Weis Markets reports Q2 comps increase

SUNBURY, Pa. — Weis Markets have delivered an increase in comparable-store sales once again. The company on Wednesday reported a 2.7% rise in comps, after adjustment for the Easter holiday shift, for the 13-week period ended July 1.

For the quarter, sales rose 20% to $876.6 million. The company also increased its operating income 15.2% in the quarter, bringing it to $27.7 million, compared with $24.1 million in the same period last year. Net income hit $18.5 million — a 21% increase over Q2 last year.

For the year-to-date, the company has posted a 17.7 increase in sales bringing the total to $1.7 billion. Operating income decreased over last year’s Q2, hitting $48 million, compared with $55.3 million in the prior-year period.

"Our comparable stores have now increased for the thirteenth consecutive quarter," said Weis Markets Chairman and Chief Executive Officer Jonathan Weis.  "During this period our sales and net income benefited from the strong performance of our pharmacy and deli-food service departments, sustained and varied promotions throughout our seven state market area and increased store level efficiencies and expense controls."