Perishables, Private Label Boost Weis Q2 Earnings 18.5%
Improved perishables and private label sales helped Weis Markets, Inc. post an 18.5 percent increase in its second-quarter net income vs. the same period a year ago, while its basic and diluted earnings per share increased eight cents to 56 cents per share. During the 13-week period ended June 27, 2009, the Sunbury, Pa.-based regional retailer saw same-store sales gain 2.4 points alongside a 2 percent sales increase of $615.4 million from 603.4 million a year ago, and higher net income of $15.2 million vs. $12.8 million for the same period a year ago.