Content about Weis

March 5, 2014

Declining sales across a variety of categories negatively affected year-over-year fiscal performance of Weis Markets Inc. during the fourth quarter and fiscal year 2013.

Sunbury, Pa. – Declining sales across a variety of categories negatively affected year-over-year fiscal performance of Weis Markets Inc. during the fourth quarter and fiscal year 2013. Net income declined 29% to $15.7 million from $22.1 million during the quarter, and dropped 13% to $71.7 million from $82.5 million during the year.

September 23, 2013

Weis Markets announced that company president and CEO David J. Hepfinger has left the company to pursue other interests.

Sunbury, Pa. -- Weis Markets announced that company president and CEO David J. Hepfinger has left the company to pursue other interests. Company vice chairman Jonathan H. Weis replaces him as interim CEO. Robert F. Weis remains as company chairman.

Hepfinger has also resigned from the company's board of directors. As part of the reorganization, Kurt Schertle, executive VP, sales and merchandising will report directly to Weis who will also oversee the company's real estate/store development, finance and human resources' teams.

April 25, 2013

Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.

Sunbury, Pa. -- Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.
   
“To position our company for continued growth, we have made record investments in our store base,” and vice chairman Jonathan H. Weis, at the company’s annual shareholder meeting. “Look for more of the same in 2013 when we increase our Cap Ex investment to $135 million – an 8% increase compared to 2012 – and a 33% increase compared to 2011.”

March 28, 2013

Weis Markets has promoted Paul Stombaugh to VP/corporate controller.

Sunbury, Pa. -- Weis Markets has promoted Paul Stombaugh to VP/corporate controller.

Stombaugh will take on an expanded role in the company’s decision support and its strategic development. He also will continue to oversee its financial accounting and reporting functions, internal controls, treasury and budgets, Weis reported. He will continue to report to Scott Frost, SVP and CFO.

Prior to joining the company in 2010, Stombaugh worked in several progressive management roles at Foot Locker’s financial center.

 

October 29, 2012

Weis Markets Inc. reported that net income for the third quarter increased 1.2% to $17.2 million.

Sunbury, Pa. -- Weis Markets Inc. reported Friday that net income for the third quarter increased 1.2% to $17.2 million.

Sales for the period dipped 1.5% to $668.4 million and same-store stores decreased 1.7%.

Weis Markets operates 162 stores in Pennsylvania, Maryland, New York, New Jersey and West Virginia.

 

July 31, 2012

Weis Markets reported that net income for the quarter ended June 30 rose 12.1% to $23.2 million, compared with $20.7 million in the year-ago period.

Sunbury, Pa. -- Weis Markets reported Tuesday that net income for the quarter ended June 30 rose 12.1% to $23.2 million, compared with $20.7 million in the year-ago period.

Sales were essentially flat at $677.1 million, and same-store sales inched up 0.4%.

President and CEO David Hepfinger cited a “stagnant sales environment” for the near-flat sales but said the grocer continues to improve efficiencies and store-level productivity.
 

May 18, 2012

Weis Markets on announced it has begun the construction of an environmentally innovative 65,000-sq.-ft. superstore in Fogelsville, Pa.

Sunbury, Pa.  -- Weis Markets on Thursday announced it has begun the construction of an environmentally innovative 65,000-sq.-ft. superstore in Fogelsville, Pa.

When construction is completed, the store is expected to achieve U.S. Green Building Council’s LEED certification for measurably reducing or mitigating its environmental impact for sustainable site development, water savings, energy efficiency, material selection and indoor environmental quality.

February 13, 2012

Weis Markets reported that net income for the year ended Dec. 31 increased 10.7% to $75.6 million.

Sunbury, Pa. -- Weis Markets reported Monday that net income for the year ended Dec. 31 increased 10.7% to $75.6 million. Sales for the period rose 5% to $2.8 billion, and same-store sales increased 4.2%.

In the fourth quarter, the grocer saw an even stronger performance, as net income surged 37%, sales rose 11.4% and comps increased 4.8%.
 

April 29, 2011

Weis Markets on Thursday announced an increase of its 2011 capital expenditure budget by 7% to $110 million.

Sunbury, Pa. — Weis Markets on Thursday announced an increase of its 2011 capital expenditure budget by 7% to $110 million. The current budget includes 14 major remodels, two additions and three new/replacement stores.

The company currently is building a replacement unit near Reading, a new unit near Easton and a replacement unit near State College, all in Pennsylvania.

February 3, 2011

Weis Markets reported Thursday that net income for fiscal 2010 increased 8.7% to $68.3 million, compared with $62.8 million in the prior year.

Sunbury, Pa. -- Weis Markets reported Thursday that net income for fiscal 2010 increased 8.7% to $68.3 million, compared with $62.8 million in the prior year.

Sales for the year increased 4.1% to $2.6 billion. Same-store sales edged up 1.0%.

Weis Markets currently operates 164 stores in its home state of Pennsylvania and in Maryland, New York, New Jersey and West Virginia.

October 13, 2010

Weis Markets reported Thursday that third quarter net income increased 4.9% to $16.3 million....

July 12, 2010

Grocer Weis Markets Inc. reported Monday that its second-quarter net income rose to $20.5 million...

January 3, 2010

Weis Markets has lowered the prices on 2,600 staple items through April 1, 2010....

October 25, 2009

Weis Markets announced that Scott Frost has been promoted to VP, CFO and treasurer....

January 4, 2009

Weis Markets Inc. said Monday it has promoted COO David J. Hepfinger to succeed retiring...

July 20, 2008

Weis Markets Inc., the operator of a supermarket chain, said Monday its second-quarter earnings fell...

April 27, 2008

Weis Markets reported its first-quarter sales increased 4.2% to $595.7 million while its same-store sales...

April 22, 2008

Weis Markets’ vice chairman Jonathan Weis said Wednesday that the company would invest $80 million...

February 19, 2008

Weis Markets Inc. said Wednesday it named David J. Hepfinger as its president and COO....

February 11, 2008

Weis Markets Inc. said Tuesday that its fourth-quarter sales increased 4.4% to $603 million, compared...