STOCK REPURCHASE HURTS EARNINGS AT WEIS

SUNBURY, Pa. -- Weis Markets here said a major stock repurchase and the sale of its food- service division a year ago resulted in lower sales and earnings for the second quarter and first half ended June 30.quarter and 34.5% to $25.9 million for the half. The company said the results were impacted by two non-recurring events:The repurchase of shares from the family of the late Sigfried Weis, which

SUNBURY, Pa. -- Weis Markets here said a major stock repurchase and the sale of its food- service division a year ago resulted in lower sales and earnings for the second quarter and first half ended June 30.

quarter and 34.5% to $25.9 million for the half. The company said the results were impacted by two non-recurring events:

The repurchase of shares from the family of the late Sigfried Weis, which resulted in expenses of $5.3 million, as well as a $1.6 million decline in inv

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