Mid-Atlantic US food retailer Weis Markets has recorded total revenue of $1.2bn in the first quarter (Q1) of fiscal 2025 (FY25) – 1.6% up from the $1.18bn reported in the corresponding quarter of the previous year.
Net income for Weis Markets in the 13-week quarter amounted to $20.48m, a decrease from the $23.17m recorded in Q1 FY24.
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Its diluted earnings per share for the quarter stood at $0.76, a decline from the $0.86 reported during the same period of the previous year.
The retailer’s operating income also saw a downturn, coming in at $23.04m for Q1 FY25, compared to $27.36m during Q1 FY24.
However, gross profit on sales showed improvement, totalling $299.5m in Q1 FY25 from $295.01m in the previous year’s corresponding quarter.
Weis Markets chairman, president and CEO Jonathan Weis stated: “Our first quarter 2025 results, adjusted for the year-on-year Easter holiday shift, are in line with our expectations despite the challenges of an uncertain macroeconomic environment.
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By GlobalData“During the quarter, our net sales benefited from significant regional weather events, continuing product price investments, and the increased tempo of our loyalty marketing rewards programme. In addition, we continue to make strategic cost investments in our associates and technologies that improve efficiencies and enhance customer experience. We remain truly grateful to our associates for their efforts to provide excellent service to our customers.”
Weis Markets plans to construct four new stores exceeding 60,000ft² each with modern features and sustainable technologies in 2025.
The company anticipates opening three stores by the end of the year, and the fourth early in 2026.
They will be located in Maryland’s Lake Linganore, Charlotte Hall and Waldorf communities, and in Middletown, Delaware.
“In 2024, we completed work on 17 projects including six major remodels, nine minor remodels and two fuel centres,” stated Weis.
The retailer operates 198 stores in Delaware, Maryland, New Jersey, New York, Pennsylvania, West Virginia and Virginia.
