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COVID-19 continues to drive strong sales at Weis Markets
Stacy Wescoe//August 4, 2020
With people still eating at home because of the COVID-19 pandemic, Weis Markets is reporting that dramatically higher sales are ongoing.
The Sunbury-based grocery store chain said sales increased 23.7% to $1.1 billion during the 13-week period ending June 27 compared to the same period last year. Second quarter comparable store sales increased 24.1%
“The coronavirus pandemic has altered most aspects of daily life in our seven-state market area which was impacted by full and partial shutdowns initially, and cautious re-openings in June,” said Weis Markets Chairman and CEO Jonathan Weis. “This has resulted in customers taking an increased number of meals at home, which shifted food service demand to food retail.”
For the first six months of the year the Company’s sales increased 18.1% to $2.1 billion compared to the same period in 2019 while comparable store sales increased 18.5%.
Year-to-date net income increased 96% to $68.2 million while earnings per share for the same period increased $1.24 to $2.53 per share.
Year-to-date ecommerce sales increased 141%.
Weis credited employees with stepping up to the extra challenges of the dramatic increase in sales.
“Our dedicated associates helped us adjust to these new market conditions with accelerated replenishment schedules, strategic procurement and an ongoing commitment to ensuring a safe shopping environment. Their essential work makes this possible. We remain grateful for all that they do,” said Weis.
