Weis Markets Inc.: Q2 FY2026 earnings call
What management said about Q2 FY2026, from the documents filed with the SEC on 4 August 2026: press release. The quarter’s numbers.
Key takeaways
- Total revenue rose 4.6%: Second quarter total revenue was $1.28 billion, compared with $1.22 billion a year earlier, a 4.6% increase on the 13-week quarter. Source
- Pharmacy pricing reduced revenue growth: Pharmacy revenue growth was reduced by about $10.71 million in the quarter by pricing headwinds from Medicare maximum fair price provisions effective January 1, 2026. Year-to-date reduction was $18.19 million. Source
- Comparable sales up 2.3% in quarter: Second quarter comparable store sales rose 2.3% year over year and 4.1% on a two-year stacked basis. This headline figure includes fuel. Source
- Second quarter net income fell 9.6%: Second quarter net income was $22.86 million, down from $25.28 million. Income before income taxes was $30.66 million, against $33.37 million. Source
- Year-to-date net income up 13.1%: Year-to-date net income was $50.71 million, up from $44.83 million. Year-to-date earnings per share were $2.05, against $1.69. Source
- Operating expenses rose faster than revenue: Operating, general and administrative expenses were $299.29 million, against $276.43 million. Income from operations was $29.11 million, down from $30.24 million. Source
- Promotion and loyalty spending increased: Management said it increased investment in promotions and targeted loyalty marketing while keeping in-stock conditions and the shopping experience consistent. Source
“Customers remain focused on affordability and value, which continues to impact how they shop our stores”
Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis
What changed from last quarter
- New: Store count is 202, up from 201 in the first quarter release. Source
- New: The headline comparable store sales figure now includes fuel. The first quarter headline excluded fuel, and the release now shows the excluding-fuel figure alongside.
Revenue growth and pharmacy pricing
- Total revenue rose 4.6%: Second quarter total revenue was $1.28 billion, compared with $1.22 billion a year earlier, a 4.6% increase on the 13-week quarter. Source
- Year-to-date revenue also up 4.6%: Year-to-date total revenue was $2.53 billion against $2.42 billion for the 26 weeks ended June 27, 2026, also a 4.6% increase. Source
- Pharmacy pricing reduced revenue growth: Pharmacy revenue growth was reduced by about $10.71 million in the quarter by pricing headwinds from Medicare maximum fair price provisions effective January 1, 2026. Year-to-date reduction was $18.19 million. Source
Comparable store sales
- Comparable sales up 2.3% in quarter: Second quarter comparable store sales rose 2.3% year over year and 4.1% on a two-year stacked basis. This headline figure includes fuel. Source
- Excluding fuel, comparable sales declined: Excluding fuel, second quarter comparable store sales were down 0.4% year over year, with a 1.9% two-year stacked figure. Source
- Year-to-date comparable sales up 2.2%: Year-to-date comparable store sales rose 2.2% and 3.6% on a two-year stacked basis. Excluding fuel, year-to-date comparable sales rose 0.4%. Source
- Two-year stacked measure is non-GAAP: The company provides the two-year stacked comparable store sales analysis as a non-GAAP measure, because management believes it is useful to investors and analysts. Source
“To support them, we have increased our investment in promotions and targeted loyalty marketing”
Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis
Earnings and per-share results
- Second quarter net income fell 9.6%: Second quarter net income was $22.86 million, down from $25.28 million. Income before income taxes was $30.66 million, against $33.37 million. Source
- Second quarter EPS $0.92: Basic and diluted earnings per share were $0.92 for the quarter, compared with $0.96 a year earlier. Source
- Year-to-date net income up 13.1%: Year-to-date net income was $50.71 million, up from $44.83 million. Year-to-date earnings per share were $2.05, against $1.69. Source
Costs, margins and pricing
- Operating expenses rose faster than revenue: Operating, general and administrative expenses were $299.29 million, against $276.43 million. Income from operations was $29.11 million, down from $30.24 million. Source
- Gross profit on sales increased: Gross profit on sales was $328.40 million, against $306.67 million. Cost of sales, including advertising, warehousing and distribution expenses, was $946.91 million, up from $912.13 million. Source
- Income tax provision decreased: The provision for income taxes was $7.80 million in the quarter, against $8.09 million, on pre-tax income of $30.66 million compared with $33.37 million. Source
“Customers continue to respond to these offerings, as reflected in sales growth at our newer stores.”
Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis
Customers, promotions and stores
- Promotion and loyalty spending increased: Management said it increased investment in promotions and targeted loyalty marketing while keeping in-stock conditions and the shopping experience consistent. Source
- Newer stores show sales growth: Management said customers respond to the offers, as shown by sales growth at newer stores. The release gives no store-level figures. Source
- Store base reached 202 locations: The company was operating 202 stores across seven states at the time of the release, one more than in the first quarter release. Source
Capital and shareholder returns
- Quarterly dividend held at $0.34: The board declared a $0.34 quarterly cash dividend on July 16, 2026, the same amount per share as in the prior-year quarter. Source
- Weighted-average share count fell: Weighted-average shares outstanding were 24,744,597, against 26,354,064 a year earlier. The documents do not state the reason for the change. Source
- Investment income and interest expense lower: Investment income net of interest expense was $4.83 million in the quarter, against $5.29 million, and $5.29 million year to date, against $9.71 million. Source
Coming up, as management said on 4 August 2026
- Dividend payable August 10: The $0.34 quarterly dividend is payable on August 10, 2026, to shareholders of record as of July 27, 2026. Source
Figures management reported
| Figure | Reported |
|---|---|
| Comparable store sales, individual year Source | 2.3% |
| Comparable store sales, excluding fuel, individual year Source | (0.4)% |
| Comparable store sales, two-year stacked Source | 4.1% |
| Store count Source | 202 |
Risks management discussed
- Demand: Management says affordability and value concerns continue to affect how customers shop the stores. Source
- Regulatory: Medicare maximum fair price provisions are reducing pharmacy revenue growth, by about $10.71 million in the quarter. Source
Earlier plans management reported on
- Not stated: The first quarter release said the company would continue investing in a broader promotional offering and loyalty marketing. The second quarter release reports increased investment in these areas.
Other quarters
Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.