trending Market Intelligence /marketintelligence/en/news-insights/trending/T8chl6QmoetOPKL6SlBYyA2 content esgSubNav
In This List

Weis Markets fiscal Q3 profit falls YOY

Blog

Municipal CUSIP Request Volumes Climbs for Fourth Straight Month

Blog

Corporate Credit Risk Trends in Developing Markets: An Expected Credit Loss (ECL) Perspective

Video

Root & Branch - June 2021: Greenium, Transparency and Advent

Blog

LCD Monthly: ESG Sustainability linked bonds offer pricing perk


Weis Markets fiscal Q3 profit falls YOY

Weis Markets Inc. said its normalized net income for the fiscal third quarter ended Sept. 24 amounted to 39 cents per share, a decrease of 15.1% from 45 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.4 million, a decrease of 15.1% from $12.2 million in the prior-year period.

The normalized profit margin fell to 1.4% from 1.7% in the year-earlier period.

Total revenue increased on an annual basis to $743.0 million from $711.9 million, and total operating expenses rose 5.0% on an annual basis to $727.0 million from $692.3 million.

Reported net income fell 16.9% on an annual basis to $10.6 million, or 40 cents per share, from $12.8 million, or 48 cents per share.