Weis Markets Inc(WMK)- NYSE
  • Wed, Sep. 14, 2:09 PM
    • All eyes in the retail sector will be on the Department of Commerce's report on August sales tomorrow. Economists will be looking for confirmation that the dip into negative territory in July was only transitory. The impact of the recent slowdown in auto sales has been debated, with some analysts saying it's indicative of tight consumer spending, while others feel it reverses the "crowding out" effect of auto purchases.
    • The consensus estimate is for a 0.4% M/M gain after backing out the gas and auto categories. The direction of U.S. retail sales will also give Fed watchers their latest talking point.
    • If there's a wildcard in the mix, it could be price deflation in the grocery store category (KR, SFM, WFM, SVU, WMK, IMKTA). That pricing weakness could also spill over to affect general merchandise stores (WMT, TGT), drug store chains (WBA, RAD), and even nip at chains like Casey's General Stores (NASDAQ:CASY) and CST Brands (NYSE:CST).
    • Retail ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, UGE, SZK.
    | Wed, Sep. 14, 2:09 PM | 6 Comments
  • Tue, Sep. 13, 12:09 PM
    • Weis Markets (WMK -0.9%) announces plans to convert 38 Food Lion supermarket locations into stores under the Weis banner.
    • The Company completed the purchase of the locations in Maryland, Virginia and Delaware, and plans to finish off the conversion process by the end of October.
    • After the recent round of deals are over, Weis Markets will have increased the number of its operating stores by more than 25% to 204 stores across seven states.
    • Source: Press Release
    | Tue, Sep. 13, 12:09 PM
  • Thu, Sep. 8, 8:38 AM
    • Execs in the grocery sector have painted a bleak picture this week on current sales trends during their presentations at various retail conferences.
    • Weak pricing has been a major talking point, while some companies say a lower level of government benefits have also come into play.
    • While the down trend was tipped off a few weeks ago when the Commerce Department reported a drop in grocery store sales for July, the new twist is that companies such as Supervalu (NYSE:SVU) and Sprouts Farmers Market (NASDAQ:SFM) are now talking about the pressure extending through the end of the year.
    • Related stocks: KR, WFM, SFS, IMKTA, WFM, CASY, VLGEA, WMK, TGT, WMT.
    | Thu, Sep. 8, 8:38 AM | 44 Comments
  • Tue, Jul. 26, 5:28 PM
    • Weis Markets (NYSE:WMK): Q2 EPS of $0.57
    • Revenue of $730.43M (+1.7% Y/Y)
    • Press Release
    | Tue, Jul. 26, 5:28 PM
  • Thu, Jul. 7, 5:02 PM
    • Weis Markets (NYSE:WMK) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 2.36%
    • Payable Aug. 1; for shareholders of record July 18; ex-div July 14.
    | Thu, Jul. 7, 5:02 PM
  • Tue, May 24, 2:34 PM
    • Retail stocks continue to do a reset ever since Wal-Mart reported strong earnings at odds with some of its peers.
    • A category that performed well for Wal-Mart in Q1 was grocery in what some investors are seeing as more of a read on consumer spending habits than a  market share grab from the retail giant.
    • Grocery store stocks and a few convenience store names are notably out in front of broad market averages today. The list of gainers includes Village Super Market (VLGEA +6.1%), Weis Markets (WMK +2.5%), Ingles Markets (IMKTA +3.3%), Supervalu (SVU +4.3%), Kroger (KR +1.8%), Casey's General Stores (CASY +2.9%), and CST Brands (CST +2.1%),
    | Tue, May 24, 2:34 PM | 3 Comments
  • Mon, May 2, 11:50 AM
    • Weis Markets (NYSE:WMK): Q1 EPS of $0.75
    • Revenue of $738.2M (+3.6% Y/Y)
    • Shares +1%.
    • Press Release
    | Mon, May 2, 11:50 AM
  • Thu, Apr. 21, 5:07 PM
    • Weis Markets (NYSE:WMK) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 2.64%
    • Payable May 16; for shareholders of record May 2; ex-div April 28.
    | Thu, Apr. 21, 5:07 PM
  • Tue, Feb. 16, 5:06 PM
    • Weis Markets (NYSE:WMK): FQ3 EPS of $0.48
    • Revenue of $711.88M (+4.1% Y/Y)
    | Tue, Feb. 16, 5:06 PM
  • Thu, Feb. 4, 3:54 PM
    • Weis Markets (NYSE:WMK) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 3.02%
    • Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 11.
    | Thu, Feb. 4, 3:54 PM
  • Dec. 3, 2015, 1:06 PM
    | Dec. 3, 2015, 1:06 PM | 13 Comments
  • Nov. 17, 2015, 3:03 PM
    • Weis Markets (NYSE:WMK) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 2.87%
    • Payable Dec. 11; for shareholders of record Nov. 27; ex-div Nov. 24.
    | Nov. 17, 2015, 3:03 PM
  • Jul. 30, 2015, 3:48 PM
    • Weis Markets (NYSE:WMK): Q2 EPS of $0.61
    • Revenue of $718.38M (+3.8% Y/Y)
    | Jul. 30, 2015, 3:48 PM
  • Jul. 9, 2015, 3:08 PM
    • Weis Markets (NYSE:WMK) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 2.79%
    • Payable Aug. 3; for shareholders of record July 20; ex-div July 16.
    | Jul. 9, 2015, 3:08 PM
  • Jun. 24, 2015, 8:46 AM
    • Grocery store stocks could see some volatility after Ahold agrees to buy Delhaize.
    • Retail analysts think the sector could see more M&A with the presence of larger retail chains such as Target and Wal-Mart placing some pressure on companies to scale up.
    • On watch: Kroger (NYSE:KR), Supervalu (NYSE:SVU), Roundy's (NYSE:RNDY), Ingles Markets (NASDAQ:IMKTA), Village Super Market (NASDAQ:VLGEA), Weis Markets (NYSE:WMK), Fairway Group Holdings (NASDAQ:FWM).
    • Previously: Ahold, Delhaize agree to merger
    | Jun. 24, 2015, 8:46 AM
  • May 14, 2015, 9:47 PM
    • Consolidation in the grocery industry could pick up even more, observes Supermarket News.
    • A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
    • The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
    • "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
    • Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
    • Previously: Ahold, Delhaize confirm merger talks (May 12)
    • Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
    | May 14, 2015, 9:47 PM | 8 Comments