Perishables, Promotions Boost Weis 2Q

Perishable-department sales growth and aggressive promotions helped grow sales by 3% during the fiscal second quarter ended June 30 for Weis Markets, the retailer said.

SUNBURY, Pa. — Perishable-department sales growth and aggressive promotions helped grow sales by 3% during the fiscal second quarter ended June 30 for Weis Markets here, the retailer said. Sales of $578.8 million increased by 3% while comparable-store sales grew by 3.2% Weis said. Earnings of $18.2 million increased by 17.2% from the same period a year ago, boosted by the sale of two properties generating $5.3 million, and by keeping costs stable, Weis said. Year-to-date, sales have increased 3.7% to $1.2 billion. Net income is up by 3.7% to $31.6 million.

Read More [3] of Today's Headlines