SUNBURY, Pa. — Rising costs for fuel and credit and debit transaction fees contributed to a 29% drop in quarterly earnings for Weis Markets, the retailer here said Monday. Net earnings of $12.8 million for the 13-week second quarter ending June 28 fell from $18.2 million in the same period last year, which included a $5.3 million gain from the sale of two properties. Sales in the quarter increased by 4.3% to $603.4 million with comparable sales increasing by 4.3% as Weis benefited from ...
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.