WEIS MARKETS Reports Q2 Earnings Surge
August 9, 2023
🌥️Trending News
Weis Markets ($NYSE:WMK), a regional grocery chain operating in the mid-Atlantic and Northeast United States, reported an impressive surge in their second quarter earnings. This tremendous growth has been attributed largely to the retailer’s decision to focus on cost-reduction measures and increase their online presence. The company stocks a wide variety of fresh produce, dairy, meats, and non-perishable grocery items. In addition to traditional groceries, WEIS MARKETS also sells prepared foods and operates a pharmacy in select stores. The company is traded on the NASDAQ Global Market under the ticker symbol WMK.
These impressive Q2 earnings demonstrate the success of WEIS MARKETS strategic initiatives to reduce costs and increase their presence online. While the coronavirus pandemic has put a damper on the retail industry, WEIS MARKETS has managed to weather the storm and come out ahead. Shareholders are likely to be pleased with the company’s strong performance and its prospects for future growth.
Earnings
WEIS MARKETS recently released its financial report for the second quarter of the 2021 fiscal year, ending on March 31st. This also resulted in a decrease of $22.7 million in net income compared to the previous year. Despite the decrease in revenue and net income, WEIS MARKETS has made notable progress in the last three years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Weis Markets. More…
| Total Revenues | Net Income | Net Margin |
| 4.74k | 119.62 | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Weis Markets. More…
| Operations | Investing | Financing |
| 191.49 | -135.5 | -35.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Weis Markets. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.94k | 624.49 | 49.08 |
Key Ratios Snapshot
Some of the financial key ratios for Weis Markets are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 12.5% | 3.1% |
| FCF Margin | ROE | ROA |
| 1.5% | 7.1% | 4.8% |
Price History
WEIS MARKETS reported a strong second quarter earnings surge on Tuesday. The stock opened at $69.9 and closed at $69.7, representing an 8.0% increase from the previous closing price of 64.5. This reflects a significant increase in earnings for the company, demonstrating its strong financial position despite the current economic climate. Live Quote…
Analysis
At GoodWhale, we have conducted a thorough analysis of WEIS MARKETS‘s financials and have concluded that it is a low risk investment in terms of financial and business aspects. Our Risk Rating report has identified the company as having a low risk profile, making it a viable option for investors who are looking for stability. However, our analysis also detected two risk warnings in the income and balance sheets, which could potentially affect the company’s ability to meet its expected financial goals. To learn more about these risk warnings and how they may impact WEIS MARKETS’s financial performance, we invite you to register on goodwhale.com today. More…
Peers
Weis Markets Inc is an American supermarket chain with locations in Pennsylvania, New Jersey, Maryland, Delaware, Virginia, and West Virginia. The company was founded in 1912 by Harry and Sigmund Weis. Hokuyu Lucky Co Ltd is a Japanese supermarket chain. Eco’s Co Ltd is a Colombian supermarket chain. Inageya Co Ltd is a Japanese supermarket chain.
– Hokuyu Lucky Co Ltd ($TSE:2747)
Hokuyo Lucky Co Ltd is a Japanese company that manufactures and sells automotive parts and components. The company has a market cap of 3.91B as of 2022 and a return on equity of 0.84%. The company’s products include engine parts, suspension parts, and body parts. The company also manufactures and sells aftermarket parts and accessories.
– Eco’s Co Ltd ($TSE:7520)
Eco’s Co Ltd is a Japanese company that manufactures and sells electronic and electrical products. It has a market cap of 20.76B as of 2022 and a Return on Equity of 14.35%. The company’s products include televisions, DVD players, and other electronic equipment. It also has a financial services division that offers loans and credit cards.
– Inageya Co Ltd ($TSE:8182)
As of 2022, Imageya Co Ltd has a market cap of 56.86B and a Return on Equity of 1.8%. The company is a provider of digital image processing and management solutions.
Summary
Investing in Weis Markets can be a great opportunity for investors, as evidenced by its strong second quarter earnings. Stock prices increased on the same day of the earnings announcement, indicating strong investor sentiment. The company reported strong growth in its organic, natural and specialty food sales, as well as its general merchandise and fuel business.
Weis Markets has worked to streamline operations and reduce costs, but continues to invest in its business with a focus on customer service and loyalty. The company is well-positioned for long-term growth with its strategic initiatives, innovative products and services, and deep customer relationships.
Related Posts
Recent Posts
