Weis Markets Increases to 204 Stores with Recent Acquisitions

Headquartered in Sunbury, Pennsylvania, Weis Markets, Inc. is a Mid-Atlantic food retailer. It operates 204 stores in Pennsylvania, Maryland, Virginia, New York, New Jersey, Delaware and West Virginia. Additionally, the Company operates a dairy, an ice cream plant, and a meat processing facility in Sunbury.

Harry and Sigmund Weis started Weis Markets in 1912 – they opened a small neighborhood store called Weis Pure Foods on Market Street in Sunbury. Today, Harry Weis’ grandson, Mr. Jonathan H. Weis oversees Weis Markets, Inc. as its Chairman, Chief Executive Officer and President.

The Company employs over 19,000 associates in its stores, distribution center, corporate office and manufacturing facilities. The Company’s brands include Weis Five Star, Weis Quality, Weis Organics, Full Circle (Organic), Top Care, and Valu Time.

The Company has its “Weis 2 Go Deli” offering, which is the Company’s quick-stop meal solution. It offers meal solutions prepackaged in its grab ‘n go case, or service locations. Weis 2 Go selections include Breakfast Sandwiches; Chicken Sandwiches; Fish Sandwiches; Popcorn Chicken Cups; Deli Salads & Desserts; and Pre-Sliced Meats & Cheeses.

Regarding its Seafood department, Weis Markets offers a choice of seafood from sustainable sources. Its signature seafood items include Bag & Bake Seafood, whereby a customer selects their fish, their vegetable, and their seasoning. Moreover, a customer can pick up a pre-made meal, whereby Weis Markets bags it for the customer to take home to bake.  Weis also offers store-made Fresh Sushi in more than 80 stores.

Pertaining to the Company’s Local Produce program, the Company regularly purchases locally grown sweet corn, green beans, peaches, nectarines, apples, lettuce, mushrooms, watermelons, cabbage, blueberries, cucumbers, cantaloupes, tomatoes, potatoes, squash and pumpkins. It purchases over 25 million pounds of local produce from around 150 farmers in Pennsylvania, Maryland, New Jersey and New York.

At the end of October, Weis Markets announced that Q3 sales rose 4.4 percent to $743.0 million versus $712.0 million for the same period in 2015. Comparable store sales for the thirteen-week period ended September 24, 2016 rose 2.7 percent.

For the 39-week period ended September 24, 2016, sales grew 3.2 percent to $2.2 billion versus $2.1 billion for the same period in 2015. Year-to-date comparable store sales rose 2.7 percent. Year-to-date income grew 7.6 percent to $46.0 million versus $42.8 million the year prior. Earnings per share (EPS) for the same period totaled $1.71 versus $1.59 in 2015.

Weis Markets’ Board of Directors declared a quarterly dividend of $.30 per share on October 20, 2016. The Company’s dividend is $1.20 and its dividend yield is 2.13 percent.

Recently, the Company announced that Mr. R. Gregory Zeh, Jr. joined Weis as Vice President and Chief Information Officer (CIO). Mr. Zeh will manage the Company’s day-to-day information technology functions, working in support of marketing and merchandising, supply chain and in-store management retail applications.

This month, Weis Markets announced it successfully accomplished the conversion of 44 supermarket locales. This is due to three acquisitions starting August 1, 2016. Recently, Weis acquired five Mars Super Market locations in Baltimore County, Maryland; and 38 Food Lion stores throughout Maryland, Virginia and Delaware. It also acquired a Nell’s Family Market in East Berlin, Pennsylvania.