Weis Markets Reports Strong Q1 Earnings, Net Income Jumps 42.5%
WMK sits 16% above its 52-week low of $59.99.
Summary
Weis Markets reported a significant increase in first-quarter net income and earnings per share, demonstrating a strong financial rebound following previous restatement issues.
Key Events · Earnings and Guidance · WMK
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Strong Q1 2026 Financial Performance
Total revenue increased 4.6% to $1.26 billion, with comparable store sales (excluding fuel) up 1.2%.
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Net Income and EPS Surge
Net income rose 42.5% to $27.85 million, and earnings per share increased to $1.13 from $0.73 in the prior year.
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Dividend Maintained
The Board of Directors declared a quarterly cash dividend of $0.34 per share, consistent with the previous period.
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Addresses Prior Financial Concerns
These positive results follow the company's recent restatement of past financials and disclosure of a material weakness in internal controls, indicating a potential recovery.
Analysis · WMK · Trade & Services
This 8-K announces the company's first-quarter 2026 financial results, which show a substantial improvement in profitability. Net income surged by 42.5% and earnings per share increased significantly compared to the prior year. This positive performance is particularly notable given the company's recent disclosure of a financial restatement, material weakness in internal controls, and declining earnings in its last 10-K. The strong Q1 results suggest a potential turnaround and could alleviate investor concerns regarding the company's financial health and operational integrity.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.4% of the 1070 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WMK was trading at $69.55 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $59.99 to $90.23. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.