WEIS MARKETS INC WMK
Weis Markets, Inc. (Weis Markets or the Company) is a Pennsylvania business founded by Harry and Sigmund Weis in 1912 and incorporated in 1924. The Company is engaged principally in the retail sale of food in Pennsylvania and surrounding states. There was no material change in the nature of the Company's business during fiscal 2025. The Company's stock has been traded on the New York Stock Exchange since 1965 under the symbol "WMK." The Weis family currently owns approximately 61% of the outstanding shares. Jonathan H. Weis serves as Chairman of the Board of Directors, President and Chief Executive Officer.
The Company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. The store product selection includes national, local and private brands including natural, gluten-free and organic varieties. The Company advertises its products and promotes its brand through digital and printed circulars; television ads; radio ads; e-mail blasts; and on-line via its web site, social media and mobile applications. The Company promotes competitive pricing by using Everyday Lower Price; Low Price Guarantee; Low, Low Price; Weekly Hot Buys; senior and military discounts; and Loyalty programs. The Loyalty program includes reward points that may be redeemed for discounts on items in store, at the Company's fuel stations or at one of its third-party fuel station partners. The Company currently owns and operates 202 retail food stores many of which have on-line order customer service. The Company's operations are reported as a single reportable segment. The majority of the Company's revenues are generally not seasonal in nature. However, revenues tend to be higher during the major holidays throughout the year. Additionally, extreme weather systems, particularly winter storms, tend to affect sales trends.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.96B | $4.79B | $4.71B | $4.71B | $4.22B | $4.11B | $3.54B | $3.51B | $3.47B | $3.14B |
| Gross profit | $1.24B | $1.20B | $1.18B | $1.20B | $1.12B | $1.10B | $938.2M | $935.0M | $912.5M | $863.5M |
| SG&A | $1.13B | $1.07B | $1.04B | $1.04B | $969.0M | $937.3M | $853.6M | $852.3M | $834.0M | $765.2M |
| Operating income | $113.7M | $126.4M | $133.1M | $157.1M | $146.7M | $163.2M | $84.6M | $82.7M | $78.5M | $98.3M |
| Pre-tax income | $123.9M | $144.9M | $142.7M | $160.8M | $148.3M | $163.7M | $88.6M | $82.1M | $79.0M | $124.7M |
| Income tax | $30.3M | $38.9M | $41.8M | $35.6M | $39.5M | $44.8M | $20.7M | $19.4M | $19.4M | $37.5M |
| Net income | $93.7M | $106.0M | $100.9M | $119.7M | $108.8M | $118.9M | $68.0M | $62.7M | $98.4M | $87.2M |
| EPS, basic | 3.65 | 3.94 | 3.75 | 4.65 | 4.05 | 4.42 | 2.53 | — | — | — |
| EPS, diluted | 3.65 | 3.94 | 3.75 | 4.65 | 4.05 | 4.42 | 2.53 | 2.33 | 3.66 | 3.24 |
| Shares, diluted (wtd. avg.) | $25.7M | $26.9M | $26.9M | $26.9M | $26.9M | $26.9M | $26.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $117.1M | $190.3M | $184.2M | $158.0M | $86.0M | $136.6M | $66.9M | $37.8M | $47.9M | $46.8M |
| Short-term investments | $97.1M | $192.0M | $226.0M | $186.4M | $205.7M | $111.9M | — | — | — | — |
| Receivables | $95.4M | $81.6M | $65.1M | $50.9M | $52.1M | $56.8M | $55.8M | $57.3M | $56.3M | $96.2M |
| Inventory | $296.8M | $292.0M | $284.6M | $285.8M | $269.6M | $269.0M | $279.8M | $280.8M | $279.5M | $276.8M |
| Total current assets | $640.0M | $828.0M | $820.7M | $733.7M | $671.7M | $626.2M | $508.3M | $469.1M | $483.3M | $483.9M |
| Property, plant and equipment | $1.09B | $1.01B | $961.4M | $970.9M | $977.8M | $924.4M | $886.9M | $887.6M | $886.2M | $878.2M |
| Goodwill | $65.7M | $61.3M | $52.3M | $52.3M | $52.3M | $52.3M | $52.3M | $52.3M | $52.3M | $52.3M |
| Other intangibles | $21.5M | $21.5M | $17.9M | $17.0M | $16.5M | $16.8M | $17.1M | $21.1M | $19.2M | $16.7M |
| Total assets | $1.94B | $2.09B | $2.03B | $1.95B | $1.91B | $1.82B | $1.68B | $1.43B | $1.44B | $1.43B |
| Accounts payable | $237.4M | $234.3M | $226.2M | $206.8M | $218.8M | $221.6M | $180.7M | $191.1M | $216.3M | $199.2M |
| Total current liabilities | $352.7M | $343.3M | $340.8M | $345.4M | $345.2M | $346.3M | $291.9M | $267.2M | $274.3M | $276.2M |
| Long-term debt | — | — | — | — | — | — | — | $0 | $35.0M | $64.5M |
| Total liabilities | $624.2M | $656.9M | $662.2M | $655.3M | $690.7M | $674.3M | $616.8M | $409.1M | $448.9M | $504.6M |
| Retained earnings | $1.60B | $1.58B | $1.51B | $1.44B | $1.36B | $1.28B | $1.20B | $1.16B | $1.13B | $1.06B |
| Total equity | $1.32B | $1.43B | $1.37B | $1.30B | $1.22B | $1.15B | $1.06B | $1.02B | $992.8M | $926.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $207.2M | $187.5M | $201.6M | $218.0M | $227.7M | $278.0M | $171.7M | $150.3M | $159.1M | $149.1M |
| Depreciation and amortisation | $124.8M | $113.9M | $108.4M | $104.0M | $102.8M | $99.4M | $93.7M | $93.6M | $85.4M | $76.9M |
| Capital expenditure | $202.4M | $161.3M | $104.0M | $122.2M | $151.8M | $131.0M | $101.5M | $95.7M | $95.9M | $142.1M |
| Investing cash flow | -$105.3M | -$144.8M | -$138.8M | -$111.1M | -$244.7M | -$174.9M | -$109.3M | -$92.8M | -$96.3M | -$186.7M |
| Financing cash flow | -$175.1M | -$36.6M | -$36.6M | -$35.0M | -$33.6M | -$33.4M | -$33.4M | -$67.5M | -$61.8M | $32.2M |
| Dividends paid | $35.1M | $36.6M | $36.6M | $35.0M | $33.6M | $33.4M | $33.4M | $32.5M | $32.3M | $32.3M |
| Buybacks | $140.0M | — | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000105418-26-000024.
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