SUNBURY, Pa. — Improved efficiency and store productivity helped Weis Markets improve its second-quarter profits by 34.9% despite flat same-store sales, the company here said Monday. Overall sales for the quarter that ended June 26 increased 6.2% to $653.7 million, with net earnings of $20.5 million increasing from $15.2 million in the same period last year. For the 26 weeks of the fiscal year to date, earnings are up 19.4% to $37.9 million on sales of $1.3 billion, a 7.9% increase. “It is ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.