WEIS' COMPS UP 6.2%, BUT PROFITS SLIP
SUNBURY, Pa. — Weis Markets here said targeted promotions and “transaction-building programs” helped drive up third-quarter comparable-store sales by 6.2%, although profits were hurt by a one-time charge and increased operating costs. Net income was down 25%, to $8.1 million, on a sales gain of 6.9%, to $603.9 million, for the 13-week quarter, which ended Sept. 27. Private-label sales rose 4.6% in terms of units. The company, which operates 155 stores ...
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