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Grocery Store Companies
Weis Markets Reports 2010 Results
February 20th, 2011
Weis Markets, Inc. (NYSE: WMK) reported an 8.7% increase in its fiscal year 2010 net income and said its earnings per share for the year increased $.21 to $2.54 per share compared to the same period a year ago.
For the 52-week period ending December 25, 2010, the Company's net income totaled $68.3 million compared to $62.8 million in 2009. The Company's 2010 sales increased 4.1% to $2.6 billion compared to $2.5 billion in 2009. During the same period, the Company's comparable store sales increased 1.0%.
"We've achieved our 2010 goals and have generated strong earnings increases for two consecutive years while maintaining our sales base and increasing our...
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Source: Investment Business Weekly (2011-02-20)