WEIS MARKETS REPORTS FIRST QUARTER 2025 RESULTS

Core Insights - Weis Markets, Inc. reported a 2.7% increase in net sales for the first quarter of 2025, adjusted for the Easter holiday shift, indicating resilience despite macroeconomic challenges [2][3] - The company's net income decreased by 11.6% year-over-year, totaling $20.48 million, with earnings per share dropping from $0.86 to $0.76 [4][11] - The company is investing in long-term capital projects, including the construction of four new stores, aimed at enhancing customer experience and operational efficiency [5][6] Financial Performance - Total net sales and other revenue for the first quarter reached $1.20 billion, up from $1.18 billion in the same period of 2024, reflecting a 1.6% increase [3][11] - Comparable store sales, excluding fuel, increased by 1.0% year-over-year, while two-year stacked comparable store sales rose by 4.3% [3][14] - The cost of sales increased to $901.27 million from $887.19 million, impacting gross profit which rose slightly to $299.50 million from $295.01 million [11] Strategic Initiatives - The company is focusing on strategic cost investments in technology and associates to improve efficiency and customer service [2] - In 2024, Weis Markets completed 17 projects, including six major remodels, and plans to open three new stores by the end of 2025 [5][6] - A quarterly cash dividend of $0.34 per share was declared, reflecting the company's commitment to returning value to shareholders [7]