Weis Markets Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 3 November 2026: press release. Guidance figures: 1 kept. The quarter’s numbers.

Key takeaways

Total revenue up 3.0%: Total revenue reached $1.28 billion, up 3.0%; the company attributed growth to fuel and new stores, partly offset by pharmacy, dairy and produce. Source
Operating income up 38.6%: Operating income was $28.51 million, against $20.57 million in the year-earlier quarter. Source
Comparable sales up 1.3%: Comparable store sales rose 1.3% in the quarter, with two-year stacked growth of 3.8%; excluding fuel they fell 1.2%. Source
Customers focused on affordability and value: The second-quarter release said customers remained focused on affordability and value, shaping how they shop the stores.
Pharmacy hit by Medicare pricing: Medicare maximum fair price provisions effective January 1, 2026 reduced pharmacy sales by about $14.56 million in the quarter, cutting total revenue growth by about 1.2 points. Source
Gross margin rose to 25.5%: Third quarter gross profit rose 5.8% to $324.61 million; the margin was 25.5%, against 24.8% a year earlier. Source

“In the third quarter we delivered higher total revenue and improved earnings while customers remained cautious with their spending and continued to seek affordability and value,”
Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis

Guidance

Area	Period	Figure	Against last quarter
Quarterly cash dividend Source	Dividend payable November 23, 2026	$0.34 per share	Kept

Revenue and earnings growth

Total revenue up 3.0%: Total revenue reached $1.28 billion, up 3.0%; the company attributed growth to fuel and new stores, partly offset by pharmacy, dairy and produce. Source
Operating income up 38.6%: Operating income was $28.51 million, against $20.57 million in the year-earlier quarter. Source
Quarterly EPS of $0.90: Net income was $22.21 million, up 31.4%; basic and diluted EPS was $0.90 against $0.69 a year earlier. Source
Year-to-date revenue and earnings rose: Year-to-date revenue was $3.81 billion, up 4.1%; net income rose 18.1% to $72.92 million. Source

Comparable sales and customer demand

Comparable sales up 1.3%: Comparable store sales rose 1.3% in the quarter, with two-year stacked growth of 3.8%; excluding fuel they fell 1.2%. Source
Year-to-date comparable sales up 1.9%: Year-to-date comparable store sales rose 1.9%; excluding fuel they fell 0.1%, after 2.2% and 0.4% in the first half. Source
Customers focused on affordability and value: The second-quarter release said customers remained focused on affordability and value, shaping how they shop the stores.

“Improved store inventory shrink performance and lower costs within our internal supply chain helped drive a higher gross profit margin,”
Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis

Pharmacy, dairy and produce

Pharmacy hit by Medicare pricing: Medicare maximum fair price provisions effective January 1, 2026 reduced pharmacy sales by about $14.56 million in the quarter, cutting total revenue growth by about 1.2 points. Source
Year-to-date pharmacy impact: Year-to-date, the same provisions reduced pharmacy sales by about $32.75 million, about 0.9 points of total revenue growth, though pharmacy sales still rose. Source
Egg deflation lowered dairy sales: Dairy sales fell against the prior year as egg prices were lower. Source
Cyclospora cut produce demand: Produce sales were negatively affected by lower customer demand during the Cyclospora outbreak in the third quarter. Source

Gross margin, costs and taxes

Gross margin rose to 25.5%: Third quarter gross profit rose 5.8% to $324.61 million; the margin was 25.5%, against 24.8% a year earlier. Source
Year-to-date gross margin higher: Year-to-date gross profit rose 7.8% to $983.26 million, with the margin at 25.9%, against 25.0% a year earlier. Source
Tax provision rose on higher rate: Provision for income taxes was $7.92 million against $5.37 million; the company cited a higher effective tax rate and lower investment income. Source

Promotions, loyalty and store base

Promotions and loyalty spending raised: In the second quarter, management said it raised investment in promotions and targeted loyalty marketing.
Newer stores lifting sales: Management said customers responded to these offerings, and sales grew at newer stores.
Store count at 201: The company operated 201 stores at the time of this release, against 202 in the second-quarter release. Source

Dividend, shares and investment income

Dividend held at $0.34: The July declaration set the quarterly dividend at $0.34 per share, payable August 10, 2026.
Year-to-date share count lower: Weighted-average shares were 24,744,597 year-to-date, against 25,999,035 a year earlier, per the income statement. Source
Investment income lower year-to-date: Investment income and interest expense was $7.38 million year-to-date, against $12.98 million a year earlier. Source

Figures management reported

Figure	Reported
Comparable store sales Source	+1.3% third quarter; two-year stacked 3.8%; +1.9% year-to-date
Comparable store sales excluding fuel Source	-1.2% third quarter; -0.1% year-to-date
Gross margin Source	25.5% third quarter (24.8% prior year); 25.9% year-to-date (25.0% prior year)
Store count Source	201 stores

Risks management discussed

Regulatory: Medicare maximum fair price provisions reduced year-to-date total revenue growth by about 0.9 percentage points. Source
Demand: Management cited customers cautious about spending and seeking value as a factor in the quarter's sales. Source
Operational: Produce sales were held back by a Cyclospora outbreak in the third quarter. Source
External: Lower egg prices compared with last year reduced dairy sales. Source
Financial: A higher effective income tax rate and lower investment income moderated net income growth. Source

Earlier plans management reported on

Not stated: Management said it continues to support customers through price investments and an expanded loyalty marketing program. Source
Not stated: Management said these investments continue to enhance customer value and convenience and support efficiency across the business. Source

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.

As filed with the SEC

Open the filing on EDGAR

Dennis Curtin

Weis Markets, Inc.

WEIS MARKETS REPORTS THIRD QUARTER 2026 RESULTS

Third Quarter 2026 total revenue increased 3.0% and comparable store sales increased 1.3%

Sunbury, PA (November 3, 2026) - Weis Markets, Inc. (NYSE: WMK) (“Weis Markets”, or the “Company”) today reported its financial results for the 13-week third quarter and 39-week year-to-date ended September 26, 2026.

“In the third quarter we delivered higher total revenue and improved earnings while customers remained cautious with their spending and continued to seek affordability and value,” said Weis Markets, Inc. Chairman, President and CEO Jonathan H. Weis. “Higher fuel sales, reflecting both retail price inflation and increased gallons sold, along with sales from new stores, supported the quarter’s total revenue increase. Inflation Reduction Act-related pharmacy pricing changes, egg price deflation and lower produce demand during the Cyclospora outbreak moderated sales performance. We continue to support our customers through price investments and an expanded loyalty marketing program.”

“Improved store inventory shrink performance and lower costs within our internal supply chain helped drive a higher gross profit margin,” said Mr. Weis. “Our people, process and technology investments continue to enhance customer value and convenience while supporting greater efficiency across our operations, including stores, supply chain, manufacturing and the Store Support Center. We are grateful to our associates for their commitment to our customers and our business.”

Third Quarter 2026 Results

Total revenue was $1.28 billion for the 13-week third quarter ended September 26, 2026, compared to $1.24 billion for the same period in 2025, a 3.0% increase. Sales growth was driven primarily by higher fuel sales and sales from new stores, partially offset by lower overall sales in pharmacy, dairy and produce. Pharmacy sales were negatively impacted by approximately $14.56 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026, reducing total revenue growth by approximately 1.2 percentage points. Dairy sales reflected lower egg pricing compared with the prior year, and produce sales were negatively affected by lower customer demand during the Cyclospora outbreak in the third quarter. Third quarter comparable store sales increased 1.3%, while comparable store sales excluding fuel decreased 1.2%.

Third quarter gross profit increased 5.8% to $324.61 million, and gross profit margin increased to 25.5% from 24.8% in 2025. Income from operations increased 38.6% to $28.51 million. The increase in operating income more than offset lower investment income and a higher effective income tax rate.

The Company’s third quarter net income was $22.21 million compared to $16.90 million in 2025, a 31.4% increase. Based on weighted-average shares outstanding, third quarter earnings per share were $0.90 compared to $0.69 per share for the same period in 2025.

Year-To-Date 2026 Results

Total revenue was $3.81 billion for the 39-week year-to-date period ended September 26, 2026, compared to $3.66 billion for the same period in 2025, a 4.1% increase. Sales growth was driven primarily by higher fuel sales and sales from new stores, with grocery and pharmacy sales also increasing compared with the prior year. Despite higher year-to-date pharmacy sales, the category was negatively impacted by approximately $32.75 million from pricing headwinds related to the Inflation Reduction Act Medicare maximum fair price provisions, which became effective January 1, 2026, reducing total revenue growth by approximately 0.9 percentage points. Lower overall sales in dairy and produce also partially offset year-to-date sales growth. Dairy sales reflected lower egg pricing compared with the prior year, and produce sales were negatively affected by lower customer demand during the Cyclospora outbreak in the third quarter. Year-to-date comparable store sales increased 1.9%, while comparable store sales excluding fuel decreased 0.1%.

Year-to-date gross profit increased 7.8% to $983.26 million, and gross profit margin increased to 25.9% from 25.0% in 2025. Income from operations increased 28.6% to $93.31 million. Lower investment income and a higher effective income tax rate moderated the increase in net income.

The Company’s year-to-date net income totaled $72.92 million compared to $61.73 million in 2025, an 18.1% increase. Based on weighted-average shares outstanding, year-to-date earnings per share totaled $2.95 compared to $2.38 per share for the same period in 2025.

Quarterly Cash Dividend

On October 29, 2026, the Weis Markets, Inc. Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on November 23, 2026, to shareholders of record as of November 9, 2026.

About Weis Markets

Founded in 1912, Weis Markets, Inc. is a Mid-Atlantic food retailer currently operating 201 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.

Forward-looking statements notice

In addition to historical information, this news release may contain forward-looking statements, which are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; tariffs and trade policies; business conditions and trends in the retail industry; the regulatory environment; rapidly changing technology, including cybersecurity and data privacy risks, and competitive factors, including increased competition with regional and national retailers; price pressures; further expenditures related to restatement of our financial statements; and the results of any shareholder actions associated with the restatements referenced in Note 12 in the Company’s Annual Report on Form 10-K filed for the fiscal year ended December 27, 2025. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect Management’s analysis only as of the date hereof. The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the Company files periodically with the Securities and Exchange Commission. Management is also providing a two-year stacked comparable store sales analysis, a non-GAAP measure, because Management believes this metric is useful to investors and analysts. It is not recommended that the two-year stacked analysis be considered a substitute for the Company’s operating results as reported in accordance with GAAP.

WEIS MARKETS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Third Quarter - 2026

(Unaudited)

	13 Weeks Ended		39 Weeks Ended
(amounts in thousands, except shares and per share amounts)	September 26, 2026	September 27, 2025	September 26, 2026	September 27, 2025
Net sales	$1,274,817	$1,238,208	$3,797,393	$3,649,492
Other revenue	4,269	4,099	12,913	12,387
Total revenue	1,279,086	1,242,307	3,810,306	3,661,879
Cost of sales, including advertising, warehousing and distribution expenses	954,472	935,428	2,827,044	2,750,096
Gross profit on sales	324,614	306,879	983,262	911,783
Operating, general and administrative expenses	296,109	286,313	889,948	839,207
Income from operations	28,505	20,566	93,314	72,576
Investment income (loss) and interest expense	2,087	3,276	7,379	12,981
Other income (expense)	(460)	(1,565)	(2,528)	(3,370)
Income before provision for income taxes	30,132	22,277	98,165	82,187
Provision for income taxes	7,922	5,374	25,246	20,458
Net income	$22,210	$16,903	$72,919	$61,729
Weighted-average shares outstanding, basic and diluted	24,744,597	24,744,597	24,744,597	25,999,035
Cash dividends per share	$0.34	$0.34	$1.02	$1.02
Basic and diluted earnings per share	$0.90	$0.69	$2.95	$2.38

WEIS MARKETS, INC.

TWO-YEAR STACKED COMPARABLE STORE SALES

Third Quarter - 2026

(Unaudited)

	Percentage Change
	13 Weeks Ended
September 26, 2026	2026 vs. 2025	2025 vs. 2024
Comparable store sales (individual year)	1.3%	2.5%
Comparable store sales (two-year stacked)	3.8
Comparable store sales, excluding fuel (individual year)	(1.2)	2.5%
Comparable store sales, excluding fuel (two-year stacked)	1.3%
	Percentage Change
	39 Weeks Ended
September 26, 2026	2026 vs. 2025	2025 vs. 2024
Comparable store sales (individual year)	1.9%	1.7%
Comparable store sales (two-year stacked)	3.6
Comparable store sales, excluding fuel (individual year)	(0.1)	1.9%
Comparable store sales, excluding fuel (two-year stacked)	1.8%

Contacts
570-847-3636 dennis.curtin@weismarkets.com