SUNBURY, Pa. -- Weis Markets here said yesterday higher energy costs and other expenditures contributed to a decline in profits for the 13-week fourth quarter, which ended Dec. 30. The company said its net income for the period was down about 24%, to $14 million, compared with the 14-week period of a year ago. Sales in fourth-quarter 2006 were down 4%, to $577.6 million, but were up 2.7% when adjusted for the extra week in 2005. Comparable-store sales rose 2.1%. For the full year, net income ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
Click here to read the FAQ page if you have any questions (opens in a new window)
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.