Weis Markets caps off strong fiscal 2022 first half
Second-quarter net and comparable sales rise more than 8%
Russell Redman, Supermarket News
Aug 02, 2022
Weis Markets continued to drive sales growth in the fiscal 2022 second quarter after cycling pandemic-related results a year ago.
For the quarter ended June 25, net sales climbed 8.4% to $1.14 billion from $1.05 billion a year earlier, Sunbury, Pa.-based Weis Markets reported after yesterday’s market close. The gain marked a rebound from a 4.7% decrease in the prior-year period, when the grocer faced a difficult comparison against booming growth driven by COVID-19.
Comparable-store sales in the 2022 second quarter also rose 8.4% year over year, versus a 5.8% decline in the 2021 quarter, and were up 2.6% on a two-year stack following a 24.1% jump for the same period in 2020, Weis noted. Excluding fuel, Q2 2022 same-store sales gained 6% from a year ago but were down 1.7% over two years.
“We generated strong results in the second quarter, despite ongoing inflationary pressures throughout our business operations, due to the hard work and commitment of our associates,” Chairman, President and CEO Jonathan Weis said in a statement...
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