SUNBURY, Pa. -- Weis Markets here said last week sales rose for the year and fourth quarter ended Dec. 26, while earnings increased for the year but fell for the quarter.
e programs; and a write-off of leasehold improvements on remodeled properties. The write-offs were largely offset by a one-time gain derived from the sale of securities during the quarter, the company added.
Weis said the sales and earnings gains resulted from the maturing sales growth of stores built, remodeled or expanded since 1995; the successful expansion of its preferred-shopper program; and its own aggressive promotional efforts in targeted markets.
Overall square footage for the year increased 5% to 6.5 million square feet with the addition of six stores -- including four newly built units, one replacement unit and one acquisition of an independent in August -- plus the completion of seven expansions and six remodels.
