SUPERPETZ PROBLEMS AFFECT NET RESULTS AT WEIS MARKETS

SUNBURY, Pa. -- Weis Markets here said continuing operational problems at its SuperPetz subsidiary had a negative effect on earnings for the first 39 weeks of 1997, despite healthier supermarket sales.id total sales for the 13-week third quarter ended Sept. 27 increased 4.7% to $444.7 million. But net earnings declined 2.4% to $19.1 million, compared with $19.6 million for the year-ago quarter. Earnings

SUNBURY, Pa. -- Weis Markets here said continuing operational problems at its SuperPetz subsidiary had a negative effect on earnings for the first 39 weeks of 1997, despite healthier supermarket sales.

id total sales for the 13-week third quarter ended Sept. 27 increased 4.7% to $444.7 million. But net earnings declined 2.4% to $19.1 million, compared with $19.6 million for the year-ago quarter. Earnings per share for the quarter declined 1 cent to 46 cents. Year-to-date, Weis Markets sales increased 4.5% to $1.35 billion as net profit declined 3.7% to $56.6 million. Earnings per share in the 39 weeks of 1997 were $1.35, compared with $1.39 in the year-ago period.

Same-store sales increased 1.8% in both the third quarter and 39-week period.

Excluding SuperPetz figures, Weis Markets third-quarter sales increased 4.9% and its net profit increased 3.0%.

Year-to-date, excluding SuperPetz figures, Weis Markets 1997 sales increased 4.0% and its 1997 net profit increased 4.5%, the company said.

In the third quarter, Weis Markets opened a replacement superstore and completed two remodels. In the fourth quarter, Weis Markets said, it will open three replacement superstores and complete two remodels.

3RD-QUARTER RESULTS

Qtr Ended 9/27/97 9/28/96

Sales $444.7 million $424.7 million

Change + 4.7%

Same-store + 1.8%

Net Income $19.1 million $19.6 million

Change - 2.4%

Inc/Share 46 cents 47 cents

39 Weeks 1997 1996

Sales $1.35 billion $1.29 billion

Change + 4.5%

Same-store + 1.8%

Net Income $56.6 million $58.7 million

Change - 3.7%

Inc/Share $1.35 $1.39