# WEIS MARKETS INC (WMK) Informational only - not investment advice. CIK: 0000105418 SIC: 5411 Retail-Grocery Stores SIC breadcrumb: [Retail Trade](/division/G/) > [SIC Major Group 54](/major-group/54/) > [SIC 5411 Retail-Grocery Stores](/industry/5411/) Latest 10-K filed: 2026-03-12 SEC page: https://www.sec.gov/edgar/browse/?CIK=105418 Filing source: https://www.sec.gov/Archives/edgar/data/105418/000010541826000024/wmk-20251227x10k.htm ## At a glance FY2025 · period end 2025-12-27 · filed 2026-03-12 · accession 0000105418-26-000024 · source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000105418.json | Metric | Value | FY | Provenance | | --- | ---: | ---: | --- | | Revenue | 4,957,709,000 USD | 2025 | verified | | Net income | 93,691,000 USD | 2025 | verified | | Assets | 2,027,359,000 USD | 2025 | verified | | Free cash flow | 4,825,000 USD | 2025 | computed | | Net margin | 1.89% | 2025 | computed | | Operating margin | 2.29% | 2025 | computed | | Revenue YoY | +3.46% | 2025 | computed | | ROE | 6.93% | 2025 | computed | Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Operating margin = operating income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity. No market price, no rating, no forecast on this site. Not investment advice. ### Peer percentile fingerprint | Ratio | WMK | Peer median | Percentile | N | | --- | ---: | ---: | ---: | ---: | | Net margin | 1.9% | 1.7% | 57 | 8 | | Operating margin | 2.3% | 2.2% | 57 | 8 | | Revenue growth | 3.5% | 3.6% | 43 | 8 | | FCF margin | 0.1% | 1.1% | 0 | 8 | | ROE | 6.9% | 11.6% | 29 | 8 | | ROA | 4.6% | 3.9% | 57 | 8 | | Liabilities / equity | 0.50 | 2.05 | 0 | 8 | | Current ratio | 1.93 | 1.10 | 86 | 8 | Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 5411 Retail-Grocery Stores, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking. ## Selected Fundamentals | Metric | Value | Unit | FY | Filed | | --- | ---: | --- | ---: | --- | | Revenue | 4957709000 | USD | 2025 | 2026-03-12 | | Net income | 93691000 | USD | 2025 | 2026-03-12 | | Assets | 2027359000 | USD | 2025 | 2026-03-12 | ## Financials Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-03-12. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000105418.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts. | Metric | 2009 | 2010 | 2011 | 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | | | | | 3,136,720,000 | 3,466,807,000 | 3,509,270,000 | 3,543,299,000 | 4,112,601,000 | 4,224,417,000 | 4,713,986,000 | 4,714,573,000 | 4,791,730,000 | 4,957,709,000 | | Net income | | | | | 87,162,000 | 98,414,000 | 62,738,000 | 67,983,000 | 118,917,000 | 108,849,000 | 125,196,000 | 100,854,000 | 106,024,000 | 93,691,000 | | Operating income | | | | | 98,325,000 | 78,519,000 | 82,671,000 | 84,639,000 | 163,178,000 | 146,711,000 | 157,052,000 | 133,141,000 | 126,386,000 | 113,653,000 | | Gross profit | | | | | 863,538,000 | 912,523,000 | 935,001,000 | 938,194,000 | 1,100,434,000 | 1,115,707,000 | 1,199,957,000 | 1,175,519,000 | 1,198,750,000 | 1,239,863,000 | | Diluted EPS | | | | | | | | 2.53 | 4.42 | 4.05 | 4.65 | 3.75 | 3.94 | 3.65 | | Operating cash flow | | | | | 149,076,000 | 159,147,000 | 150,263,000 | 171,686,000 | 277,990,000 | 227,709,000 | 218,024,000 | 201,602,000 | 187,467,000 | 207,206,000 | | Capital expenditures | | | | | 142,144,000 | 95,857,000 | 95,696,000 | 101,456,000 | 130,991,000 | 151,800,000 | 122,169,000 | 104,010,000 | 161,349,000 | 202,381,000 | | Dividends paid | | | | | 32,278,000 | 32,278,000 | 32,546,000 | 33,354,000 | 33,354,000 | 33,623,000 | 34,968,000 | 36,582,000 | 36,582,000 | 35,117,000 | | Share buybacks | 1,973,000 | 2,000 | 0.00 | 0.00 | | | | | | | | | | 140,000,000 | | Assets | | | | | 1,431,304,000 | 1,441,739,000 | 1,432,011,000 | 1,675,562,000 | 1,820,421,000 | 1,910,475,000 | 1,951,668,000 | 2,028,105,000 | 2,090,582,000 | 2,027,359,000 | | Liabilities | | | | | 504,582,000 | 448,895,000 | 409,112,000 | 616,817,000 | 674,306,000 | 690,733,000 | 655,336,000 | 662,245,000 | 656,946,000 | 675,449,000 | | Stockholders' equity | | | | | 926,722,000 | 992,844,000 | 1,022,899,000 | 1,058,745,000 | 1,146,115,000 | 1,219,742,000 | 1,296,332,000 | 1,365,861,000 | 1,433,635,000 | 1,351,910,000 | | Cash and cash equivalents | | | | | 46,818,000 | 47,917,000 | 37,808,000 | 66,871,000 | 136,612,000 | 86,048,000 | 157,997,000 | 184,217,000 | 190,323,000 | 117,091,000 | | Free cash flow | | | | | 6,932,000 | 63,290,000 | 54,567,000 | 70,230,000 | 146,999,000 | 75,909,000 | 95,855,000 | 97,592,000 | 26,118,000 | 4,825,000 | ### Ratios ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported. | Metric | 2009 | 2010 | 2011 | 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Net margin | | | | | 2.78% | 2.84% | 1.79% | 1.92% | 2.89% | 2.58% | 2.66% | 2.14% | 2.21% | 1.89% | | Operating margin | | | | | 3.13% | 2.26% | 2.36% | 2.39% | 3.97% | 3.47% | 3.33% | 2.82% | 2.64% | 2.29% | | Return on equity | | | | | 9.41% | 9.91% | 6.13% | 6.42% | 10.38% | 8.92% | 9.66% | 7.38% | 7.40% | 6.93% | | Return on assets | | | | | 6.09% | 6.83% | 4.38% | 4.06% | 6.53% | 5.70% | 6.41% | 4.97% | 5.07% | 4.62% | | Liabilities / equity | | | | | 0.54 | 0.45 | 0.40 | 0.58 | 0.59 | 0.57 | 0.51 | 0.48 | 0.46 | 0.50 | | Current ratio | | | | | 1.75 | 1.76 | 1.76 | 1.74 | 1.81 | 1.95 | 2.12 | 2.41 | 2.41 | 1.93 | ## As-reported value updates 11 tracked differences above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period. Ledger: /company/WMK/revisions/ ## Quarterly Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-08-06. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000105418.json. Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived. | Quarter | End date | Revenue | Net income | Diluted EPS | Method | | --- | --- | ---: | ---: | ---: | --- | | 2022-Q3 | 2022-09-24 | | | 1.07 | reported discrete quarter | | 2023-Q1 | 2023-04-01 | | | 0.96 | reported discrete quarter | | 2023-Q2 | 2023-07-01 | | | 1.27 | reported discrete quarter | | 2023-Q3 | 2023-09-30 | 1,160,306,000 | 23,226,000 | 0.86 | reported discrete quarter | | 2023-Q4 | 2023-12-30 | 1,212,975,000 | 20,523,000 | | derived Q4 = FY annual - nine-month YTD | | 2024-Q1 | 2024-03-30 | 1,178,168,000 | 23,165,000 | 0.86 | reported discrete quarter | | 2024-Q2 | 2024-06-29 | 1,181,456,000 | 26,259,000 | 0.98 | reported discrete quarter | | 2024-Q3 | 2024-09-28 | 1,186,232,000 | 25,840,000 | 0.96 | reported discrete quarter | | 2024-Q4 | 2024-12-28 | 1,245,128,000 | 34,678,000 | | derived Q4 = FY annual - nine-month YTD | | 2025-Q1 | 2025-03-29 | 1,200,776,000 | 20,478,000 | 0.76 | reported discrete quarter | | 2025-Q2 | 2025-06-28 | 1,218,796,000 | 26,526,000 | 1.01 | reported discrete quarter | | 2025-Q3 | 2025-09-27 | 1,242,307,000 | 18,233,000 | 0.74 | reported discrete quarter | | 2025-Q4 | 2025-12-27 | 1,295,830,000 | 28,454,000 | | derived Q4 = FY annual - nine-month YTD | | 2026-Q1 | 2026-03-28 | 1,255,912,000 | 27,853,000 | 1.13 | reported discrete quarter | | 2026-Q2 | 2026-06-27 | 1,275,308,000 | 22,856,000 | 0.92 | reported discrete quarter | ## Filed narrative (10-K & 10-Q) ## Business Verbatim Item 1 Business section from WMK's latest 10-K: [/company/WMK/business/](/company/WMK/business/). ## Risk Factors Verbatim Item 1A Risk Factors from WMK's latest 10-K: [/company/WMK/risk-factors/](/company/WMK/risk-factors/). ## Latest quarter (10-Q) Latest 10-Q source: https://www.sec.gov/Archives/edgar/data/105418/000010541826000051/wmk-20260627x10q.htm Extracted structurally from real Item 2 body heading to real Item 3/4 boundary. Confidence: high Filing date: 2026-08-06 Report date: 2026-06-27 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) ​ [[GREPCENT_TABLE]] [["\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["\u200b","\u200b","Percentage Change"],["\u200b","\u200b","13 Weeks Ended"],["June 27, 2026","\u200b","\u200b","2026 vs. 2025","\u200b","\u200b","2025 vs. 2024","\u200b"],["Comparable store sales (individual year)","\u200b","\u200b","2.3","%","\u200b","1.8","%"],["Comparable store sales (two-year stacked)","\u200b","\u200b","4.1","\u200b","\u200b","\u200b","\u200b"],["Comparable store sales, excluding fuel (individual year)","\u200b","\u200b","(0.4)","\u200b","\u200b","2.3","%"],["Comparable store sales, excluding fuel (two-year stacked)","\u200b","\u200b","1.9","%","\u200b","\u200b","\u200b"],["\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["\u200b","\u200b","Percentage Change"],["\u200b","\u200b","26 Weeks Ended"],["June 27, 2026","\u200b","\u200b","2026 vs. 2025","\u200b","\u200b","2025 vs. 2024","\u200b"],["Comparable store sales (individual year)","\u200b","\u200b","2.2","%","\u200b","1.4","%"],["Comparable store sales (two-year stacked)","\u200b","\u200b","3.6","\u200b","\u200b","\u200b","\u200b"],["Comparable store sales, excluding fuel (individual year)","\u200b","\u200b","0.4","\u200b","\u200b","1.7","%"],["Comparable store sales, excluding fuel (two-year stacked)","\u200b","\u200b","2.1","%","\u200b","\u200b","\u200b"]] [[/GREPCENT_TABLE]] ​ When calculating the percentage change in comparable store sales, the Company defines a new store to be comparable after it has been in operation for five full fiscal quarters. Relocated stores and stores with expanded square footage are included in comparable store sales since these units are located in existing markets and are open during construction. Planned store dispositions are excluded from the calculation. The Company only includes retail food stores in the calculation. ​ ​ 13 Table of Contents ​ WEIS MARKETS, INC. ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) Results of Operations Analysis of Consolidated Statements of Income [[GREPCENT_TABLE]] [["\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","Percentage Change","\u200b"],["\u200b","\u200b","13 Weeks Ended","\u200b","26 Weeks Ended","\u200b","13 Weeks Ended","\u200b","26 Weeks Ended","\u200b"],["(amounts in thousands, except per share amounts)","\u200b","\u200b","June 27, 2026","\u200b","\u200b","June 28, 2025","\u200b","\u200b","June 27, 2026","\u200b","\u200b","June 28, 2025","\u200b","\u200b","2026 vs. 2025","\u200b","2026 vs. 2025","\u200b"],["Net sales","\u200b","$","1,270,858","\u200b","$","1,214,479","\u200b","$","2,522,576","\u200b","$","2,411,284","\u200b","\u200b","4.6","%","\u200b","4.6","%"],["Other revenue","\u200b","\u200b","4,450","\u200b","\u200b","4,317","\u200b","\u200b","8,644","\u200b","\u200b","8,288","\u200b","\u200b","3.1","\u200b","\u200b","4.3","\u200b"],["Total revenue","\u200b","\u200b","1,275,308","\u200b","\u200b","1,218,796","\u200b","\u200b","2,531,220","\u200b","\u200b","2,419,572","\u200b","\u200b","4.6","\u200b","\u200b","4.6","\u200b"],["Cost of sales, including advertising, warehousing and distribution expenses","\u200b","\u200b","946,907","\u200b","\u200b","912,129","\u200b","\u200b","1,872,572","\u200b","\u200b","1,814,668","\u200b","\u200b","3.8","\u200b","\u200b","3.2","\u200b"],["Gross profit on sales","\u200b","\u200b","328,401","\u200b","\u200b","306,667","\u200b","\u200b","658,648","\u200b","\u200b","604,904","\u200b","\u200b","7.1","\u200b","\u200b","8.9","\u200b"],["Gross profit margin","\u200b","\u200b","25.8","%","\u200b","25.3","%","\u200b","26.1","%","\u200b","25.1","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Operating, general and administrative expenses","\u200b","\u200b","299,294","\u200b","\u200b","276,428","\u200b","\u200b","593,839","\u200b","\u200b","552,894","\u200b","\u200b","8.3","\u200b","\u200b","7.4","\u200b"],["O, G & A, percent of net sales","\u200b","\u200b","23.6","%","\u200b","22.8","%","\u200b","23.5","%","\u200b","22.9","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Income from operations","\u200b","\u200b","29,107","\u200b","\u200b","30,239","\u200b","\u200b","64,809","\u200b","\u200b","52,010","\u200b","\u200b","(3.7)","\u200b","\u200b","24.6","\u200b"],["Operating margin","\u200b","\u200b","2.3","%","\u200b","2.5","%","\u200b","2.6","%","\u200b","2.2","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Investment income (loss) and interest expense","\u200b","\u200b","4,830","\u200b","\u200b","5,294","\u200b","\u200b","5,292","\u200b","\u200b","9,705","\u200b","\u200b","(8.8)","\u200b","\u200b","(45.5)","\u200b"],["Investment income (loss) and interest expense, percent of net sales","\u200b","\u200b","0.4","%","\u200b","0.4","%","\u200b","0.2","%","\u200b","0.4","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Other income (expense)","\u200b","\u200b","(3,280)","\u200b","\u200b","(2,163)","\u200b","\u200b","(2,068)","\u200b","\u200b","(1,805)","\u200b","\u200b","(51.6)","\u200b","\u200b","(14.6)","\u200b"],["Other income (expense), percent of net sales","\u200b","\u200b","(0.3)","%","\u200b","(0.2)","%","\u200b","(0.1)","%","\u200b","(0.1)","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Income before provision for income taxes","\u200b","\u200b","30,657","\u200b","\u200b","33,370","\u200b","\u200b","68,033","\u200b","\u200b","59,910","\u200b","\u200b","(8.1)","\u200b","\u200b","13.6","\u200b"],["Income before provision for income taxes, percent of net sales","\u200b","\u200b","2.4","%","\u200b","2.7","%","\u200b","2.7","%","\u200b","2.5","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Provision for income taxes","\u200b","\u200b","7,801","\u200b","\u200b","8,092","\u200b","\u200b","17,324","\u200b","\u200b","15,084","\u200b","\u200b","(3.6)","\u200b","\u200b","14.9","\u200b"],["Effective income tax rate","\u200b","\u200b","25.4","%","\u200b","24.2","%","\u200b","25.5","%","\u200b","25.2","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Net income","\u200b","$","22,856","\u200b","$","25,277","\u200b","$","50,709","\u200b","$","44,826","\u200b","\u200b","(9.6)","%","\u200b","13.1","%"],["Net income, percent of net sales","\u200b","\u200b","1.8","%","\u200b","2.1","%","\u200b","2.0","%","\u200b","1.9","%","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["Basic and diluted earnings per share","\u200b","$","0.92","\u200b","$","0.96","\u200b","$","2.05","\u200b","$","1.69","\u200b","\u200b","(4.2)","%","\u200b","21.3","%"]] [[/GREPCENT_TABLE]] ​ ​ Net Sales Individual Year-Over-Year Analysis of Sales [[GREPCENT_TABLE]] [["\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["\u200b","\u200b","Percentage Change"],["\u200b","\u200b","2026 vs. 2025"],["June 27, 2026","\u200b","13 Weeks Ended","26 Weeks Ended","\u200b"],["Net sales","\u200b \u200b \u200b","4.6","%","\u200b","4.6","%"],["Net sales, excluding fuel","\u200b","1.7","\u200b","\u200b","2.6","\u200b"],["Comparable store sales (individual year)","\u200b","2.3","\u200b","\u200b","2.2","\u200b"],["Comparable store sales, excluding fuel (individual year)","\u200b","(0.4)","%","\u200b","0.4","%"]] [[/GREPCENT_TABLE]] ​ When calculating the percentage change in comparable store sales, the Company defines a new store to be comparable after it has been in operation for five full fiscal quarters. Relocated stores and stores with expanded square footage are included in comparable store sales since these units are located in existing markets and are open during construction. 14 Table of Contents ​ Planned store dispositions are excluded from the calculation. The Company only includes retail food stores in the calculation. ​ ​ ​ WEIS MARKETS, INC. ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) ​ According to the latest U.S. Bureau of Labor Statistics’ report, the Seasonally Adjusted Food-at-Home Consumer Price Index increased 0.9% and 0.1% for the thirteen week periods ended June 27, 2026 and June 28, 2025, respectively. The Seasonally Adjusted Food-at-Home Consumer Price Index increased 1.4% and 1.1% for the twenty-six week periods ended June 27, 2026 and June 28, 2025, respectively. According to the U.S. Department of Energy, the average price of gasoline in the Central Atlantic States increased 31.9% or $1.06 per gallon in the thirteen weeks ended June 27, 2026, compared to the same period in 2025. The average price of gasoline in the Central Atlantic States increased 14.9% or $0.50 per gallon in the first twenty-six weeks of 2026 when compared to the same period in 2025. Although the U.S. Bureau of Labor Statistics’ and the U.S. Department of Energy indices may be reflective of broader trends, they will not necessarily be indicative of the Company’s actual results. ​ Total net sales increased 4.6% to $1.3 billion for the thirteen weeks ended June 27, 2026, from $1.2 billion for the thirteen weeks ended June 28, 2025. In the twenty-six weeks ended June 27, 2026, total net sales increased 4.6% to $2.5 billion from $2.4 billion in 2025.The increase in total net sales includes retail price inflation in grocery, pharmacy, fresh product categories and fuel. Comparable store sales for the thirteen weeks ended June 27, 2026, compared to the same period in 2025 increased 2.3% including fuel and decreased 0.4% excluding fuel. Comparable store sales for the twenty-six weeks ended June 27, 2026, compared to the same period in 2025 increased 2.2% including fuel and 0.4% excluding fuel. Although the Company experienced retail inflation and deflation in various commodities for the periods presented, the Company anticipates overall product costs to increase given the recent inflationary indicators in the food retail industry. Management cannot accurately measure the full impact of inflation or deflation on retail pricing due to changes in the types of merchandise sold between periods, shifts in customer buying patterns and the fluctuation of competitive factors. Management remains confident in its ability to generate long-term sales growth in a highly competitive environment, but also understands some competitors have greater financial resources and could use these resources to take measures which could adversely affect the Company’s competitive position. Cost of Sales and Gross Profit Cost of sales consists of direct product costs (net of vendor discounts and allowances), net advertising costs, distribution center and transportation costs, as well as manufacturing facility operations. Gross profit on sales increased 7.1% and 8.9% for the thirteen and twenty-six weeks ended June 27, 2026, respectively, compared to the same period in 2025. Gross profit margin increased 0.5% and 1.0% for the thirteen and twenty-six weeks ended June 27, 2026, respectively, when compared to the same period in 2025. Non-cash LIFO inventory valuation adjustments represent expense of $770 thousand in the first twenty-six weeks of 2026 compared to expense of $99 thousand in the same period in 2025. Although the Company experienced cost inflation and deflation in various commodities for the periods presented, the Company anticipates overall product costs to increase given the recent inflationary trends in the food retail industry. 15 Table of Contents ​ WEIS MARKETS, INC. ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued) ​ Operating, General and Administrative Expenses [Excerpt truncated for page length; source filing is linked above.] ## Latest 10-K MD&A (excerpt) Latest 10-K Item 7 source: https://www.sec.gov/Archives/edgar/data/105418/000010541826000024/wmk-20251227x10k.htm Complete FY 2025 MD&A: /company/WMK/mda/fy2025/ Extracted structurally from real Item 7 body heading to real Item 7A/8 boundary. Confidence: high Filing date: 2026-03-12 Report date: 2025-12-27 Item 7.   Management's Discussion and Analysis of Financial Condition and Results of Operations: (continued) Company Overview General Weis Markets is a conventional supermarket chain that currently operates 202 retail stores with over 22 thousand employees located in Pennsylvania and six surrounding states: Delaware, Maryland, New Jersey, New York, Virginia, and West Virginia. Approximately 94% of Weis Markets employees are paid an hourly wage. Its products sold include groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services at certain locations, deli products, prepared foods, bakery products, beer and wine, fuel, and general merchandise items, such as health and beauty care and household products. The store product selection includes national, local and private brands and the Company promotes competitive pricing by using Everyday Lower Price; Low Price Guarantee; Low, Low Price; Weekly Hot Buys; senior and military discounts; and Loyalty programs. The Loyalty program includes reward points that may be redeemed for discounts on items in store, at one of the Company’s fuel stations or one of its third-party fuel station partners. Utilizing its own strategically located distribution center and transportation fleet, Weis Markets self distributes approximately 52% of product supplied to stores with the remaining being supplied by direct store delivery vendors and regional wholesalers. In addition, the Company has three manufacturing facilities which process milk, water, ice, ice cream and fresh meat products. The corporate offices are located in Sunbury, Pennsylvania where the Company was founded in 1912. The Company has provided additional product offerings and customer conveniences such as “Weis 2 Go Online,” currently offered at 195 store locations. “Weis 2 Go Online” allows the customer to order on-line and have their order delivered or picked up at an expedient store drive-thru. The Company also currently offers home delivery to customers at all 202 of its locations via multiple grocery delivery partners. Strategic Imperatives The following strategic imperatives continue to be focused upon by the Company to attempt to ensure the success of the Company in the coming years: [[GREPCENT_TABLE]] [["","\u25cf","Establish a Sales Driven Culture \u2013 The Company continues to focus on sales and profits growth, improved operating practices, increased productivity and positive cash flow. The Company believes disciplined growth will increase its market share and operating profits, resulting in enhanced shareholder value. The Company\u2019s method of driving sales includes focused preparation and execution of sales programs, investing in new stores and remodels, and strategic acquisitions. Communicating clear executable standards and aligning performance measures across the organization will help to instill a sales-driven operating environment."]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Build and Support Human Capital \u2013 The Company believes that talent is a business differentiator and is committed to creating a sustainable competitive advantage through the selection, development and promotion of talented, highly motivated people. The Company believes that establishing a learning culture supports its commitment to be an employer of choice and helps drive customer engagement with its employees. Improvements in the Company\u2019s talent management and development will help drive business impact while providing internal career opportunities. The Company continues to grow leaders at every level throughout the organization by creating a culture of mentoring, coaching and leveraging on-the-job assignments for continued development. The Company believes that a strong employment brand is necessary to attract and retain top talent and affects its ability to compete and execute strategic plans. The Company will continue to assess and upgrade underlying technologies to support human capital development as a strategic imperative for future growth."]] [[/GREPCENT_TABLE]] 14 Table of Contents WEIS MARKETS, INC. Item 7.   Management's Discussion and Analysis of Financial Condition and Results of Operations: (continued) Company Overview (continued) [[GREPCENT_TABLE]] [["","\u25cf","Become More Relevant to Consumers \u2013 Understanding the consumer is crucial to the Company\u2019s strategic plan. The Company will develop and cultivate a culture where it is continually \u201con trend\u201d with its consumers at the current time and where they are going next. The Company researches and studies the wants and needs of core consumers and casual consumers. It measures customer satisfaction and shares insights across the organization to improve communication between Management and its consumers. The Company uses consumer data to measure the value of programs offered and support consumer attraction and retention. The Company believes that its private brand products exceed consumer expectations and will continue to focus on the value and attribute messaging to drive organic growth."]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Create Meaningful Differentiation \u2013 The Company recognizes the need to offer a compelling reason for customers to choose them over other channels. The Company has identified product pricing and promotion, customer shopping experience, and merchandising strategies as critical components of future success. The Company recognizes that the core of the strategy will focus on alignment of merchandising programs that foster customer engagement supported by a shopping experience that surpasses customers\u2019 expectations. As part of this strategy, Management is committed to offering its customers a strong combination of quality, service and value."]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Develop and Align Organizational Capabilities \u2013 The Company will elevate organizational capacity to support decision effectiveness and deliver consistent execution. To support this strategy the Company will assess organizational capacity to support the Company\u2019s strategic direction. The Company will align business functions and processes to enhance key capabilities and to support scalability of operations. Continued investments in information technology systems to improve employee engagement, increase productivity, and provide valuable insight into customer behavior/shopping trends will remain a focus of the Company. The Company believes these systems will continue to play a key role in the measurement of the Company\u2019s strategic decisions and financial returns."]] [[/GREPCENT_TABLE]] [[GREPCENT_TABLE]] [["","\u25cf","Focus on Sustainability Strategies and Community Stewardship \u2013 The Company strives to be good stewards of the environment and makes this an important part of its overall mission. Its sustainability strategy operates under four key pillars: natural resource conservation, green design, community impact, and food and agricultural impact. The goal of the sustainability strategy is to reduce the Company\u2019s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on the environment. In November 2025, the Company established the Weis Markets Charitable Foundation, Inc. (the \u201cFoundation\u201d), a federal income tax-exempt nonprofit corporation organized under Internal Revenue Code Section 501(c)(3) as a public charity. The Foundation\u2019s mission is to continue to support and assist the local nonprofit organizations in communities where the Company operates. The Company\u2019s most recently published sustainability report is located at: https://www.weismarkets.com/sustainability."]] [[/GREPCENT_TABLE]] Results of Operations Two-Year Stacked Comparable Store Sales Analysis Management is providing Comparable Store Sales Two-Year Stacked analysis, a non-GAAP measure, because Management believes this metric is useful to investors and analysts. Information presented in the tables below is not intended for use as an alternative to any other measure of performance. It is not recommended that this table be considered a substitute for the Company’s operating results as reported in accordance with GAAP. 15 Table of Contents WEIS MARKETS, INC. Item 7.   Management's Discussion and Analysis of Financial Condition and Results of Operations: (continued) Results of Operations (continued) Year-over-year and sequential comparisons are the primary calculations used to analyze operating results, however, due to significant fluctuations caused by retail inflation and deflation in various commodities and changes in government benefits such as SNAP/EBT, Management believes it is necessary to provide a Two-Year Stacked Comparable Store Sales analysis. The following table provides the two-year stacked comparable store sales, including and excluding fuel, for the fiscal years ended December 27, 2025, and December 28, 2024, as well as fiscal years ended December 28, 2024, and December 30, 2023, respectively. [[GREPCENT_TABLE]] [["\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b","\u200b"],["\u200b","\u200b","Percentage Change"],["\u200b","\u200b","Year Ended"],["December 27, 2025","\u200b","\u200b","2025 vs. 2024","\u200b","\u200b","2024 vs. 2023","\u200b"],["Comparable store sales, excluding fuel (individual year)","\u200b","\u200b","2.1","\u200b","\u200b","1.9","\u200b"],["Comparable store sales, excluding fuel (two-year stacked)","\u200b","\u200b","4.0","\u200b","\u200b","\u200b","\u200b"],["Comparable store sales (individual year)","\u200b","\u200b","2.0","\u200b","\u200b","1.7","%"],["Comparable store sales (two-year stacked)","\u200b","\u200b","3.7","%","\u200b","\u200b","\u200b"]] [[/GREPCENT_TABLE]] ​ When calculating the percentage change in comparable store sales, the Company defines a new store to be comparable after it has been in operation for five full fiscal quarters. Relocated stores and stores with expanded square footage are included in comparable store sales since these units are located in existing markets and are open during construction. Planned store dispositions are excluded from the calculation. The Company only includes retail food stores in the calculation. ​ ​ Analysis of Consolidated Statements of Income ​ [Excerpt truncated for page length; the complete text is on the linked full-MD&A page.] Read the full FY 2025 MD&A: /company/WMK/mda/fy2025/ All MD&A years: /company/WMK/mda/ ## MD&A history Prior-year 10-K MD&A spans are extracted from SEC filings with the same bounded parser used for the latest filing. Each year's full verbatim text is on its own sub-page. - [FY 2024 MD&A](/company/WMK/mda/fy2024/): filed 2025-02-26; accession 0000105418-25-000014 (https://www.sec.gov/Archives/edgar/data/105418/000010541825000014/wmk-20241228x10k.htm) - [FY 2023 MD&A](/company/WMK/mda/fy2023/): filed 2024-02-28; accession 0000105418-24-000015 (https://www.sec.gov/Archives/edgar/data/105418/000010541824000015/wmk-20231230x10k.htm) - [FY 2022 MD&A](/company/WMK/mda/fy2022/): filed 2023-03-01; accession 0000105418-23-000008 (https://www.sec.gov/Archives/edgar/data/105418/000010541823000008/wmk-20221231x10k.htm) - [FY 2021 MD&A](/company/WMK/mda/fy2021/): filed 2022-03-10; accession 0000105418-22-000009 (https://www.sec.gov/Archives/edgar/data/105418/000010541822000009/wmk-20211225x10k.htm) ## Macro cross-references Indicators mapped to this company's SIC classification (industry 5411 Retail-Grocery Stores) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim. - [RSAFS](/indicator/RSAFS/): Advance Retail Sales: Retail Trade - [PCE](/indicator/PCE/): Personal Consumption Expenditures - [DSPIC96](/indicator/DSPIC96/): Real Disposable Personal Income - [PSAVERT](/indicator/PSAVERT/): Personal Saving Rate - [CPIAUCSL](/indicator/CPIAUCSL/): Consumer Price Index for All Urban Consumers: All Items in U.S. City Average - [CPILFESL](/indicator/CPILFESL/): Consumer Price Index for All Urban Consumers: All Items Less Food and Energy - [CPIUFDSL](/indicator/CPIUFDSL/): Consumer Price Index for All Urban Consumers: Food - [CES0500000003](/indicator/CES0500000003/): Average Hourly Earnings of All Employees, Total Private - [UNRATE](/indicator/UNRATE/): Unemployment Rate - [PAYEMS](/indicator/PAYEMS/): All Employees, Total Nonfarm Macro-to-micro threads including this sector: [Inflation (CPI / PCE / PPI)](/thread/inflation-cpi-pce-ppi/), [US labor market](/thread/us-labor-market/), [Growth & output](/thread/growth-output/), [Sector employment](/thread/sector-employment/), [Industrial orders & inventories](/thread/industrial-orders/), [Trade & external](/thread/trade-external/). All macro indicators: /indicators/ ## For LLMs & downloads Markdown twin: /company/WMK.md · JSON record: /company/WMK.json · verified financials: /company/WMK/financials.json / /company/WMK/financials.csv · machine TOC for the whole site: /llms.txt