Coronavirus Update: Our team is here to help our clients and readers navigate these difficult times. Visit our Resources page now »

Skip to Main Content

About Weis Markets, Inc.

Weis (pronounced "Wise") Markets owns about 200 grocery stores, mostly in Pennsylvania, but also in about half a dozen other northern and northeastern US states. The stores range from 8,000 to 71,000 sq. ft. (with an average size of about 49,000 sq. ft.) and offer a host of traditional grocery items -- dairy products, frozen foods, general merchandise, seafood, deli products -- as well as pharmacy and fuel services. Weis Markets was established in 1912 by Harry and Sigmund Weis in Sunbury, Pennsylvania. The Weis family still controls about 65% of the company's voting power.

Operations

Center Store products, which include groceries, dairy products, frozen foods, beer and wine, and health/beauty and household items, generate more than 55% of Weis Market's revenue; the rest comes from Fresh Foods (some 30%), Pharmacy Services (nearly 10%), and Fuel (about 5%).

The company relies on its own distribution operations for about 65% of merchandise with the rest coming directly from vendors.

Overall, the company generates over 85% of its revenue from groceries.

Geographic Reach

Based in Subury, Pennsylvania, Weis Markets' around 200 stores are located primarily in Pennsylvania (nearly 60%) and Maryland (around 25%), with others in Virginia, New York, New Jersey, Delaware, and West Virginia.

The company has a distribution centers in Milton and Northumberland, Pennsylvania, and a warehouse/plant complex in Sunbury, Pennsylvania.

Sales and Marketing

Weis Markets 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.

It reported advertising costs of $30.3 million in 2019, $30.5 million in 2018 and $31.0 million in 2017.

Financial Performance

Fueled by acquisitions, Weis has seen steady revenue growth over the past few years with sales up 23% since 2015. Net income has also been on an upward trend but dropped in 2018.

In 2019 the company reported revenue of $3.5 billion, up 1% from the prior year. Its pharmacy products contributed the most to its growth.

Net income rose 8% to $68.0 million compared to $62.7 million of the previous year. The increase was due to higher revenue.

Cash at the end of 2019 was $66.9 million, an increase of $29.1 million from the prior year. Cash from operations contributed $171.4 million to the coffers, while investing activities used $109.3 million, mainly for capital expenditures. Financing activities used another $33.4 million for dividends to stockholders and payments on long-term debt.

Strategy

Weis Markets' strategic imperatives include: Establishing a Sales Driven Culture; Building and Supporting Human Capital; Becoming More Relevant to Consumers; Creating Meaningful Differentiation; Developing and Aligning Organizational Capabilities; and Focusing on Sustainability Strategies.

In 2019 Weis announced $109 million in capital spending for a new store in Bedminster, PA, as well as 14 store remodels, six fuel centers, and supply chain and information technology investments.

Company Background

Weis Markets was founded in Pennsylvania by Harry and Sigmund Weis in 1912 and incorporated in 1924. It went public in 1965, but remains majority owned by the Weis family.

Weis Markets, Inc.

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

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: WMK
Stock Exchange: , NYSE
SVP, CFO, and Treasurer: Scott F. Frost
COO: Kurt A. Schertle
Chairman, President, and CEO: Jonathan H. Weis
Employees (This Location): 273
Employees (All Locations): 23,000

Major Office Locations

Sunbury, PA

Other Locations

Lewes, DE
Millsboro, DE
Millville, DE
Rehoboth Beach, DE
Accokeek, MD
Baltimore, MD
Bel Air, MD
Boonsboro, MD
Bowie, MD
Brunswick, MD
California, MD
Callaway, MD
Columbia, MD
Cumberland, MD
Damascus, MD
Easton, MD
Edgewater, MD
Elkridge, MD
Essex, MD
Frederick, MD
Frostburg, MD
Gaithersburg, MD
Hagerstown, MD
Hampstead, MD
Havre De Grace, MD
La Plata, MD
Laurel, MD
Lexington Park, MD
Lusby, MD
Mount Airy, MD
Nottingham, MD
Odenton, MD
Owings Mills, MD
Parkville, MD
Pasadena, MD
Perry Hall, MD
Prince Frederick, MD
Reisterstown, MD
Solomons, MD
Sykesville, MD
Thurmont, MD
Towson, 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
Endicott, 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 Berlin, PA
Easton, PA
East Stroudsburg, PA
Edwardsville, PA
Elizabethtown, PA
Emmaus, PA
Enola, PA
Ephrata, PA
Everett, PA
Fogelsville, PA
Fredericksburg, 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
Millersburg, PA
Mill Hall, PA
Milton, PA
Montgomery, PA
Montoursville, PA
Mountain Top, PA
Mount Joy, PA
Mount Pocono, PA
Mount Union, PA
Muncy, PA
Nanticoke, PA
Newport, PA
Norristown, PA
Nottingham, 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
Selinsgrove, PA
Shamokin, PA
Shippensburg, PA
State College, PA
Stroudsburg, PA
Sunbury, PA
Tannersville, PA
Tunkhannock, PA
Wellsboro, PA
West Hazleton, PA
Whitehall, PA
Williamsport, PA
Willow Street, PA
York, PA
Culpeper, VA
Fredericksburg, VA
Spotsylvania, VA
Stafford, VA
Martinsburg, WV
Ranson, WV