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Weis Markets reports third quarter results

Weis Markets Inc. reported its financial results for the 13-week third quarter and 39-week year-to-date ended Sept. 26.

“In the third quarter we delivered higher total revenue and improved earnings while customers remained cautious with their spending and continued to seek affordability and value,” said Weis Markets Inc. Chairman, President and CEO Jonathan H. Weis.

“Higher fuel sales, reflecting both retail price inflation and increased gallons sold, along with sales from new stores, supported the quarter’s total revenue increase. Inflation Reduction Act-related pharmacy pricing changes, egg price deflation and lower produce demand during the cyclospora outbreak moderated sales performance,” he said. “We continue to support our customers through price investments and an expanded loyalty marketing program.

“Improved store inventory shrink performance and lower costs within our internal supply chain helped drive a higher gross profit margin.”

Total revenue was $1.28 billion for the 13-week third quarter ended Sept. 26, compared to $1.24 billion for the same period in 2025, a 3.0% increase. Sales growth was driven primarily by higher fuel sales and sales from new stores, partially offset by lower overall sales in pharmacy, dairy and produce.

Pharmacy sales were negatively affected by approximately $14.56 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective Jan. 1, 2026, reducing total revenue growth by approximately 1.2 percentage points. Dairy sales reflected lower egg pricing compared with the prior year, and produce sales were negatively affected by lower customer demand during the cyclospora outbreak in the third quarter.

Third quarter comparable store sales increased 1.3%, while comparable store sales excluding fuel decreased 1.2%.Third quarter gross profit increased 5.8% to $324.61 million, and gross profit margin increased to 25.5% from 24.8% in 2025. Income from operations increased 38.6% to $28.51 million.

The company’s third quarter net income was $22.21 million compared to $16.90 million in 2025, a 31.4% increase. Based on weighted-average shares outstanding, third quarter earnings per share were 90 cents compared to 69 cents per share for the same period in 2025.

Total revenue was $3.81 billion for the 39-week year-to-date period ended Sept. 26, compared to $3.66 billion for the same period in 2025, a 4.1% increase. Sales growth was driven primarily by higher fuel sales and sales from new stores, with grocery and pharmacy sales also increasing compared with the prior year.

Weiss Markets is based in Sunbury.