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Weis Markets fiscal Q3 profit falls YOY

Weis Markets Inc. said its normalized net income for the fiscal third quarter ended Sept. 26, 2015, came to 45 cents per share, a decline from 46 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 $12.2 million, a decrease from $12.5 million in the prior-year period.

The normalized profit margin fell to 1.7% from 1.8% in the year-earlier period.

Total revenue increased on an annual basis to $711.9 million from $683.9 million, and total operating expenses increased on an annual basis to $692.3 million from $664.3 million.

Reported net income decreased 5.4% year over year to $12.8 million, or 48 cents per share, from $13.5 million, or 50 cents per share.