US grocery retailer Weis Markets has reported higher profit for the fourth quarter and full year, helped by strong sales of perishable goods.
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The company posted net income of US$15.1m, or 56 cents per share, for the quarter to 25 December, compared to $14.1m, or 52 cents per share, for the year-ago period. Net sales rose to $537.0m from $520.8m a year earlier. Weis Markets said comparable store sales were up 3.1% for the quarter.
For the full year the company reported net income of $57.2m, or $2.11 per share, compared to $54.6m, or $2.01 per share, for the previous year. Net sales rose 2.7% to $2.1bn.
Weis Markets said its fourth-quarter sales were positively impacted by the continuing strong performance of its perishable departments and core centre store categories, as well as aggressive and targeted promotional activity in key markets.
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