Weis Markets(US:WMK) Prnewswireยท2025-08-06 12:30Core Viewpoint - Weis Markets, Inc. reported a modest increase in net sales and net income for the second quarter of 2025, reflecting ongoing market changes and macroeconomic uncertainty, while continuing to invest in pricing strategies to attract cautious consumers [2][3]. Financial Performance - Second quarter net sales totaled $1.22 billion, up 2.8% from $1.19 billion in the same period in 2024, with an adjusted increase of 1.6% accounting for the Easter holiday shift [3][4]. - Net income for the second quarter was $26.53 million, a 1.0% increase from $26.26 million in 2024, with earnings per share rising to $1.01 from $0.98 [4]. - Year-to-date net sales reached $2.42 billion, a 2.1% increase from $2.37 billion in 2024, while year-to-date net income was $47.00 million, down 4.9% from $49.42 million in 2024 [5][6]. Comparable Store Sales - Comparable store sales excluding fuel increased by 2.3% year-over-year for the second quarter and 1.7% year-to-date [3][5]. - Two-year stacked comparable store sales showed a 2.6% increase for the second quarter and a 3.5% increase year-to-date [5][14]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on August 11, 2025, to shareholders of record as of July 28, 2025 [7]. Company Overview - Weis Markets, Inc. operates 199 stores across several Mid-Atlantic states, continuing its long-term growth strategy through new store openings and community engagement [8].