Weis Markets' Q1 FY25 performance in line with expectations
Net income for Weis Markets in the 13-week quarter amounted to $20.48m, a decrease from the $23.17m recorded in Q1 FY24.
Its diluted earnings per share for the quarter stood at $0.76, a decline from the $0.86 reported during the same period of the previous year.
The retailer's operating income also saw a downturn, coming in at $23.04m for Q1 FY25, compared to $27.36m during Q1 FY24.
However, gross profit on sales showed improvement, totalling $299.5m in Q1 FY25 from $295.01m in the previous year's corresponding quarter.
Weis Markets chairman, president and CEO Jonathan Weis stated: "Our first quarter 2025 results, adjusted for the year-on-year Easter holiday shift, are in line with our expectations despite the challenges of an uncertain macroeconomic environment.
"During the quarter, our net sales benefited from significant regional weather events, continuing product price investments, and the increased tempo of our loyalty marketing rewards programme. In addition, we continue to make strategic cost investments in our associates and technologies that improve efficiencies and enhance customer experience. We remain truly grateful to our associates for their efforts to provide excellent service to our customers."
Weis Markets plans to construct four new stores exceeding 60,000ft² each with modern features and sustainable technologies in 2025.
The company anticipates opening three stores by the end of the year, and the fourth early in 2026.
They will be located in Maryland's Lake Linganore, Charlotte Hall and Waldorf communities, and in Middletown, Delaware.
"In 2024, we completed work on 17 projects including six major remodels, nine minor remodels and two fuel centres," stated Weis.
The retailer operates 198 stores in Delaware, Maryland, New Jersey, New York, Pennsylvania, West Virginia and Virginia.
"Weis Markets' Q1 FY25 performance in line with expectations" was originally created and published by Retail Insight Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Delayed AI Software Rollout and Tariff Related Uncertainty Put Pressure on Apple (AAPL)
Aristotle Atlantic Partners, LLC, an investment advisor, released its 'Large Cap Growth Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The US equity market regained its strength following an early volatility, with the S&P 500 Index rising 10.94% during the period. In this environment, Aristotle Atlantic's Large Cap Growth Strategy delivered -18.63% gross of fees (18.45% net of fees), outperforming the Russell 1000 Growth Index's17.84% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Aristotle Atlantic Large Cap Growth Strategy highlighted stocks such as Apple Inc. (NASDAQ:AAPL). Apple Inc. (NASDAQ:AAPL) is an American multinational company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The one-month return of Apple Inc. (NASDAQ:AAPL) was -2.80%, and its shares lost 5.59% of their value over the last 52 weeks. On July 31, 2025, Apple Inc. (NASDAQ:AAPL) stock closed at $207.57 per share, with a market capitalization of $3.1 trillion. Aristotle Atlantic Large Cap Growth Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its second quarter 2025 investor letter: "Apple Inc. (NASDAQ:AAPL) contributed to performance in the second quarter due to the underweight in the portfolio. Investors remain concerned by the delayed rollout of the company's AI software and hardware strategy, which could see a lengthening of the handset upgrade cycle. Apple also faces headwinds to both sales and margins from China-related tariffs. Furthermore, continued uncertainty on the resolution of the U.S. trade strategy with China may keep investors on the sidelines." A busy sidewalk filled with people using Apple devices like iPhones, iPads and Apple Watches. Apple Inc. (NASDAQ:AAPL) is in 8th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 159 hedge fund portfolios held Apple Inc. (NASDAQ:AAPL) at the end of the first quarter, which was 166 in the previous quarter. While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Apple Inc. (NASDAQ:AAPL) and shared the list of best stocks to buy for the next 6 months. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
NOLA Gold Rugby will not take part in 2026 season
METAIRIE, La. (WGNO) — Major League Rugby in South Louisiana has encountered a major obstacle. In a message to fans on their website, NOLA Gold Rugby said, 'NOLA Gold has informed the League that we do not intend to participate in the 2026 season. Discussions are ongoing with the League regarding future opportunities and potential pathways forward.' The Gold finished the 2025 season with a 4-12 record and a fifth-place finish in the Eastern Conference. The disappointing season comes after the program's first ever Major League Rugby playoff appearance in 2024. The Gold hosted the Chicago Hounds in the Eastern Conference Semifinals at the Gold Mine on Airline. In their 'End of Season Statement', the Gold said their ticket revenue increased 30% and their search for a permanent home continues. Outside of rugby, the Gold Mine on Airline serves as the home of the John Curtis and Jesuit football programs. Tulane football will be using the venue as a natural grass practice surface on different days during fall Posts NOLA Pool Passport: Pool with fantastic view at The Virgin Hotels New Orleans District C Councilman Freddie King hosting back-to-school fair Democrats bash Trump, GOP over disappointing jobs report: 'Awful' State divided on reaction to Mid-Barataria Sediment Diversion Project cancellation White House announces new $200 million ballroom renovation Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Bloomberg
a day ago
- Bloomberg
Private Fund Giants Muscle Into £1.4 Trillion UK Pension Market
Private capital giants from across the Atlantic are jumping into the UK's booming pension-risk transfer market, with insurers backed by Brookfield Corp. and Apollo Global Management Inc. announcing deals valued at a combined $10.7 billion in the past month. As British businesses ranging from Boots to RSA and NatWest Group Plc offload their retirement liabilities to insurers to focus on their core businesses, the UK's £1.4 trillion ($1.8 trillion) defined-benefit pension funds have become a hot target for firms including Apollo.
