Net income at Weis Markets Inc. plummeted close to 47% during the second quarter of fiscal 2014, compared to the prior year period.
Weis Markets plans to invest $101 million in its growth program in 2014.
Declining sales across a variety of categories negatively affected year-over-year fiscal performance of Weis Markets Inc. during the fourth quarter and fiscal year 2013.
Weiss Markets named Jonathan Weis as president and CEO. Weis, 46, will also retain his role as vice chairman of the chain.
Weis Markets announced that company president and CEO David J. Hepfinger has left the company to pursue other interests.
Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.
Weis Markets has promoted Paul Stombaugh to VP/corporate controller.
Profitect announced that Weis Markets has selected its cloud-based Profit Amplification solution, a pattern-seeking predictive analytics tool, for deployment throughout the chain.
Weis Markets Inc. reported that net income for the third quarter increased 1.2% to $17.2 million.
Weis Markets reported that net income for the quarter ended June 30 rose 12.1% to $23.2 million, compared with $20.7 million in the year-ago period.
Weis Markets has closed on its purchase of three former Genuardi's stores and is slated to reopen them on June 16.
Weis Markets on announced it has begun the construction of an environmentally innovative 65,000-sq.-ft. superstore in Fogelsville, Pa.
Weis Markets said it will invest $125 million in its 2012 growth program, a 25% increase compared with 2011.
Save-A-Lot, a wholly owned subsidiary of Supervalu, will open 13 stores in February and March.
Safeway Inc. said that it has agreed to sell three of its Genuardi's stores in Pennsylvania to grocery chain Weis Markets.