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Weis Markets Post Improved Second Quarter

08/07/2020

Weis Markets reported net income of $41.5 million on sales of $1,100 million for the quarter ended June 27th.  Net income doubled from $20.5 million for the second quarter of 2019 and sales were up by 23.7 percent.  EPS increased from $0.76 during the second quarter of 2019 to $1.54 for the most recently completed quarter.  Comparable store sales increased 24.1 percent.

 

Jonathan Weis, Chairman and CEO, stated, “The Coronavirus has altered most aspects of daily life in our seven-state market area, that was impacted by full and partial shutdowns initially and cautious reopening in June.”  Weis added, “This has resulted in customers taking an increased number of meals at home, which shifted food service demand to food retail.”