About Weis Markets, Inc.

Weis (pronounced "Wise") Markets runs more than 200 grocery stores (averaging about 48,000 sq. ft.), mostly in Pennsylvania, but also in Maryland, New Jersey, New York, Delaware, Virginia, and West Virginia, as well as a single Save-A-Lot discount store in Pennsylvania. The company's retail food stores sell groceries, dairy products, frozen foods, meats, fresh produce, deli products, prepared foods, bakery products, beer and wine, fuel, and general merchandise items, such as health and beauty care and household products. Weis Markets was established in 1912 by Harry and Sigmund Weis in Sunbury, Pennsylvania.

Operations

The grocery chain operates its business through a single segment: grocery retail.

Weis stores are supported by Pennsylvania-based distribution centers, an ice cream plant, meat processing plant, milk processing facility, and warehouse complex.

Center Store sales generates about 55% of Weis Market's revenue; the rest comes from Fresh Food sales (30%), Pharmacy Services (10%), and Fuel (almost 5%).

Geographic Reach

The company operates more than 200 retail food stores in Pennsylvania and several surrounding states: Maryland, New Jersey, New York, Delaware, Virginia, and West Virginia.

Sales and Marketing

The regional grocery company advertises its products and brands through weekly newspaper circulars, radio and TV ads, e-mail, and online via its website, social media, and mobile applications.

Financial Performance

Weis has seen steady revenue growth over the past few years. In 2016 its revenues increased almost 9% to peak at more than $3 billion, a company milestone. The historic growth was fueled by the acquisition of 44 locations in addition to investments in lower pricing and sales building programs that guarantee lower prices.

Net income also surged 47% in 2016 to $87 million mainly due to about $24 million it gained on a bargain purchase involving 38 locations that were not included in income tax expenses. In addition, its operating cash flow increased from $137 million in 2015 to $152 million in 2016 largely due to an 11% decrease in working capital.

Strategy

Century-old Weis continues to remake itself by investing in new superstore construction, expanding and remodeling established stores, and acquiring new ones. The strategy includes developing improved customer service training and setting customer service measurements and goals and ramping up its information technology systems and distribution network.

To support growth from acquisitions made throughout 2016, Weis built a new distribution center in Milton, Pennsylvania in 2017. It expanded the center by 210,000 sq. ft. and plans to expand the distribution center again in 2018.

Mergers and Acquisitions

Over the years, Weis has increased its store count and revenues though the use of acquisitions. In 2016, the company acquired five Mars Super Market stores located in Maryland for $25 million.The acquisition expanded its presence in the Baltimore County region.

In 2016, Weis acquired 38 former Food Lion stores in Maryland, Virginia, and Delaware, for $29 million. The deal added Delaware and Virginia to Weis' geographic footprint.

Also in 2016, Weis picked up a Nell's Family Market store located in East Berlin, Pennsylvania, from C&S Wholesale Grocers, for $13 million. As a result of the acquisition, the company increased its market presence in Adams County, Pennsylvania.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

Weis Markets, Inc.

1000 S 2nd St
Sunbury, PA 17801-3399
Phone: 1 (570) 286-4571
Fax: 1 (570) 742-2519

Stats

  • Employer Type: Public
  • Stock Symbol: WMK
  • Stock Exchange: NYSE
  • Chairman, President, and CEO: Jonathan H. Weis
  • COO: Kurt A. Schertle
  • Chairman, President, and CEO: Jonathan H. Weis
  • 2016 Employees: 23,000

Major Office Locations

  • Sunbury, PA

Other Locations

  • Lewes, DE
  • Millsboro, DE
  • Millville, DE
  • Baltimore, MD
  • Bel Air, MD
  • Boonsboro, MD
  • Bowie, MD
  • California, MD
  • Callaway, MD
  • Columbia, MD
  • Cumberland, MD
  • Damascus, MD
  • Easton, MD
  • Edgewater, MD
  • Elkridge, MD
  • Frederick, MD
  • Frostburg, MD
  • Gaithersburg, MD
  • Hagerstown, MD
  • Hampstead, MD
  • Havre De Grace, MD
  • La Plata, MD
  • Laurel, MD
  • Lexington Park, MD
  • Mount Airy, MD
  • Odenton, MD
  • Owings Mills, MD
  • Parkville, MD
  • Pasadena, MD
  • Perry Hall, MD
  • Prince Frederick, MD
  • Reisterstown, MD
  • Solomons, MD
  • Sykesville, MD
  • Thurmont, MD
  • Upper Marlboro, MD
  • Westminster, MD
  • Windsor Mill, MD
  • Woodstock, MD
  • Flanders, NJ
  • Franklin, NJ
  • Hackettstown, NJ
  • Hillsborough, NJ
  • Newton, NJ
  • Binghamton, NY
  • Elmira, NY
  • Endwell, NY
  • Vestal, NY
  • Allentown, PA
  • Altoona, PA
  • Bellefonte, PA
  • Berwick, PA
  • Bethlehem, PA
  • Bloomsburg, PA
  • Brodheadsville, PA
  • Burnham, PA
  • Camp Hill, PA
  • Carbondale, PA
  • Carlisle, PA
  • Catawissa, PA
  • Chambersburg, PA
  • Coal Township, PA
  • Columbia, PA
  • Conshohocken, PA
  • Coopersburg, PA
  • Dallas, PA
  • Danville, PA
  • Dover, PA
  • Doylestown, PA
  • Duryea, PA
  • East Stroudsburg, PA
  • Easton, PA
  • Edwardsville, PA
  • Elizabethtown, PA
  • Emmaus, PA
  • Enola, PA
  • Ephrata, PA
  • Everett, PA
  • Fogelsville, PA
  • Gap, PA
  • Gettysburg, PA
  • Gilbertsville, PA
  • Hamburg, PA
  • Hamlin, PA
  • Hanover, PA
  • Harrisburg, PA
  • Hawley, PA
  • Honesdale, PA
  • Huntingdon, PA
  • Huntingdon Valley, PA
  • Jersey Shore, PA
  • Kutztown, PA
  • Lancaster, PA
  • Lansdale, PA
  • Lebanon, PA
  • Lewisburg, PA
  • Lititz, PA
  • Lock Haven, PA
  • Macungie, PA
  • Manheim, PA
  • Mechanicsburg, PA
  • Mifflinburg, PA
  • Mifflintown, PA
  • Mill Hall, PA
  • Millersburg, PA
  • Milton, PA
  • Montgomery, PA
  • Montoursville, PA
  • Mount Joy, PA
  • Mount Pocono, PA
  • Mount Union, PA
  • Mountain Top, PA
  • Muncy, PA
  • Nanticoke, PA
  • Newport, PA
  • Oley, PA
  • Palmyra, PA
  • Pen Argyl, PA
  • Pennsburg, PA
  • Philipsburg, PA
  • Plains, PA
  • Pottsville, PA
  • Reading, PA
  • Red Lion, PA
  • S Abingtn Twp, PA
  • Schnecksville, PA
  • Scranton, PA
  • Selinsgrove, PA
  • Shamokin, PA
  • Shippensburg, PA
  • State College, PA
  • Stroudsburg, PA
  • Tannersville, PA
  • Tunkhannock, PA
  • Wellsboro, PA
  • Whitehall, PA
  • Williamsport, PA
  • Willow Street, PA
  • York, PA
  • Culpeper, VA
  • Fredericksburg, VA
  • Spotsylvania, VA
  • Stafford, VA
  • Martinsburg, WV
  • Ranson, WV
- Show Less + Show More