Expense Controls Buoy Weis Q1 Results

Tighter expense controls and overcame a modest rise in sales and drove net income up by 82.4% to $16.6 million during the fiscal first quarter for Weis Markets.

SUNBURY, Pa. — Tighter expense controls overcame a modest rise in sales and drove net income up by 82.4% to $16.6 million during the fiscal first quarter for Weis Markets here.

The 13-week period which ended March 29, lapped a difficult comparable quarter a year ago, when Weis battled fast-rising price inflation and saw earnings drop by 32.1%.

Sales in the quarter increased 1.8% to $606.2 million, and comparable-store sales increased by 1.6%.

Sales were adversel

Register to view the full article