Demonstrating its impressive resilience in a post-inflationary landscape, Weis Markets released its financial results for the third quarter and year-to-date period ending September 28, 2024. In the report, the retail chain unveiled a period of solid sales growth, reporting that its net sales for the third quarter were $1.19 billion, a 2.2 percent increase over last year.
"We continue to make progress in a post-inflationary environment affecting our year-over-year comparisons. Despite the challenge, we posted a solid comparable store sales increase in the period and generated net income results that remain in line with our expectations," stated Jonathan H. Weis, Chairman, President, and Chief Executive Officer.
Key financial highlights from the third quarter 2024 results include:
Weis Markets attributes its performance to several critical factors, including its popular Weis Rewards loyalty program, ongoing Low, Low Price program investments, and disciplined store-level efficiencies, a press release explained. During the quarter, the company expanded its Low, Low Price program by adding 448 household essential items across eight non-food categories.
Key financial highlights from the year-to-date 2024 results include:
Click here to view the report in full.
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