SUNBURY, Pa. — Higher inventory losses, aggressive promotions and increased labor costs took a toll on the first-quarter earnings of Weis Markets here, the company said yesterday. Net income for the 13-week first quarter, which ended March 31, was down 10.3%, to $13.4 million, compared with year-ago results, despite a 4.4% increase in sales for the period, to $571.8 million. Same-store sales also rose 4.4% for the first quarter. The company said it was rolling out programs to improve operational efficiency, productivity and execution to better manage labor costs and inventory losses.
