Weis Markets Reports First Quarter Results
Weis Markets, Inc. reported its sales increased 12.4 percent to $985.8 million during the thirteen-week period ended March 28, 2020, compared to the same period in 2019, while first quarter comparable store sales increased 12.8 percent.
The Company's first quarter net income increased 86.6 percent to $26.7 million compared to $14.3 million in 2019, while earnings per share totaled $0.99 compared to $0.53 per share for the same period in 2019.
The Company's results were impacted by the onset of the novel coronavirus pandemic (COVID-19) and the subsequent business and school closures and...
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