-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V1cNCcOXBQL+B17oWjtmlFCKC0W3i0FxZwkLhaTIDOl+IXsyB4eJSSV9F8BCeICl Z+yIk0ZGb7Qtb42Qux96hw== 0000105418-10-000026.txt : 20100712 0000105418-10-000026.hdr.sgml : 20100712 20100712112643 ACCESSION NUMBER: 0000105418-10-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100712 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100712 DATE AS OF CHANGE: 20100712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEIS MARKETS INC CENTRAL INDEX KEY: 0000105418 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 240755415 STATE OF INCORPORATION: PA FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05039 FILM NUMBER: 10947514 BUSINESS ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 BUSINESS PHONE: 570-286-4571 MAIL ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 8-K 1 wmk8k07122010.htm WEIS MARKETS, INC. SECOND QUARTER FINANCIAL NEWS 8-K Weis Markets, Inc. Second Quarter Financial News 8K

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 12, 2010

WEIS MARKETS, INC.
(Exact Name of Registrant as Specified in Charter)

Pennsylvania
(State or Other Jurisdiction of Incorporation)

 

1-5039
(Commission File Number)
  24-0755415
(IRS Employer Identification No.)

1000 South Second Street
Sunbury, PA
(Address of Principal Executive Offices)
 

17801
(Zip Code)

Registrant's telephone number, including area code: (570) 286-4571         

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 2.02 Results of Operations and Financial Condition.

     On July 12, 2010, the Company released its earnings for the second quarter ended June 26, 2010. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.

Item 9.01 Financial Statements and Exhibits.

     (c) Exhibit.

            99.1 Weis Markets, Inc. July 12, 2010 press release announcing its second quarter 2010 earnings.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    WEIS MARKETS, INC.  
       
       
    By: /s/Scott F. Frost  
    Name: Scott F. Frost  
    Title: Vice President, Chief Financial Officer  
              and Treasurer  
              (Principal Financial Officer)  
                 
Dated: July 12, 2010         



EXHIBIT INDEX

   
Exhibit No. Description
99.1 Weis Markets, Inc. July 12, 2010 press release announcing its second quarter 2010 earnings.
   
EX-99 2 wmk8k07122010exhibit991.htm WEIS MARKETS, INC. SECOND QUARTER FINANCIAL NEWS 8-K Weis Markets, Inc. Second Quarter Financial News Release

 


Exhibit 99.1

  1000 S. 2nd Street
Sunbury, Pennsylvania 17801
Phone 570-847-3636

News Release

Contact: Dennis V. Curtin FOR IMMEDIATE RELEASE
Phone: (570) 847-3636 July 12, 2010
E-Mail: Dcurtin@weismarkets.com  


WEIS MARKETS REPORTS STRONG EARNINGS INCREASE

(Sunbury, PA) – Weis Markets, Inc. (NYSE: WMK) today reported a 34.9% increase in its second quarter earnings. For the 13-week period ending June 26, 2010, the Company's second quarter earnings totaled $20.5 million and its earnings per share increased $.20 to $.76 per share compared to the same period a year ago.

In the second quarter, the Company's sales increased 6.2% to $653.7 million while its comparable store sales remained unchanged compared to the same period a year ago.

"It is clear the economy continues to be a major concern for our customers, who continue to be extremely cautious in their spending," said David J. Hepfinger, Weis Markets' President and CEO. "In this environment, we have maintained our sales base and produced our seventh consecutive quarter of earnings increases. We attribute our results to improved efficiencies and productivity at store and distribution levels. We have also benefited from improvements in the procurement arena and our perishable departments, notably meat and produce, continue to perform well."

Year to Date
For the 26-week period ending June 26, 2010, the Company's earnings increased 19.4% to $37.9 million and earnings per share increased $.23 to $1.41 per share compared to the same period a year ago.

Year-to-date sales increased 7.9% to $1.3 billion.

About Weis Markets
Founded in 1912, Weis Markets marked its 98th year of operation in May. It currently operates 164 stores in its home state of Pennsylvania and in Maryland, New York, New Jersey and West Virginia. For more information about Weis Markets, Inc., please visit www.weismarkets.com.

# # #

In addition to historical information, this news release may contain forward-looking statements. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; business conditions in the retail industry; the regulatory environment; rapidly changing technology and competitive factors, including increased competition with regional and national retailers; and price pressures.

The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof other than through its periodic filings with the Securities and Exchange Commission that are available to the public.

 




WEIS MARKETS, INC.

COMPARATIVE SUMMARY OF UNAUDITED SALES & EARNINGS

Second Quarter - 2010


    13 Week   13 Week      
    Period Ended   Period Ended   Increase  
    June 26, 2010   June 27, 2009   (Decrease)  
Net Sales $           653,677,000 $           615,378,000           6.2 %
Income Before Taxes   32,769,000   23,282,000   40.7 %
Provision for Income Taxes                12,260,000                  8,077,000         51.8 %
Net Income $              20,509,000 $              15,205,000         34.9 %
Weighted Average              
     Shares Outstanding   26,899,000   26,926,000   (27,000 )
Basic and Diluted              
     Earnings Per Share $ 0.76 $ 0.56 $ 0.20  
               


    26 Week   26 Week      
    Period Ended   Period Ended   Increase  
    June 26, 2010   June 27, 2009   (Decrease)  
Net Sales $        1,317,932,000 $          1,221,618,000           7.9 %
Income Before Taxes   60,040,000   48,828,000   23.0 %
Provision for Income Taxes                22,149,000                  17,105,000         29.5 %
Net Income $              37,891,000 $                31,723,000         19.4 %
Weighted Average              
     Shares Outstanding   26,899,000   26,942,000   (43,000 )
Basic and Diluted              
     Earnings Per Share $ 1.41 $ 1.18 $ 0.23  
               
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