Revenue Update on Weis Markets(NYSE:WMK)

Weis Markets(NYSE:WMK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Earnings per share were $0.57.

Weis Markets (WMK) made into the market gainers list on Fridays trading session with the shares advancing 2.24% or 1.13 points. Due to strong positive momentum, the stock ended at $51.67, which is also near the day’s high of $51.7. The stock began the session at $50.38 and the volume stood at 58,190 shares. The 52-week high of the shares is $53.889 and the 52 week low is $37.144. The company has a current market capitalization of $1,390 M and it has 2,68,98,443 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 11, 2015, Dennis G Hatchell (director) purchased 2,500 shares at $43.08 per share price.

Weis Markets Inc. is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries dairy products frozen foods meats seafood fresh produce floral pharmacy services deli products prepared foods bakery products beer and wine fuel and general merchandise items such as health and beauty care and household products. The Company advertises its products and promotes its brand through weekly newspaper circulars; radio and television ads; e-mail blasts; and online via its Website social media and mobile applications. Printed circulars are used on a weekly basis to advertise featured items. The Company owns and operates over 163 retail food stores. Its brands for its product lines and promotions include Weis Weis 2 Go Weis Wonder Chicken Price Freeze Weis Gas-n-Go and Weis Nutri-Facts.

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