Weis’ Q1 Profits Slide on Higher Costs

SUNBURY, Pa. — Higher inventory losses, aggressive promotions and increased labor costs took a toll on the first-quarter earnings of Weis Markets here, the company said yesterday. Net income for the 13-week first quarter, which ended March 31, was down 10.3%, to $13.4 million, compared with year-ago results, despite a 4.4% increase in sales for the period, to $571.8 million. Same-store sales also rose 4.4% for the first quarter. The company said it was rolling out programs

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