Weis Markets (WMK) investor relations material

Executive summary

• Net sales increased 2.8% year-over-year to $1.22 billion for the quarter ended June 28, 2025, with comparable store sales up 1.8% and 2.3% excluding fuel; a new store opened in Ijamsville, MD and an acquisition in Newville, PA expanded the footprint.

• Net income for the quarter was $26.53 million, up 1% year-over-year, including $1.1 million in transaction expenses.

• A related party share purchase of 2.15 million shares for $140 million was completed, reducing shares outstanding by 8%.

• Opened a new store in Frederick County, MD, with another planned for Charlotte Hall, MD later in the summer.

Financial highlights

• Total revenue for the quarter was $1.22 billion, up from $1.19 billion year-over-year; for the first half, revenue reached $2.42 billion, a 2.2% increase.

• Net income for the quarter was $26.53 million ($1.01 per share), compared to $26.3 million ($0.98 per share) last year; for the half-year, net income was $47.0 million ($1.77 per share), down from $49.4 million ($1.84 per share).

• Operating, general and administrative expenses increased 3.7% year-over-year, driven by higher employee and outside service costs, including $1.1 million in legal/financial fees for the share purchase.

• Cash flow from operations was $61.4 million for the half-year, down from $74.5 million; capital expenditures rose to $88.3 million, reflecting new store investments.

• Earnings per share for the quarter were $1.01, compared to $0.98 last year.

Outlook and guidance

• Management anticipates continued product cost increases due to inflationary trends and macroeconomic uncertainty in the food retail industry.

• The company plans to fund capital expenditures, acquisitions, and dividends through cash, investments, and its credit facility.

• Ongoing price investments are planned to address cautious customer spending.

• Regular quarterly dividends are expected to continue, subject to board approval.