trending Market Intelligence /marketintelligence/en/news-insights/trending/gwrSaVJIaDRByE89BocUxw2 content esgSubNav
In This List

Weis Markets fiscal Q2 profit falls YOY


Master of Risk | Episode 7 : John Kevill


The World's Largest P&C Insurers, 2023


The Worlds Largest Life Insurers, 2023

Case Study

Analysts Utilize the S&P Global Marketplace Workbench to Explore and Visualize Datasets

Weis Markets fiscal Q2 profit falls YOY

Weis Markets Inc. said its normalized net income for the fiscal second quarter ended June 25 was 57 cents per share, a decline of 5.4% from 61 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $15.5 million, a decline of 5.4% from $16.3 million in the year-earlier period.

The normalized profit margin declined to 2.1% from 2.3% in the year-earlier period.

Total revenue rose on an annual basis to $730.4 million from $718.4 million, and total operating expenses grew from the prior-year period to $706.4 million from $692.8 million.

Reported net income decreased 8.3% year over year to $15.3 million, or 57 cents per share, from $16.6 million, or 62 cents per share.