NYSE$WMK
Weis Markets Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Weis Markets' first quarter comparable store sales increased and net sales and income results were reported in line with expectations.
Weis Markets reported a 3.7% increase in net sales, totaling $1.14 billion for the first quarter of 2023. However, net income decreased by 17.8% to $25.81 million, with earnings per share at $0.96, compared to $1.17 in the previous year. The company's comparable store sales increased by 3.1%.
- Net sales increased by 3.7% to $1.14 billion compared to the previous year.
- Comparable store sales increased by 3.1% year-over-year.
- Net income decreased by 17.8% to $25.81 million.
- Earnings per share decreased to $0.96 from $1.17 in the prior year.
Headline financials
Revenue & EPS history
Weis Markets · Revenue · Quarterly
$1.14B
Forward guidance
This news release contains forward-looking statements, which are subject to risks and uncertainties including competitive, financial, data privacy, supply chain, pandemic, and legal risks. The company undertakes no obligation to revise or update these statements.
Headwinds
- Competitive risks
- Financial, investment and infrastructure risks
- Information security, cybersecurity and data privacy risks
- Supply chain and third-party risks
- Risks created by pandemics
- Legal, regulatory and other external risks
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.2%
Avg return
30 days after
54%
34 / 63 earnings
Positive
+12.0%
Q3 2024
Best reaction
-15.9%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -4.1% | +9.1% | |
| Q4 2025 | +1.1% | +0.7% | +7.9% | |
| Q3 2025 | +3.1% | -0.3% | +3.7% | |
| Q1 2025 | +0.1% | -3.6% | -2.0% | |
| Q4 2024 | -1.5% | -2.2% | +3.9% | |
| Q3 2024 | +12.0% | +15.3% | +9.8% | |
| Q2 2024 | -0.5% | -3.1% | -2.8% | |
| Q1 2024 | +4.3% | +4.0% | -0.5% | |
| Q4 2023 | +1.5% | +6.2% | +6.4% | |
| Q3 2023 | -4.8% | -8.2% | -8.5% | |
| Q2 2023 | +7.2% | +8.4% | -3.5% | |
| Q1 2023 | -5.4% | -11.6% | -15.0% | |
| Q4 2022 | -6.2% | -1.7% | +2.8% | |
| Q3 2022 | -10.5% | -8.3% | -7.7% | |
| Q2 2022 | +2.1% | +5.6% | +1.0% | |
| Q1 2022 | -0.8% | +2.8% | -7.0% | |
| Q4 2021 | +6.3% | +7.0% | +8.0% | |
| Q3 2021 | +1.3% | +11.8% | +10.0% | |
| Q2 2021 | +2.9% | +2.7% | +7.8% | |
| Q1 2021 | +1.2% | +3.5% | -2.6% | |
| Q4 2020 | +0.5% | +1.8% | -6.2% | |
| Q3 2020 | +3.4% | +1.8% | +3.0% | |
| Q2 2020 | +2.7% | -1.7% | -0.3% | |
| Q1 2020 | +6.9% | +10.8% | +7.8% | |
| Q4 2019 | +0.0% | -3.1% | +14.2% | |
| Q3 2019 | +4.0% | +1.3% | +1.3% | |
| Q2 2019 | +3.5% | +6.2% | +5.3% | |
| Q1 2019 | -0.2% | -7.8% | -10.1% | |
| Q4 2018 | -5.4% | -8.0% | -6.0% | |
| Q3 2018 | -1.3% | +2.8% | +1.4% | |
| Q2 2018 | -6.0% | -2.8% | -8.6% | |
| Q1 2018 | +0.5% | +3.0% | +18.4% | |
| Q4 2017 | -1.8% | -0.2% | +12.0% | |
| Q3 2017 | -15.9% | -13.5% | +3.4% | |
| Q2 2017 | +0.5% | -0.8% | -6.8% | |
| Q1 2017 | -2.4% | -6.6% | -7.9% | |
| Q4 2016 | +1.3% | +0.6% | +4.4% | |
| Q3 2016 | -0.1% | -1.5% | -0.4% | |
| Q2 2016 | +0.2% | -2.3% | +0.5% | |
| Q1 2016 | +1.3% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | +3.2% | — | — | |
| Q1 2015 | -1.4% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +2.2% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | -3.7% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | -0.6% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -2.8% | — | — | |
| Q2 2011 | -1.6% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q1 2010 | -2.8% | — | — |
Discussion
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