Earnings release
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weis markets NEWS RELEASE Contact : Dennis Curtin Weis Markets , Inc. 570-847-3636 dcurtin@weismarkets.com Exhibit 99.1 FOR IMMEDIATE RELEASE WEIS MARKETS REPORTS SECOND QUARTER RESULTS Company's two - year stacked comparable store sales increase 18.3 percent Sunbury , PA ( August 2 , 2021 ) - Weis Markets , Inc. ( NYSE : WMK ) today reported its financial results for the thirteen - week period and 26 - week period ended June 26 , 2021 . Net sales totaled $ 1.0 billion for the thirteen - week period ended June 26 , 2021 , compared to $ 1.1 billion for the same period in 2020 , down 4.7 percent . Second quarter comparable store sales decreased 5.8 percent on an individual year over year basis and increased 18.3 percent on a two - year stacked basis . The Company's second quarter net income totaled $ 33.5 million compared to $ 41.5 million in 2020 , down 19.3 percent . Second quarter earnings per share totaled $ 1.24 compared to $ 1.54 per share for the same period in 2020 . " Our 2020 second quarter results reflected a time when consumption of food prepared away from home was strictly limited , which resulted in record sales volume throughout the entire quarter for our essential food retailing business , " said Jonathan H. Weis , Chairman , President and CEO . " During this period , our team rose to the challenge and helped us become a more efficient and nimble company . " " Today , we remain extremely proud of our associates who continue to serve our customers and effectively operate in an unprecedented business environment . Our 2021 second quarter results in absolute terms of sales volume and operating income were the second highest in our company's history , exceeded only by our 2020 second quarter results , " said Mr. Weis . “ This positive momentum enables us to make prudent reinvestments for long term profitable growth which benefits our associates , customers , communities and shareholders . " As part of its $ 135 million capital expenditure program announced in April , the Company opened replacement stores during the second quarter in three Pennsylvania locations : Gap , Macungie and Bethlehem .