Weis Markets Posts 8% Revenue Growth In Q4

Weis Markets Inc WMK reported fourth-quarter FY21 sales growth of 7.9% year-on-year, to $1.11 billion versus $1.03 billion last year.
Comparable store sales increased 6.9% on an individual year-over-year basis and rose 21% on a two-year stacked basis.
The operating margin was 2.7%, and operating income for the quarter rose 12.7% to $30.4 million.
EPS of $0.84 increased 15.1% Y/Y from $0.73 last year.
The company posted fiscal 2021 sales of $4.2 billion versus $4.1 billion in 2020.
EPS for the year ending December 25, 2021, was $4.05 versus $4.42 last year.
"As a retailer that benefitted from our customers' increased food-at-home consumption because of the COVID-19 pandemic, we note that the last two fiscal years of net sales and income from operations were the first or second highest in our company's 110-year history," said Chairman and CEO Jonathan H. Weis.
Price Action: WMK shares closed higher by 3.67% at $72.68 on Monday.

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