olivlawolivlaw

olivLaw · US equity research

Weis Markets, Inc. WMK

Retail-Grocery Stores · SIC 5411 · Vertical: Retail-Grocery Stores (SIC 5411)

74.41USD−0.57% · 1 dayClose 30 Oct 2026

Weis Markets is a conventional supermarket chain in Pennsylvania and six surrounding states, with 202 stores and a focus on value, fresh food and pharmacy services. Revenue has grown in 2026 while customers remain focused on affordability, and the restatement of prior financial statements has drawn attention to internal control weaknesses. Net sales reached 4939.373 million USD in fiscal 2025, and second-quarter 2026 net sales were 1270.858 million USD.

At the close of 30 Oct 2026, Weis Markets, Inc. (WMK) stock was 74.41 USD (−0.57% on the day), with market capitalisation 1.8 bn USD, P/E 18.5 on diluted EPS of 4.03 USD over the last 12 months, dividend yield 1.83%, beta 0.18, 52-week range 61.60–82.63 USD. Latest reported quarter (Q2 2026): revenue of 1.3 bn USD (+4.6% YoY), net income of 22.9 m USD (−9.6% YoY), diluted EPS 0.92 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
1.8 bn USD
shares as of 06 Aug 2026
P/E (TTM)
18.5
Diluted EPS TTM 4.03 · TTM to 27 Jun 2026
E/P (TTM)
5.42%
TTM to 27 Jun 2026
Dividend yield
1.83%
DPS 12m 1.36
Beta (2y)
0.18
Volatility (1y) 26%
52-week range
61.6082.63

Price history

Loading chart…

Technical reading

RSI (14)
48.7
neutral
Bollinger (20, 2)
71.04 – 78.96
in the lower half of the band · %B 0.43 · band width 10.6%
SMA 50 / 200
73.10 / 72.62
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
0.71 / 0.92
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+2.0%−0.9%+2.9 pp—
3 months−3.4%+1.2%−4.6 pp—
6 months+4.9%+4.8%+0.0 pp—
Year to date+16.1%+10.7%+5.4 pp—
1 year+16.1%+11.1%+5.0 pp−7.8%
3 years+14.3%+80.7%−66.4 pp+11.6%
5 years+32.1%+64.6%−32.4 pp—
Max drawdown (1y)
−17.3%
13 Feb 2026 → 10 Mar 2026
Max drawdown (5y)
−37.1%
28 Oct 2022 → 05 Feb 2024
Compound annual growth (5y)
+5.7%
S&P 500 +10.5%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 27 Jun 2026

Revenue
1.3 bn USD
+4.6% YoY
Net income
22.9 m USD
−9.6% YoY
Diluted EPS
0.92
−4.2% YoY
net / operating
1.8% / 2.3%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue1.2 bn1.2 bn1.2 bn1.2 bn1.2 bn1.3 bn1.3 bn1.3 bn
Gross profit293.2 m313.7 m298.2 m306.7 m306.9 m328.1 m330.2 m328.4 m
Operating income27.8 m41.0 m21.8 m30.2 m20.6 m41.1 m35.7 m29.1 m
Depreciation & amortisation28.6 m ≈30.0 m29.6 m30.6 m ≈31.7 m ≈32.8 m31.5 m32.1 m ≈
Interest expense8.0 k8.0 k10.0 k10.0 k12.0 k12.0 k13.0 k14.0 k
Pre-tax income34.0 m45.5 m26.5 m33.4 m22.3 m41.8 m37.4 m30.7 m
Income tax9.5 m11.8 m7.0 m8.1 m5.4 m9.8 m9.5 m7.8 m
Net income24.5 m33.7 m19.5 m25.3 m16.9 m32.0 m27.9 m22.9 m
Diluted EPS0.911.25 ≈0.730.960.691.29 ≈1.130.92
Operating cash flow25.8 m ≈87.1 m4.9 m56.6 m ≈59.2 m ≈86.6 m30.2 m65.1 m ≈
Capex42.3 m ≈53.4 m33.2 m55.2 m ≈63.9 m ≈50.2 m39.3 m48.6 m ≈
Dividends paid9.1 m ≈9.1 m9.1 m9.1 m ≈8.4 m ≈8.4 m8.4 m8.4 m ≈
Share repurchases————0 ≈0——

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 68 percentile of its own 22-quarter history (min 13.0, median 17.2, max 20.6; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue3.5 bn3.5 bn4.1 bn4.2 bn4.7 bn4.7 bn4.8 bn5.0 bn
Revenue YoY+1.2%+1.0%+16.1%+2.7%+11.6%+0.0%+1.6%+3.5%
Net income62.7 m68.0 m118.9 m108.8 m125.2 m100.9 m106.0 m93.7 m
Net income YoY−36.3%+8.4%+74.9%−8.5%+15.0%−19.4%+5.1%−11.6%
Diluted EPSunavailable2.534.424.054.653.753.943.65
Diluted EPS YoYunavailableunavailable+74.7%−8.4%+14.8%−19.4%+5.1%−7.4%
net %1.8%1.9%2.9%2.6%2.7%2.1%2.2%1.9%
Free cash flow54.6 m70.2 m147.0 m75.9 m95.9 m97.6 m26.1 m4.8 m

Reported results vs expectations

Loading…

Balance sheet & financial health

Fiscal year 2025 · 27 Dec 2025

Cash
117.1 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
1.4 bn USD
Total assets
2.0 bn USD
Debt / equity
unavailable
Current ratio
1.93x
ROE
6.7%
ROA
4.6%
FCF margin
0.1%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
4.7 bn
2024
4.8 bn
2025
5.0 bn

SEC (XBRL)· 12 Mar 2026verified

Gross profit
2023
1.2 bn
2024
1.2 bn
2025
1.2 bn

SEC (XBRL)· 12 Mar 2026verified

Operating income
2023
133.1 m
2024
126.4 m
2025
113.7 m

SEC (XBRL)· 12 Mar 2026verified

Depreciation & amortisation
2023
108.4 m
2024
113.9 m
2025
124.8 m

SEC (XBRL)· 12 Mar 2026verified

EBITDA
2023
241.6 m ≈
2024
240.3 m ≈
2025
238.4 m ≈

SEC (XBRL)· 12 Mar 2026derived

Interest expense
2023
41.0 k
2024
45.0 k
2025
43.0 k

SEC (XBRL)· 12 Mar 2026verified

Pre-tax income
2023
142.7 m
2024
144.9 m
2025
123.9 m

SEC (XBRL)· 12 Mar 2026verified

Income tax
2023
41.8 m
2024
38.9 m
2025
30.3 m

SEC (XBRL)· 12 Mar 2026verified

Net income
2023
100.9 m
2024
106.0 m
2025
93.7 m

SEC (XBRL)· 12 Mar 2026verified

Diluted EPS
2023
3.75
2024
3.94
2025
3.65

SEC (XBRL)· 12 Mar 2026verified

Weighted average diluted shares
2023
26.9 m
2024
26.9 m
2025
25.7 m

SEC (XBRL)· 12 Mar 2026verified

Dividend per share
2023
1.36
2024
1.36
2025
1.36

SEC (XBRL)· 12 Mar 2026verified

Balance sheet · USD

Cash
2023
184.2 m
2024
190.3 m
2025
117.1 m

SEC (XBRL)· 12 Mar 2026verified

Receivables
2023
65.1 m
2024
81.6 m
2025
95.4 m

SEC (XBRL)· 12 Mar 2026verified

Inventories
2023
284.6 m
2024
292.0 m
2025
287.5 m

SEC (XBRL)· 12 Mar 2026verified

Current assets
2023
820.7 m
2024
828.0 m
2025
681.2 m

SEC (XBRL)· 12 Mar 2026verified

Property, plant & equipment, net
2023
961.4 m
2024
1.0 bn
2025
1.1 bn

SEC (XBRL)· 12 Mar 2026verified

Goodwill
2023
52.3 m
2024
61.3 m
2025
65.7 m

SEC (XBRL)· 12 Mar 2026verified

Intangibles (excl. goodwill)
2023
17.9 m
2024
21.5 m
2025
21.5 m

SEC (XBRL)· 12 Mar 2026verified

Total assets
2023
2.0 bn
2024
2.1 bn
2025
2.0 bn

SEC (XBRL)· 12 Mar 2026verified

Accounts payable
2023
226.2 m
2024
234.3 m
2025
237.4 m

SEC (XBRL)· 12 Mar 2026verified

Current liabilities
2023
340.8 m
2024
343.3 m
2025
352.7 m

SEC (XBRL)· 12 Mar 2026verified

Total liabilities
2023
662.2 m
2024
656.9 m
2025
675.4 m

SEC (XBRL)· 12 Mar 2026verified

Equity
2023
1.4 bn †
2024
1.4 bn †
2025
1.4 bn †

SEC (XBRL)· 12 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
201.6 m
2024
187.5 m
2025
207.2 m

SEC (XBRL)· 12 Mar 2026verified

Capex
2023
104.0 m
2024
161.3 m
2025
202.4 m

SEC (XBRL)· 12 Mar 2026verified

Free cash flow
2023
97.6 m ≈
2024
26.1 m ≈
2025
4.8 m ≈

SEC (XBRL)· 12 Mar 2026derived

Investing cash flow
2023
-138.8 m
2024
-144.8 m
2025
-105.3 m

SEC (XBRL)· 12 Mar 2026verified

Financing cash flow
2023
-36.6 m
2024
-36.6 m
2025
-175.1 m

SEC (XBRL)· 12 Mar 2026verified

Dividends paid
2023
36.6 m
2024
36.6 m
2025
35.1 m

SEC (XBRL)· 12 Mar 2026verified

Share repurchases
2023
—
2024
—
2025
140.0 m

SEC (XBRL)· 12 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
3.5%
computed by olivLawFY 2025
Revenue CAGR 3Y
1.7%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
3.8%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
-10.1%
computed by olivLawFY 2025
Net income growth (YoY)
-11.6%
computed by olivLawFY 2025
Net income CAGR 3Y
-9.2%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
-4.7%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
-7.4%
computed by olivLawFY 2025
EPS CAGR 3Y
-7.8%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
-3.8%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
-81.5%
computed by olivLawFY 2025

Profitability

Gross margin
25.5%
computed by olivLawTTM to 27 Jun 2026
EBITDA margin
5.0%
computed by olivLawTTM to 27 Jun 2026
EBIT margin
2.5%
computed by olivLawTTM to 27 Jun 2026
Net margin
2.0%
computed by olivLawTTM to 27 Jun 2026
FCF margin
0.8%
computed by olivLawTTM to 27 Jun 2026

Returns

ROE
7.4%
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
ROA
5.0%
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
ROIC
unavailable
input data missing
ROCE
7.4%
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
Payout ratio (EPS)
33.7%
computed by olivLawTTM to 27 Jun 2026
Payout ratio (FCF)
86.1%
computed by olivLawTTM to 27 Jun 2026

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
2,479.5x
computed by olivLawTTM to 27 Jun 2026

Liquidity

Current ratio
2.0x
computed by olivLawbalance sheet at 27 Jun 2026
Quick ratio
1.1x
computed by olivLawbalance sheet at 27 Jun 2026
Cash ratio
0.3x
computed by olivLawbalance sheet at 27 Jun 2026

Cash

Operating cash flow
241.1 m USD
computed by olivLawTTM to 27 Jun 2026
Capital expenditure
202.0 m USD
computed by olivLawTTM to 27 Jun 2026
Free cash flow
39.1 m USD
computed by olivLawTTM to 27 Jun 2026
FCF conversion
39.3%
computed by olivLawTTM to 27 Jun 2026
Cash conversion
94.7%
computed by olivLawTTM to 27 Jun 2026

Efficiency

Days sales outstanding
6 days
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
1.8 bn USD
computed by olivLawbalance sheet at 27 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
18.5x
computed by olivLawTTM to 27 Jun 2026
P/E (TTM)
18.5x
computed by olivLawTTM to 27 Jun 2026
Earnings yield
5.4%
computed by olivLawTTM to 27 Jun 2026
P/B
1.3x
computed by olivLawbalance sheet at 27 Jun 2026
P/S
0.4x
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
47.1x
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
FCF yield
2.1%
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
Dividend yield
1.8%
computed by olivLawTTM to 27 Jun 2026
Shareholder yield (distributions)
9.4%
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 47 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

74.41 USD

30 Oct 2026Source: olivLaw, closing series

Market cap: 1.8 bn USD

Key indicators

Market capitalisation
1.8 bn USD
computed by olivLawbalance sheet at 27 Jun 2026
P/E (TTM)
18.5x
computed by olivLawTTM to 27 Jun 2026
P/B
1.3x
computed by olivLawbalance sheet at 27 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
7.4%
computed by olivLawTTM to 27 Jun 2026 · balance sheet at 27 Jun 2026
Net margin
2.0%
computed by olivLawTTM to 27 Jun 2026
Revenue growth (YoY)
3.5%
computed by olivLawFY 2025
Dividend yield
1.8%
computed by olivLawTTM to 27 Jun 2026

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 27 Jun 2026
Latest balance sheet date: 27 Jun 2026
Share count (cover of the latest filing), as of: 06 Aug 2026
Source: SEC (XBRL)published 06 Aug 2026
verified 2160derived 160

Score by group

  • Returns79
  • Quality40
  • Growth7
  • Valuation41
  • Balance sheet100

Estimated value range

Low
25.08
USD per share
Mid
33.92
USD per share
High
51.44
USD per share
Price: 74.41 USD
The price is above the range
Potential to the central value: -54.4% (value / price − 1)
Margin of safety: -119.4% (1 − price / value)
Agreement between methods: low · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 17.87 – 78.84 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/E32.30 – 78.84 (Mid 47.34)
    4 companies used · median multiple 11.7x · quartiles 8.0x – 19.6x
    KR, NGVC, SFM, VLGEA
  • Dividend discount (DDM)17.87 – 24.03 (Mid 20.50)
Multiple comparisons use the SIC vertical: Retail-Grocery Stores (SIC 5411)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Neutral profile · Score 47/100

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality2.0%67 (vs peers)9%
FCF conversion · Quality39.3%13 (on a fixed band)9%
Revenue CAGR 3Y · Growth1.7%14 (on a fixed band)12%
EPS CAGR 3Y · Growth-7.8%0 (on a fixed band)12%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet2,479.5x100 (on a fixed band)9%
Current ratio · Balance sheet2.0x100 (on a fixed band)6%
P/E (TTM) · Valuation18.5x52 (on a fixed band)15%
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation2.1%27 (on a fixed band)12%
Shareholder yield (distributions) · Returns9.4%100 (on a fixed band)9%
Payout ratio (FCF) · Returns86.1%48 (on a fixed band)6%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet100/100 · 2/3 factors with a value
  • Growth7/100 · 2/2 factors with a value
  • Quality40/100 · 2/3 factors with a value
  • Returns79/100 · 2/2 factors with a value
  • Valuation41/100 · 2/3 factors with a value

Memo

WEIS MARKETS, INC (WMK). Latest full fiscal year: 2025; data up to 2026-06-27.

Figures computed from the financial statements: revenue 5.0 bn USD in 2025; YoY growth 3.5%; net margin 2.0%; ROE 7.4%.

The estimated value range is 25.08–51.44 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 33.92 USD, the price of 74.41 USD leaves a potential of -54.4% (value / price − 1) and a margin of safety of -119.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 47/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Interest coverage: 2,479.5x
  • Current ratio: 2.0x
  • Shareholder yield (distributions): 9.4%

What contradicts it

  • FCF conversion: 39.3%
  • Revenue CAGR 3Y: 1.7%
  • EPS CAGR 3Y: -7.8%
  • FCF yield: 2.1%
  • The price is above the estimated value range
  • The valuation methods diverge

Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA.

Versus the vertical median

Retail-Grocery Stores (SIC 5411) · same industry (4-digit SIC) · compared with 10 companies

Multiples and returns vs the median

P/E
18.5x
vertical median 11.7x
above median (+57.2%)
EV/EBITDA
—
vertical median 4.8x
P/S
0.4x
vertical median 0.3x
above median (+34.5%)
P/B
1.3x
vertical median 2.9x
below median (−53.9%)
ROE
7.4%
vertical median 6.3%
above median (+16.1%)
Net margin
2.0%
vertical median 0.7%
above median (+170.6%)
EBIT margin
2.5%
vertical median 1.4%
above median (+78.8%)
Revenue YoY
3.5%
vertical median 4.8%
below median (−27.4%)
Net debt/EBITDA
—
vertical median 0.2x
Dividend yield
1.8%
vertical median 2.1%
below median (−10.9%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
KRKroger Co39.4 bn36.414.3%0.7%+0.4%+5% / +47%
ACIAlbertsons Companies, Inc.6.2 bn—-2.3%-0.1%+3.5%−26% / −40%
SFMSprouts Farmers Market, Inc.4.6 bn9.533.5%5.4%+14.1%−37% / +18%
WMKWeis Markets, Inc1.8 bn18.57.4%2.0%+3.5%+16% / +14%
GOGrocery Outlet Holding Corp.1.3 bn—-38.1%-8.0%unavailable−5% / −53%
NGVCNatural Grocers by Vitamin Cottage, Inc.661.2 m13.921.6%3.5%+7.2%−11% / +128%
VLGEAVillage Super Market, Inc.179.8 m3.410.3%2.2%+3.7%+36% / +75%
HOSTHost Digital Inc.92.5 m—-207.8%-13.3%+12.7%−86% / unavailable
MSSMaison Solutions Inc.17.7 m———+4.8%−97% / −100%
IMKTAIngles Markets, Incorporated——6.3%1.9%−5.4%+22% / +5%
TBBBBbb Foods Inc——-69.6%-3.6%+36.1%+107% / unavailable

1- and 3-year price returns: for WMK from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
42.66
Total return -41% · Per year -41%
75.53
Total return 3% · Per year 3%
113.91
Total return 55% · Per year 55%
3 years
39.10
Total return -43% · Per year -17%
78.11
Total return 11% · Per year 3%
129.67
Total return 81% · Per year 22%
5 years
35.84
Total return -45% · Per year -11%
80.78
Total return 18% · Per year 3%
147.61
Total return 111% · Per year 16%
What moves the 3-year price the most
  • Exit P/E± 19.53
  • Net margin± 13.67
  • Annual revenue growth± 11.53
  • Annual dilution± 1.15

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Weis Markets is a conventional supermarket chain in Pennsylvania and six surrounding states, with 202 stores and a focus on value, fresh food and pharmacy services. Revenue has grown in 2026 while customers remain focused on affordability, and the restatement of prior financial statements has drawn attention to internal control weaknesses. Net sales reached 4939.373 million USD in fiscal 2025 1, and second-quarter 2026 net sales were 1270.858 million USD 2.

SWOT

Strengths

  • A dense regional network of stores across seven states and a well-established traditional supermarket brand 1.
  • Own distribution capacity and milk and meat processing plants that support cost control 1.
  • Comparable store sales growing in 2026, supported by newer stores and loyalty programs 23.

Weaknesses

  • Declining operating margin in 2025 with rising operating expense as a share of sales 1.
  • The restatement and internal control weaknesses could weigh on investor confidence and compliance costs 1.
  • Geographic concentration makes the company exposed to regional economic and weather conditions 1.

Opportunities

  • Expanding online ordering and home delivery could attract new customers 12.
  • Investment in new and remodeled stores could strengthen market share 1.
  • Growth in pharmacy services could partly offset pressure from drug pricing 13.

Threats

  • Competitive pressure from online retailers and membership clubs could compress margins 1.
  • Tariffs and uncertain trade policy could raise supply costs 1.
  • Reduced government benefits and higher fuel prices could cut customers' purchasing power 12.

Risks

  • Internal control weaknesseshigh

    Management identified material weaknesses in internal control, and remediation is not yet complete 1. If measures fail, new misstatements could appear in financial statements.

  • Litigation and investigations over the restatementhigh

    The restatement could lead to litigation and investigations, with defense costs regardless of outcome 13.

  • Weis family controlmedium

    The Weis family controls the majority of votes, which limits the influence of minority shareholders over decisions 1.

  • Labor and fuel costsmedium

    Labor and fuel costs are sensitive to markets and could affect profitability 12.

  • Cybersecurity and data risksmedium

    Systems that handle payment and health data could be targeted by attacks, with consequences for reputation and finances 1.

Investment thesis

What would need to be true (bull case)

  • If comparable store sales keep growing and margins stabilize, the company could recover from the profit decline seen in 2025 12.
  • The dense store network, own distribution and fresh product offering could support market share against competitors 1.
  • Growth in online ordering and delivery could attract new customers, especially if prices stay competitive 12.

What would break the thesis

  • Internal control weaknesses and the restatement could weigh on investor confidence and add costs 1.
  • Competitive pressure and lower prices could compress margins, especially if customers become more price sensitive 13.
  • Higher fuel prices and reduced government benefits could cut sales in the company's core regions 12.

What to watch

  • Completion of internal control remediation and any new weaknesses reportednext 10-K
  • Trends in comparable store sales and gross profit marginQ3 2026
  • Effect of Medicare drug pricing on pharmacy revenue2026
  • Fuel cost trends and their effect on store trafficQ4 2026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

Weis Markets, Inc. is a Pennsylvania company founded in 1912 that is engaged principally in the retail sale of food in Pennsylvania and surrounding states 1. It operates as a single reportable segment and sells groceries, dairy, meat, seafood, fresh produce, pharmacy services, prepared foods, beer and wine, fuel and general merchandise 1. Besides its stores, it offers online ordering with drive-thru pickup and home delivery through partners at all 202 locations 1.

The sales mix shows growing reliance on pharmacy and fresh products, while the core center-store share is declining. In fiscal 2025 center store accounted for 52.6% of net sales, while pharmacy services reached 13.6% 1. The company self-distributes about 52% of product supplied to stores through its own distribution center, with the rest coming from direct store delivery and regional wholesalers 1. The Weis family controls about 61% of the voting power 1.

In February 2026 the company announced a restatement of previously issued financial statements for 2024 and 2023 and for 2025 interim periods, after finding an overstatement of inventory at a single meat plant 1. Management concluded there were material weaknesses in internal control over financial reporting as of December 27, 2025 1. Restoring confidence will depend on remediation measures working in the periods ahead 1.

Segments

Fuel

Fuel represented 5.0% of net sales in 2025 1. In the first half of 2026 the average gasoline price in the Central Atlantic States rose sharply, which could affect store traffic and basket value 2.

Pharmacy

Pharmacy services are the most dynamic category in the revenue mix, but their growth in 2026 has been reduced by pricing effects from the Inflation Reduction Act's Medicare maximum fair price provisions 3. The impact was approximately 10.71 million USD in the second quarter and approximately 18.19 million USD in the first 26 weeks 3.

Market context

Weis operates in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia, where competition is intense among national, regional and local chains, independent stores, convenience stores, membership clubs and large supercenters, as well as online retail 1. Food-at-home inflation has stayed moderate, with the food-at-home index up 1.4% in the first 26 weeks of 2026 2.

In the second quarter of 2026 gasoline prices in the region rose 31.9%, changing consumer behavior and raising transport costs for the company 2. Customer price sensitivity remains high, and changes to government benefit programs may affect sales in some areas 1.

Trends

  • Price pressure on customersheadwind

    Customers are focused on affordability, and the company has increased promotional and loyalty marketing spending to retain them 3. If price pressure persists, margins could stay under pressure.

  • Growth in comparable store salestailwind

    Comparable store sales rose 2.3% in the second quarter of 2026, with newer stores contributing to the growth 23. This suggests that investment in new and remodeled stores could support growth.

  • Medicare drug pricingheadwind

    Maximum fair prices under the Inflation Reduction Act reduce pharmacy revenue, although the category remains a growth driver 3. The effect could continue in coming periods.

  • Demand for online ordering and deliverymixed

    Online ordering and delivery services are available at most stores and may attract customers who prefer convenience 12. If adoption continues, these channels could support sales.

Competitive position

The company faces competition from international, national, regional and local food chains, independent stores, convenience stores, membership warehouse clubs, specialty retailers, supercenters and large drug chains, as well as online retail 1. Competition could force price reductions and compress margins 1.

Weis tries to differentiate through a combination of value, quality and service, private brands and loyalty offers 12. The company has increased promotional marketing to maintain traffic 3.

  • National supermarket chains

    Competitors in the same markets with comparable pricing and offers 1.

  • Supercenters and discount stores

    Direct competition on staple categories and prices, which Weis must offset with service and fresh products 1.

  • Membership warehouse clubs

    Competition on low prices and bulk purchases, especially for staple goods 1.

  • Online grocery retailers

    A growing sales channel that draws customers away from traditional supermarkets 1.

News & filings

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-27 · SEC / Weis Markets, Inc. · 12 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-27 · SEC / Weis Markets, Inc. · 06 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Weis Markets, Inc. · 04 Aug 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

Weis Markets, Inc. (WMK): stock, results, valuation and forecast · olivLaw