WEIS: 'SIGNIFICANT' COST INCREASES HURT PROFITS

SUNBURY, Pa. -- Weis Markets here said its inability to pass on hikes in wholesale prices to consumers hurt its profits in the 13-week third quarter ended Sept. 27.r.Weis said it experienced "significant cost increases" in beef, poultry, milk and eggs, but was unable to pass them on to shoppers because of "competitive activity that has restrained increasing" retail prices. Competitive activity was

SUNBURY, Pa. -- Weis Markets here said its inability to pass on hikes in wholesale prices to consumers hurt its profits in the 13-week third quarter ended Sept. 27.

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Weis said it experienced "significant cost increases" in beef, poultry, milk and eggs, but was unable to pass them on to shoppers because of "competitive activity that has restrained increasing" retail prices. Competitive activity was also reflected in a $3.1 million increase in expenses for merchandising supp

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