Weis Markets has posted a second-quarter sales increase of 6.2 per cent increase to some US$653.7m for the 13-week period ended 26 June, according to a report by The Progressive Grocer.

Comparable-store sales remained unchanged compared with the same period a year ago, while second-quarter earnings jumped 34.9 per cent to US$20.5m.

Earnings per share also rose by US$0.20 to US$0.76 per share against the same 13-week period in 2009, The Progressive Grocer said.

“It is clear the economy continues to be a major concern for our customers, who continue to be extremely cautious in their spending,” said David Hepfinger, Weis Markets president and CEO.

“In this environment, we have maintained our sales base and produced our seventh consecutive quarter of earnings increases. We attribute our results to improved efficiencies and productivity at store and distribution levels.

“We have also benefited from improvements in the procurement arena, and our perishable departments, notably meat and produce, continue to perform well.”

For the 26-week period ended 26 June, earnings at Weis grew by 19.4 per cent to US$37.9m, and earnings per share increased US$0.23 to US$1.41 per share compared with the same period a year ago.

Year-to-date sales increased 7.9 per cent to US$1.3bn, according to The Progressive Grocer.

Weis Markets operates 164 stores in Pennsylvania, Maryland, New York, New Jersey and West Virginia.

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