SUNBURY, Pa. -- Weis Markets here said a major stock repurchase and the sale of its food- service division a year ago resulted in lower sales and earnings for the second quarter and first half ended June 30. quarter and 34.5% to $25.9 million for the half. The company said the results were impacted by two non-recurring events: The repurchase of shares from the family of the late Sigfried Weis, which resulted in expenses of $5.3 million, as well as a $1.6 million decline in investment ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.