Latest news with #WeisMarkets'
Yahoo
09-05-2025
- Business
- Yahoo
Weis Markets' Q1 FY25 performance in line with expectations
Mid-Atlantic US food retailer Weis Markets has recorded total revenue of $1.2bn in the first quarter (Q1) of fiscal 2025 (FY25) - 1.6% up from the $1.18bn reported in the corresponding quarter of the previous year. 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.
Yahoo
26-04-2025
- Business
- Yahoo
Weis Donates $2,500 to Susquehanna Greenway Partnership
SUNBURY — Weis Markets has donated $2,500 to the Susquehanna Greenway Partnership, one of four beneficiaries of Weis Markets' annual Earth Day, which total $10,000. "Weis Markets is proud to support the Susquehanna Greenway Partnership and their efforts to connect communities and promote healthy living along the Susquehanna River," said Maria Rizzo, vice president of Marketing and Advertising. "Their work in fostering collaborative partnerships to grow the Greenway aligns with our commitment to both environmental well-being and the vitality of the regions we serve." "We're incredibly grateful to Weis Markets for their generous donation and their continued dedication to our community and the Susquehanna Greenway,' Leslie Warriner, Susquehanna Greenway Partnership executive director said. 'As we celebrate Earth Day, this support helps us keep moving forward with projects and programs that connect people to the outdoors and protect the places we all love along the Greenway." RICK DANDES
Yahoo
10-04-2025
- Business
- Yahoo
Weis Markets, Inc.'s (NYSE:WMK) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Weis Markets (NYSE:WMK) has had a great run on the share market with its stock up by a significant 20% over the last three months. But the company's key financial indicators appear to be differing across the board and that makes us question whether or not the company's current share price momentum can be maintained. Specifically, we decided to study Weis Markets' ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Weis Markets is: 7.6% = US$110m ÷ US$1.4b (Based on the trailing twelve months to December 2024). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.08 in profit. View our latest analysis for Weis Markets Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. When you first look at it, Weis Markets' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 14%. Therefore, Weis Markets' flat earnings over the past five years can possibly be explained by the low ROE amongst other factors. We then compared Weis Markets' net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 11% in the same 5-year period, which is a bit concerning. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Weis Markets is trading on a high P/E or a low P/E , relative to its industry. Despite having a normal three-year median payout ratio of 32% (implying that the company keeps 68% of its income) over the last three years, Weis Markets has seen a negligible amount of growth in earnings as we saw above. So there could be some other explanation in that regard. For instance, the company's business may be deteriorating. Additionally, Weis Markets has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. On the whole, we feel that the performance shown by Weis Markets can be open to many interpretations. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. Up till now, we've only made a short study of the company's growth data. So it may be worth checking this free detailed graph of Weis Markets' past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
There's Been No Shortage Of Growth Recently For Weis Markets' (NYSE:WMK) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at Weis Markets (NYSE:WMK) so let's look a bit deeper. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Weis Markets: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.075 = US$132m ÷ (US$2.1b - US$343m) (Based on the trailing twelve months to December 2024). Therefore, Weis Markets has an ROCE of 7.5%. In absolute terms, that's a low return and it also under-performs the Consumer Retailing industry average of 11%. View our latest analysis for Weis Markets While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating Weis Markets' past further, check out this free graph covering Weis Markets' past earnings, revenue and cash flow. While in absolute terms it isn't a high ROCE, it's promising to see that it has been moving in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 7.5%. The amount of capital employed has increased too, by 28%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed. All in all, it's terrific to see that Weis Markets is reaping the rewards from prior investments and is growing its capital base. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue. Like most companies, Weis Markets does come with some risks, and we've found 1 warning sign that you should be aware of. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
24-02-2025
- Business
- Yahoo
Blenheim Group Announces Weis Markets Groundbreaking and Signing of Leases with Several National Tenants at Bayberry Town Center
Momentum Builds as Premier 280,000 SF Mixed-Use Center in Middletown, DE Takes Shape MIDDLETOWN, Del., February 24, 2025--(BUSINESS WIRE)--Blenheim Group is pleased to announce that construction has started on Weis Markets at Bayberry Town Center, a highly anticipated 280,000-square-foot mixed-use retail destination in north Middletown, Delaware. The 64,000-square-foot store will be Weis Markets' fourth store in Delaware and its first ground-up development in the state. It will feature Weis Markets' latest in innovative store design, including expansive fresh departments, a pharmacy, a grocery department with excellent variety, as well as a Weis Gas N' Go fuel center. Customers will be able to order groceries online with the option of home delivery or in-store pick-up. Both the grocery store and the fuel center are projected to open Q4 2025. "It is great to get started," said Weis Markets Chairman, CEO and President Jonathan Weis. "When completed, our new Bayberry store will offer a strong combination of quality, value and convenience. We look forward to serving the Village of Bayberry and the surrounding communities." The Bayberry Town Center project is gaining significant momentum, with a strong lineup of national and local tenants wanting to establish a presence in this growing trade area. Chipotle, McDonald's, and Bloom Nail Salon have signed leases. Blenheim Group is in negotiations with Chase Bank, Wingstop, UPS, Great Clips, and Verizon to finalize their leases. Additional first-class retailers, restaurants, and service providers are in active discussions to secure space. The first buildings will begin construction this spring, with grand openings expected between fall 2025 and spring 2026. To celebrate the start of construction of this premier retail destination, a groundbreaking ceremony is planned at Bayberry Town Center this spring. Date and time to be announced. "With this mix of nationally and locally known tenants, Bayberry Town Center will be a dynamic retail destination with convenient access to essential offerings for the community," said Jay Sonecha, President of Blenheim Group. "We're thrilled these tenants have chosen Bayberry Town Center for their next locations and look forward to celebrating our groundbreaking." Once complete, Bayberry Town Center will be a vibrant gathering place designed to complement the Village of Bayberry, a thriving, rapidly growing master-planned community developed by the Blenheim Group. The center will feature: Seamless connectivity: internal streets and trails link over 3,000 homes directly to the center 145 townhomes integrated into the center Two beautiful green spaces for community programming Located along Boyds Corner Road (Rt. 896) between Jamison Corner Road and Routes 1 & 13, The Village of Bayberry includes nearly 2,700 homes (over 2,000 already sold) and 600 acres of open space, offering miles of walking paths, parks, playgrounds, lakes, and luxury clubhouses. Bayberry Town Center has additional in-line and pad site restaurant and retail space available. For leasing opportunities, please contact Jim Tancredi with LMT Commercial at JTancredi@ or (302) 222-7574. About Bayberry Town Center Bayberry Town Center is a planned mixed-use center with 280,000 square feet of retail and office space located within the thriving community of The Village of Bayberry just north of Middletown, Delaware. Anchored by a first-class, 64,000-square-foot Weis Markets grocery store and gas station, the center will feature a diverse mix of retail, restaurants, and services, offering convenience and variety to attract shoppers and drive tenant success. Developed by Blenheim Group, it aims to support the rapidly growing Village of Bayberry and neighboring residential communities with much-needed retail and dining options. With its inviting nature and abundance of community gathering spaces, Bayberry Town Center seeks to blend small-town charm and modern-day conveniences. Download Bayberry Town Center Brochure About Weis Markets Founded in 1912, Weis Markets, Inc. is a Mid-Atlantic food retailer operating 198 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. View source version on Contacts Bayberry Town Center Media Contact: Britni Ackrivo backrivo@ (484) 504-9920 Leasing Contact: Jim Tancredi, LMT Commercial JTancredi@ (302) 222-7574
