Grocer serves up 13th consecutive quarter of same-store sales gains

8/2/2017

Weis Markets saw its sales and income increase in its second quarter.



The company’s net income in the quarter totaled $18.5 million, a 21% increase over the year-ago period. Operating income rose 15.2% to $27.7 million, compared with $24.1 million in the same period last year.



Sales rose 20% to $876.6 million. Same-store sales rose 2.7%, after adjustment for the Easter holiday shift.



"Our comparable stores have now increased for the thirteenth consecutive quarter," said Jonathan Weis, chairman and CEO, Weiss Markets, which operates 204 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia.. "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."


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