WMK

EX-99.1

2 wmk-ex99d1.htm

EX-99.1

Exhibit 99.1

​

​

NEWS RELEASE

​

FOR IMMEDIATE RELEASE

Contact:

Dennis Curtin

Weis Markets, Inc.

570-847-3636

dennis.curtin@weismarkets.com

​

​

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 p

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1786388387.cf845207

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784378305.d5926a6a

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.