SUNBURY, Pa., April 29, 2021 /PRNewswire/ -- Weis Markets, Inc.
(NYSE:WMK) Chairman, President and Chief Executive Officer
Jonathan H. Weis today announced the
company's plans to invest $135
million in its growth during 2021.
Mr. Weis made the announcement during the company's annual
shareholder meeting in Sunbury,
PA. He said the company continues to invest in new stores,
remodels, fuel centers, information technology upgrades and more
than a thousand smaller store improvement projects.
"Already this year, we've opened a new store in Martinsburg, West Virginia and a remodeled
store in Gap, Pennsylvania, which
was closed for 18 months due to a fire," said Mr. Weis. "We are
currently finishing up work on two stores in the Lehigh Valley, Pennsylvania, which will open
later this spring, and have started work on a new store in
Warminster, Pennsylvania, our
second in Bucks County."
The Company also plans eight remodels and eight fuel centers in
2021. While all of these projects will begin in 2021, some may not
be completed until 2022.
Mr. Weis also spoke about the pandemic's impact.
"We are awed by the efforts of those who work in retail, most
especially our Weis associates who took care of our customers
during challenging times," said Mr. Weis. "They are among the
unsung heroes of the past year."
Mr. Weis also praised the Company's pharmacy team which has
vaccinated more than 145,000 people in Pennsylvania, New
York, West Virginia and
New Jersey since late January.
Mr. Weis and the Chief Operating Officer Kurt Schertle also briefed shareholders on the
Company's results. In FY 2020, the Company generated
$4.1 billion in sales—up 16.1 percent
while comparable store sales increased 16.4 percent. Net income
increased 74.9 percent to $118.9
million.
About Weis Markets
Founded in 1912, Weis Markets, Inc.
is a Mid Atlantic food retailer operating 198 stores in
Pennsylvania, Maryland, Delaware, New
Jersey, New York West Virginia and Virginia. For more information, please visit:
WeisMarkets.com or Facebook.com/WeisMarkets.
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SOURCE Weis Markets, Inc.