Weis Markets reports Q2 2025 results in line with expectations and outlines strategic investments in pricing and store expansion - Second quarter 2025 results, adjusted for certain items, are in line with expectations despite market changes and macroeconomic uncertainty[3] - The company continues to make significant price investments in a market impacted by cautious customer spending[3] - A new store was opened in Frederick County, Maryland, with another planned for Charlotte Hall, MD later this summer[3] About Weis Markets Weis Markets, Inc, founded in 1912, is a Mid-Atlantic food retailer operating 199 stores across seven states - Founded in 1912, Weis Markets, Inc is a Mid-Atlantic food retailer operating 199 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia[8] Financial Performance Highlights The company details its second quarter and year-to-date financial results, including sales, net income, and dividend declarations Second Quarter 2025 Results The company reports a 2.8% increase in Q2 net sales to $1.22 billion and a 1.0% rise in net income to $26.53 million Q2 2025 vs Q2 2024 | Metric | Q2 2025 | Q2 2024 | Change (%) | | :-------------------------------- | :---------- | :---------- | :--------- | | Net sales and other revenue | $1.22 billion | $1.19 billion | 2.8% | | Net sales (adjusted for Easter shift) | - | - | 1.6% | | Comparable store sales (excl. fuel) | - | - | 2.3% | | Net income | $26.53 million | $26.26 million | 1.0% | | EPS | $1.01 | $0.98 | - | - Second quarter net income included $1.1 million in pre-tax expenses from a related party share purchase agreement[5] Year-To-Date 2025 Results Year-to-date net sales increased 2.1% to $2.42 billion, while net income decreased 4.9% to $47.00 million YTD 2025 vs YTD 2024 | Metric | YTD 2025 | YTD 2024 | Change (%) | | :-------------------------------- | :---------- | :---------- | :--------- | | Net sales and other revenue | $2.42 billion | $2.37 billion | 2.1% | | Comparable store sales (excl. fuel) | - | - | 1.7% | | Net income | $47.00 million | $49.42 million | -4.9% | | EPS | $1.77 | $1.84 | - | - Year-to-date net income included $1.1 million in pre-tax expenses from a related party share purchase agreement[7] Quarterly Cash Dividend The Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on August 11, 2025 Dividend Details | Dividend Type | Amount per Share | Record Date | Payment Date | | :------------ | :--------------- | :---------- | :----------- | | Quarterly Cash | $0.34 | July 28, 2025 | August 11, 2025 | Detailed Financial Data This section presents detailed income statements and year-over-year sales analysis for Q2 and YTD 2025 Condensed Consolidated Statements of Income This statement details revenues, costs, and profits for the 13-week and 26-week periods ending June 28, 2025 (Unaudited, in thousands, except per share data) 13 Weeks Ended | Metric | June 28, 2025 | June 29, 2024 | | :-------------------------------- | :------------ | :------------ | | Net sales | $1,214,479 | $1,181,456 | | Total revenue | $1,218,796 | $1,185,719 | | Gross profit on sales | $308,365 | $299,024 | | Income from operations | $31,937 | $32,489 | | Net income | $26,526 | $26,259 | | Basic and diluted EPS | $1.01 | $0.98 | 26 Weeks Ended | Metric | June 28, 2025 | June 29, 2024 | | :-------------------------------- | :------------ | :------------ | | Net sales | $2,411,284 | $2,360,370 | | Total revenue | $2,419,572 | $2,368,670 | | Gross profit on sales | $607,866 | $594,034 | | Income from operations | $54,972 | $59,852 | | Net income | $47,004 | $49,424 | | Basic and diluted EPS | $1.77 | $1.84 | Individual Year-Over-Year Sales Analysis This analysis details percentage changes in various sales metrics for the 13-week and 26-week periods of 2025 vs 2024 Sales Growth (2025 vs 2024) 13 Weeks Ended | Metric | Percentage Change (%) | | :-------------------------------- | :-------------------- | | Net sales | 2.8 | | Net sales, excluding fuel | 3.2 | | Net sales, adjusted for Easter shift | 1.6 | | Comparable store sales (individual year) | 1.8 | | Comparable store sales, excluding fuel (individual year) | 2.3 | | Comparable store sales, adjusted for Easter shift (individual year) | 0.6 | 26 Weeks Ended | Metric | Percentage Change (%) | | :-------------------------------- | :-------------------- | | Net sales | 2.2 | | Net sales, excluding fuel | 2.3 | | Comparable store sales (individual year) | 1.4 | | Comparable store sales, excluding fuel (individual year) | 1.7 | Two-Year Stacked Comparable Store Sales This section presents comparable store sales on an individual and two-year stacked basis for a broader trend perspective Comparable Store Sales Growth (%) 13 Weeks Ended | Metric | 2025 vs. 2024 (%) | 2024 vs. 2023 (%) | Two-Year Stacked (%) | | :-------------------------------- | :---------------- | :---------------- | :------------------- | | Comparable store sales | 1.8 | 0.5 | 2.3 | | Comparable store sales, excluding fuel | 2.3 | 0.3 | 2.6 | | Comparable store sales, adjusted for Easter shift | 0.6 | - | - | 26 Weeks Ended | Metric | 2025 vs. 2024 (%) | 2024 vs. 2023 (%) | Two-Year Stacked (%) | | :-------------------------------- | :---------------- | :---------------- | :------------------- | | Comparable store sales | 1.4 | 1.8 | 3.2 | | Comparable store sales, excluding fuel | 1.7 | 1.8 | 3.5 | Legal and Methodological Disclosures This section outlines forward-looking statements, associated risks, and the use of non-GAAP financial measures Forward-Looking Statements and Non-GAAP Measures This section discloses risks related to forward-looking statements and explains the use of non-GAAP measures - The news release contains forward-looking statements subject to risks and uncertainties, including economic conditions, tariffs, industry trends, regulations, technology, and competition[9] - Management provides a two-year stacked comparable store sales analysis as a non-GAAP measure, which is not a substitute for GAAP results[9]