Weis Markets Inc (WMK)

Price$71.98Cached quoteAs of 2026-09-05 14:17 UTC

AI: Fair-priced

Price checkThe shares look fairly priced because solid assets offset modest growth and thin cash returns.

At the observed quote, Weis is worth about $1.76 billion, or 17.7 times roughly $99.6 million of profit from the latest four reported quarters. It also trades at 1.27 times June book value, meaning assets minus liabilities, and offers about a 1.9% dividend yield. Those are reasonable, not bargain, levels for a defensive grocer with modest borrowings. The price assumes earnings remain near $100 million and investment spending eventually produces more cash; weak core sales and recent accounting problems limit the upside case.

Big pictureSales are resilient, but profit and spare cash remain below earlier peaks.

Revenue rose from $4.11 billion in 2020 to $4.96 billion in 2025, showing durable grocery demand, yet net income slipped from $118.9 million to $93.7 million. The first half of 2026 improved: profit rose 13.1% to $50.7 million, although second-quarter profit fell 9.6%. Cash is less convincing. In 2025, $207.2 million of operating cash nearly matched $202.4 million of store and equipment spending, leaving only $4.8 million of free cash flow—cash left after running and investing in the business. Grocery demand is steady, but profits still swing with costs.

Business strengthA sturdy balance sheet supports dividends, while the discounted buyback avoided dilution.

At June 2026, current assets of $677.8 million were about twice current liabilities of $333.5 million. Cash and marketable investments totaled $208.1 million, above $170.4 million of reported debt, while shareholders’ equity was $1.39 billion. In June 2025, Weis spent $140 million buying 8% of its shares at a 12.3% discount to the prior close; independent directors approved the related-party deal, and the share count has since stayed flat. Annualized dividends cost about $33.7 million, manageable from earnings but close to recent free cash flow.

What could change the storyBetter core sales could unlock value, while pharmacy cuts and store costs threaten profits.

Headline revenue overstates underlying progress: second-quarter same-store sales rose 2.3% including fuel but fell 0.4% without fuel, while first-half sales without fuel rose only 0.4%. New Medicare drug-pricing rules reduced first-half pharmacy revenue growth by $18.2 million. The bull case needs sustained same-store growth above inflation and capital spending falling enough for cash after investment to cover dividends comfortably. The bear case is flat core demand plus continued wage, technology, depreciation, and utility increases, keeping operating profit below its $157.1 million 2022 peak despite new-store spending.

AI: News

Mixed second-quarter resultsSecond-quarter sales grew, but lower profit and weak core demand challenged the rebound.

On August 4, Weis reported quarterly revenue of $1.28 billion, up 4.6%, but same-store sales excluding fuel fell 0.4%. Net income declined 9.6% to $22.9 million, and new Medicare drug-pricing rules reduced pharmacy revenue growth by $10.7 million. Shares fell 4.6% in the next session. The timing is consistent with disappointment over underlying grocery demand and earnings, but it does not prove the report alone caused the move.

First-quarter profit reboundFirst-quarter profit jumped as a wider product margin outweighed higher operating costs.

On May 6, first-quarter revenue rose 4.6% to $1.26 billion and same-store sales excluding fuel increased 1.2%. Net income climbed 42.5% to $27.9 million, helped by a gross-profit margin about 1.5 percentage points wider even as operating expenses rose. Shares gained 3.0% that session. The concurrent move is consistent with investors welcoming the profit rebound, although timing alone cannot establish that the report caused the gain.

Inventory restatement resolvedThe company corrected years of inventory errors, then reported that stronger controls were working.

On February 20, Weis said inventory at one meat plant had been overstated by up to $22 million across several reporting periods. The March 12 annual filing attributed the errors to one former non-executive employee and reduced previously reported 2024 and 2023 net income by $3.9 million and $3.0 million. By August, management said the improved inventory controls had operated long enough to be effective. The correction improves reporting confidence, but possible legal expenses and shareholder actions remain unresolved risks.

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Financial statements

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$4.96B	$4.79B	$4.71B	$4.71B	$4.22B	$4.11B	$3.54B	$3.51B	$3.47B	$3.14B	$2.88B	$2.78B	$2.69B	$2.70B	$2.75B	$2.62B	$2.52B
Gross profit	$1.24B	$1.20B	$1.18B	$1.20B	$1.12B	$1.10B	$938.2M	$935.0M	$912.5M	$863.5M	$786.7M	$753.0M	$745.5M	$742.6M	$735.9M	$713.6M	$678.2M
Gross margin	25.01%	25.02%	24.93%	25.46%	26.41%	26.76%	26.48%	26.64%	26.32%	27.53%	27.35%	27.12%	27.69%	27.49%	26.73%	27.23%	26.95%
Operating expenses	$1.13B	$1.07B	$1.04B	$1.04B	$969.0M	$937.3M	$853.6M	$852.3M	$834.0M	$765.2M	$696.0M	$671.6M	$631.8M	$615.5M	$621.6M	$608.3M	$581.8M
Operating income	$113.7M	$126.4M	$133.1M	$157.1M	$146.7M	$163.2M	$84.6M	$82.7M	$78.5M	$98.3M	$90.8M	$81.4M	$113.7M	$127.0M	$114.3M	$105.3M	$96.4M
Operating margin	2.29%	2.64%	2.82%	3.33%	3.47%	3.97%	2.39%	2.36%	2.26%	3.13%	3.16%	2.93%	4.22%	4.70%	4.15%	4.02%	3.83%
EBITDA	$238.4M	$240.3M	$241.6M	$261.1M	$249.5M	$262.5M	$178.3M	$176.2M	$163.9M	$175.2M	$160.9M	$148.2M	$171.9M	$177.7M	$173.7M	$160.4M	$149.8M
EBITDA margin	4.81%	5.01%	5.12%	5.54%	5.91%	6.38%	5.03%	5.02%	4.73%	5.59%	5.59%	5.34%	6.39%	6.58%	6.31%	6.12%	5.95%
Net income	$93.7M	$106.0M	$100.9M	$125.2M	$108.8M	$118.9M	$68.0M	$62.7M	$98.4M	$87.2M	$59.3M	$54.4M	$73.2M	$82.5M	$75.6M	$68.3M	$62.8M
Net profit margin	1.89%	2.21%	2.14%	2.66%	2.58%	2.89%	1.92%	1.79%	2.84%	2.78%	2.06%	1.96%	2.72%	3.05%	2.75%	2.61%	2.50%
Basic EPSper basic share	$3.65	$3.94	$3.75	$4.65	$4.05	$4.42	$2.53	$2.33	$3.66	$3.24	$2.21	$2.02	$2.72	$3.07	$2.81	$2.54	$2.33
Diluted EPSper diluted share	$3.65	$3.94	$3.75	$4.65	$4.05	$4.42	$2.53	$2.33	$3.66	$3.24	$2.21	$2.02	$2.72	$3.07	$2.81	$2.54	$2.33

Review official source filings ↗

Owners

Reported shareholders

Reference date Jun 30, 2026

≈21.54%of listed shares

WEIS JONATHAN H5.33M shares · Jun 1, 2026

View holders

Top 20 reported holders of WMK
Holder	% owned
WEIS JONATHAN H	≈21.54%5.33M shares
DIMENSIONAL FUND ADVISORS LP	≈8.08%2M shares
BlackRock, Inc.	≈4.92%1.22M shares
VANGUARD PORTFOLIO MANAGEMENT LLC	≈3.42%846.75K shares
AMERICAN CENTURY COMPANIES INC	≈3.03%748.7K shares
VANGUARD CAPITAL MANAGEMENT LLC	≈2.28%564.62K shares
STATE STREET CORP	≈1.65%408.3K shares
GEODE CAPITAL MANAGEMENT, LLC	≈1.16%286.65K shares
TWO SIGMA INVESTMENTS, LP	≈1.12%276.84K shares
Bank of New York Mellon Corp	≈1.09%269.84K shares
Allianz Asset Management GmbH	≈1.02%251.35K shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	≈0.96%238.48K shares
Qube Research & Technologies Ltd	≈0.95%233.87K shares
UBS Group AG	≈0.86%213.32K shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	≈0.73%179.8K shares
GOLDMAN SACHS GROUP INC	≈0.73%179.72K shares
MILLENNIUM MANAGEMENT LLC	≈0.69%170K shares
Creative Planning	≈0.63%155.63K shares
CITADEL ADVISORS LLC	≈0.62%153.57K shares
RENAISSANCE TECHNOLOGIES LLC	≈0.60%148.14K shares

Percentages use 24.74M shares of this listed class outstanding on Jun 27, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.

Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.

Source: SEC Form 4 ↗Updated Sep 29, 2026 · Quarterly data

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys1$32.8K disclosed value

Sells (SEC code S)3$264.91M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Nov 7, 2025Form 4	Gleeson Robert G.Chief Operating Officer	BuyCommon Stock	500	$65.51	$32.8K	1.0K
Jun 6, 2025Form 4	Patricia R. Weis Marital TrustTenPercentOwner	SellCommon Stock	1.92M	$65.00	$124.91M	4.05M
Jun 6, 2025Form 4	Weis Patricia G. RossTenPercentOwner	SellCommon Stock · indirect	1.92M	$65.00	$124.91M	0
Jun 6, 2025Form 4	Weis Patricia G. RossTenPercentOwner	SellCommon Stock	232.1K	$65.00	$15.09M	1.8K

Review ownership filings at SEC.gov ↗

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Weis Markets Inc (WMK)

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