-
Weis Markets profit rises in Q2; sales flat
Sunbury, Pa. -- Weis Markets reported Tuesday 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.
Sales were essentially flat at $677.1 million, and same-store sales inched up 0.4%.
President and CEO David Hepfinger cited a “stagnant sales environment” for the near-flat sales but said the grocer continues to improve efficiencies and store-level productivity.
-
Consumer confidence unexpectedly rises in July
New York -- Consumer confidence unexpectedly rose in July as Americans were more optimistic about the short-term outlook than they were about their current conditions, according to a report released Tuesday by The Conference Group, private research group. The report showed that while consumers are feeling better about the economy, they remain wary about the labor markets.