WEIS MARKETS, INC. REPORTS DELAY OF ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 27, 2025

Core Viewpoint - Weis Markets, Inc. has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 27, 2025, due to the need for additional time to review and restate historical financial statements related to overstated inventory amounts [1] Financial Impact - The company estimates that the incorrect recording of overstated inventory amounts could be up to $22 million as of the quarter ended September 27, 2025, which represents approximately 6.7% of inventories within current assets and about 1.1% of total assets on the consolidated balance sheet [1] - Net sales and other revenue for the fiscal year ended December 27, 2025, totaled $4.96 billion, an increase of 3.5% compared to $4.79 billion for the fiscal year ended December 28, 2024 [1] - Comparable store sales excluding fuel increased by 2.1% year-over-year and by 4.0% on a two-year stacked basis for fiscal year 2025 [1] Company Background - Weis Markets, Inc. is a Mid Atlantic food retailer founded in 1912, operating 203 stores across Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia [1]