Sales at Weis Markets were up but net income declined in the first quarter, according to company results released Friday.
Weis said sales grew 3.7% to $712.4 million during the 13-week period ending March 28. Comparable store sales excluding fuel rose 4.7% while overall comparable store sales increased 3.4%.
At the same time, net income dropped 11.2% to $13.1 million during the same period. Earnings per share were $0.49, down from $0.55 per share in the first quarter of 2014.
"We continue to make long-term investments in growing our sales and are encouraged by our results," Jonathan Weis, Weis Markets' chairman and CEO, said in a press release. "Our first quarter sales increase was the result of improved everyday pricing, disciplined promotions and an improved in-store experience. This combination produced a strong increase in customer count and continued market share growth."
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