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Weis posts sales, earnings gain in 1Q

Weis Markets on Monday said sales and comps for the fiscal first quarter increased by 3.6%, aided in part by the early Easter holiday.

For the quarter, which ended March 26, sales totaled $738.2 million. Weis said about $7.1 million, or 1% of the comp gain, could be attributed to incremental Easter sales, which last year fell in the second quarter.

Net income soared by 51.1% to $20.1 million, which officials attributed in part to improved efficiency and supply chain support.

"Our results continue to benefit from our long-term pricing investments and the refinement of our marketing programs, which spurred increased sales in center store, HBC, frozen, pharmacy and most of our fresh departments," Jonathan H. Weis, Weis Markets chairman and CEO said in a statement. "These investments and refinements were complemented by improved supply chain and store support efficiencies and an increased focus on our store-level customer experience."

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