Regional grocer Weis Markets' Q1 net income rises

Weis Markets, Inc.

Weis Markets, Inc.

WMK

0.00


Overview

  • US food retailer's Q1 revenue rose 4.6% yr/yr to $1.26 bln

  • Q1 net income increased 42.5% yr/yr to $27.85 mln

  • Pharmacy revenue growth impacted by Medicare pricing headwinds under Inflation Reduction Act


Outlook

  • Company did not provide specific guidance for current or future quarters in press release


Result Drivers

  • PHARMACY PRICING HEADWINDS - Co said pharmacy revenue growth was negatively impacted by Medicare maximum fair price provisions under the Inflation Reduction Act


Company press release: ID:nPn46HMLHa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$1.26 bln

Q1 Net Income

$27.85 mln


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