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Weis Markets Q4 Earnings Nearly Double


Sunbury, Pa. Weis Markets Inc., which operates supermarkets in five mid-Atlantic states, said Wednesday its fourth-quarter earnings nearly doubled as the company helped increase sales through promotions and improved efficiency.

Net income for the quarter ended Dec. 27 jumped to $17 million, from $8.6 million, a year earlier.

Quarterly sales rose 3% to $619.4 million from about $603 million in the fourth quarter of 2007. Same-store sales gained 2.2%.

For the full year, earnings fell 8% to $47 million. Sales rose 4.5% to $2.42 billion from $2.32 billion in the prior year. Same-store sales rose 4.3%.

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