Weis Markets Q4 revenue rises but net income falls

Overview

• U.S. food retailer's Q4 revenue rose 5% yr/yr; comparable store sales up 2.5%

• Q4 net income fell 5.1% yr/yr; EPS nearly flat at $1.24

• Sales growth driven by price investments, new stores, and higher e-commerce and pharmacy volume

Outlook

• Company did not provide specific guidance for the current quarter or fiscal year

Result Drivers

• PRICE INVESTMENTS - Co said sales growth was supported by significant price investments

• E-COMMERCE AND PHARMACY - 21% increase in e-commerce sales and higher pharmacy volume after a competitor's exit boosted results

Company press release: ID:nPn4DNYb9a

Key Details

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