SUNBURY, Pa. — Weis Markets here said Thursday greater efficiencies in store operations and more disciplined marketing and advertising helped boost earnings for the first fiscal quarter, which ended March 26.
Net income increased 7% to $18.6 million, while sales declined 0.7% to $659.5 million. Comparable-store sales rose 0.6%. The company said the sales declines resulted from the divestiture of 18 unprofitable SuperPetz stores and two underperforming Weis stores.
David J. Hepfinger, president and chief executive officer, expressed satisfaction with the results, noting they were achieved "at a time of continuing consumer caution and during a period when increased wholesale inflation continues to outpace retail price inflation."
