US retailer Weis Markets saw profits rise by almost 5% in its third quarter despite slow growth in comparable-store sales.

The company booked net income of US$16.3m for the 13 weeks to 25 September, up 4.9% on a year earlier.

Sales rose 2.7% to $640m but comparable-store sales inched up by only 0.1%.

“We continue to produce solid earnings increases in a slow growth environment that continues to be affected by cautious consumer spending,” said Weis Markets’ president and CEO David Hepfinger. “We attribute our results to continuing operational improvements at store and distribution levels, increased efficiencies, improved cost controls, and disciplined marketing and advertising.”

Over the first nine months of its fiscal year, Weis has seen net income increase 14.7% to $54.2m, sales rise 6.1% to $2bn and comparable-store sales up 1.1%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.