trending Market Intelligence /marketintelligence/en/news-insights/trending/VzbzU1ISTjppIg3veja2Lw2 content esgSubNav
In This List

Weis Markets fiscal Q1 profit falls 13.1% YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Weis Markets fiscal Q1 profit falls 13.1% YOY

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.