Weis Markets, Inc. (N:WMK)
Business Focus: Food Retail & Distribution
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1000 S Second St PO Box 471 SUNBURY PA 17801 |
| Tel: | N/A |
| Website: | https://www.weismarkets.com |
| IR: | See website |
| Key People | ||
| Jonathan H. Weis Chairman of the Board, President, Chief Executive Officer | Michael T. Lockard Chief Financial Officer, Senior Vice President, Treasurer | Kurt A. Schertle Chief Operating Officer |
| Richard G. Zeh Senior Vice President, Chief Information Officer | Robert G. Gleeson Senior Vice President of Merchandising and Marketing | James E. Marcil Senior Vice President - Human Resources |
| John F. O'Hara Senior Vice President - Legal Affairs and Real Estate, Assistant Secretary | David W. Gose Senior Vice President - Operations | Jeanette R. Rogers Vice President, Corporate Controller, Assistant Treasurer |
| Business Overview |
| Weis Markets, Inc. is principally engaged in the retail sale of food in Pennsylvania and surrounding states. The Company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, 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, including natural, gluten-free and organic varieties. It advertises its products and promotes its brand through digital and printed circulars; television ads; radio ads; e-mail blasts, and on-line via its Website, social media and mobile applications. The Loyalty program includes reward points that may be redeemed for discounts on items in store, at the Company's fuel stations or at one of its third-party fuel station partners. It owns and operates 197 retail food stores, many of which have online order customer service. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, Weis Markets, Inc. revenues remained flat at $4.7B. Net income decreased 17% to $103.8M. Revenues reflect Pharmacy segment increase of 19% to $527M, Retail Sales, Total remaining flat at $4.7B, also reflect Grocery segment decrease of 1% to $3.92B. Net income was partially offset by Merchandise Margins, Total -% decrease of 2% to 24.7%, Other income (expense) decrease from $3.8M (income) to $3.7M (expense). |
| Employees: | 23,000 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,298M as of Dec 30, 2023 |
| Annual revenue (TTM): | $4,697M as of Dec 30, 2023 |
| EBITDA (TTM): | $245.62M as of Dec 30, 2023 |
| Net annual income (TTM): | $103.83M as of Dec 30, 2023 |
| Free cash flow (TTM): | $59.94M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 26,898,443 as of Mar 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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