Promotions Help Drive Q1 Sales at Weis

SUNBURY, Pa. — Weis Markets here on Tuesday said sales and net income for the first quarter were both higher compared with year-ago results.

SUNBURY, Pa. — Weis Markets [2] here on Tuesday said sales and net income for the first quarter were both higher compared with year-ago results.

Net income for the 13-week quarter, which ended March 27, rose 5.2%, to $17.4 million, on a 9.6% gain in sales, to $664.3 million. Comparable-store sales were up 3%.

David J. Hepfinger, president and chief executive officer, said sales benefited from a $3 million investment in aggressive promotional programs.

"This is our sixth consecutive quarter of strong earnings and sales performance,” he said in a prepared statement. “We continued to improve our overall level of execution and increase efficiencies at store and distribution levels, which helped us generate solid sales and earnings increases along with a 6.1% increase in operating income."

Read More of Today's Headlines [3]