Weis Increases Earnings by 18.5% in Q2

Weis Markets credited investments in its sales program for driving improvements in sales and net income during the fiscal second quarter, which ended June 27.

SUNBURY, Pa. — Weis Markets here credited investments in its sales program for driving improvements in sales and net income during the fiscal second quarter, which ended June 27.

Net earnings at Weis improved 18.5% to $15.2 million, on a 2% sales increase to $615.4 million. Comparable-store sales were up 2.4%.

David J. Hepfinger, president and chief executive officer, in a statement said Weis’ private-label program generated strong sales during the quarter, and that perishable department sales, particularly meat, improved. For the 26-week year-to-date period, Weis’ income has increased 44.9% to $31.7 million on sales of $1.2 billion.

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