Weis Markets (NYSE:WMK) is a retail food store which as of the most recent quarter owned and operated 165 stores in Pennsylvania, New York, Maryland, New Jersey and West Virginia.
For its latest quarter ending March 30, 2013, the company showed incremental growth, with CEO David Hepfinger calling the slight 0.8 percent growth in underlying sales (same-store) attributable to a "soft sales environment."
"Our customers were also impacted in the first quarter by a tax increase and post-holiday debt. This soft sales environment spurred increased competitive activity in most of our key markets. We were able to offset these trends through disciplined marketing and promotional programs and improved productivity and operational efficiencies at store and distributional levels," Hepfinger...
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