Weis Markets Inc. said its normalized net income for the fiscal first quarter ended March 28 came to 47 cents per share, compared with the S&P Capital IQ consensus estimate of 41 cents per share.
EPS declined 13.1% year over year from 54 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.5 million, a decrease of 13.1% from $14.4 million in the year-earlier period.
The normalized profit margin declined to 1.8% from 2.1% in the year-earlier period.
Total revenue grew on an annual basis to $712.4 million from $687.1 million, and total operating expenses increased on an annual basis to $692.9 million from $664.8 million.
Reported net income fell 11.2% from the prior-year period to $13.1 million, or 49 cents per share, from $14.8 million, or 55 cents per share.
