Weis Markets’ Q1 FY25 performance in line with expectations

GlobalData

Thu, May 8, 2025, 3:59 AM 2 min read

Mid-Atlantic US nutrient retailer Weis Markets has recorded full gross of $1.2bn successful the archetypal 4th (Q1) of fiscal 2025 (FY25) - 1.6% up from the $1.18bn reported successful the corresponding 4th of the erstwhile year.

Net income for Weis Markets successful the 13-week 4th amounted to $20.48m, a alteration from the $23.17m recorded successful Q1 FY24.

Its diluted net per stock for the 4th stood astatine $0.76, a diminution from the $0.86 reported during the aforesaid play of the erstwhile year.

The retailer’s operating income besides saw a downturn, coming successful astatine $23.04m for Q1 FY25, compared to $27.36m during Q1 FY24.

However, gross nett connected income showed improvement, totalling $299.5m successful Q1 FY25 from $295.01m successful the erstwhile year's corresponding quarter.

Weis Markets chairman, president and CEO Jonathan Weis stated: "Our archetypal 4th 2025 results, adjusted for the year-on-year Easter vacation shift, are successful enactment with our expectations contempt the challenges of an uncertain macroeconomic environment.

"During the quarter, our nett income benefited from important determination upwind events, continuing merchandise terms investments, and the accrued tempo of our loyalty selling rewards programme. In addition, we proceed to marque strategical outgo investments successful our associates and technologies that amended efficiencies and heighten lawsuit experience. We stay genuinely grateful to our associates for their efforts to supply fantabulous work to our customers."

Weis Markets plans to conception 4 caller stores exceeding 60,000ft² each with modern features and sustainable technologies successful 2025.

The institution anticipates opening 3 stores by the extremity of the year, and the 4th aboriginal successful 2026.

They volition beryllium located successful Maryland's Lake Linganore, Charlotte Hall and Waldorf communities, and successful Middletown, Delaware.

"In 2024, we completed enactment connected 17 projects including six large remodels, 9 insignificant remodels and 2 substance centres," stated Weis.

The retailer operates 198 stores successful Delaware, Maryland, New Jersey, New York, Pennsylvania, West Virginia and Virginia.

"Weis Markets’ Q1 FY25 show successful enactment with expectations" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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