UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act
of 1934
April 18,
2005
Date of Report (Date of earliest event reported)
______________________________________________________
WEIS MARKETS,
INC.
(Exact name of registrant as specified in its
charter)
______________________________________________________
Pennsylvania
1-5039
24-0755415
(State or other
jurisdiction (Commission (IRS
Employer
of
incorporation) File
Number) Identification
No.)
1000 South
Second Street, Sunbury, PA 17801
(Address of principal executive offices) (Zip
Code)
(570)
286-4571
Registrant's telephone number, including area
code
N/A
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On April 18, 2005, the Company
released its earnings for the first quarter 2005 ended March
26, 2005. A copy of the
press release is attached hereto as Exhibit 99.1 and is
incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
(c)
Exhibit.
99.1
Weis Markets, Inc. April 18, 2005 press release announcing its
first quarter 2005 earnings.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WEIS MARKETS, INC.
Dated: April 18, 2005
By: /s/
William R.
Mills
William R.
Mills
Senior Vice President and
Treasurer/CFO
EXHIBIT INDEX
Exhibit No. Description
99.1 Weis Markets, Inc. April 18, 2005 press release announcing its first quarter 2005 earnings.
EXHIBIT 99.1
| WEIS MARKETS, INC. | 1000 S. 2nd Street |
| Sunbury, Pennsylvania 17801 | |
| Phone 570-286-3636 | |
| Fax 570-286-3692 |
| Press Release |
| Contact: Dennis Curtin | FOR IMMEDIATE RELEASE |
| Phone: (570) 286-3636 | April 18, 2005 |
| E-Mail: dcurtin@weismarkets.com |
| WEIS MARKETS REPORTS INCREASES IN FIRST QUARTER SALES, IDENTICAL STORE SALES AND NET INCOME |
(Sunbury, PA) – Weis Markets
(NYSE: WMK) today said its first quarter sales increased
5.6% to $549.7 million and its identical store sales
increased 5.3% compared to the same period in
2004.
During the thirteen-week period ending
March 26, 2005, the Company's basic and diluted earnings
per share increased $.02 to $.62 per share and its net
income increased 3.3% to $16.8 million.
The Company's sales increases were the
result of sustained and cost-effective promotional
activity in its core trade areas. It also continues to
see increases in key center store and perishable
categories. The Company's first quarter sales also
benefited from the Easter holiday period, which fell in
the second quarter last year.
In the first quarter of 2005, the
Company's income from operations was up 12.5%.
In 2004, the Company's first quarter
net income was affected by a pre-tax net gain of $1.5
million from the sale of fixed assets, predominantly from
the sale of a closed store facility.
"Our sales and earnings benefited from
more than just our strong Easter sales period and a
favorable calendar comparison. Our stores performed
consistently throughout the period and there is an
underlying strength to our first quarter performance,"
said Norman S. Rich, Weis Markets' President and
CEO.
Founded in 1912, Weis Markets operates 157 stores in six states: Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia. The Company also operates 33 SuperPetz units in eleven states.
In addition to historical
information, this news release may contain
forward-looking statements. Any forward-looking
statements contained herein are subject to certain risks
and uncertainties that could cause actual results to
differ materially from those projected. For example,
risks and uncertainties can arise with changes in:
general economic conditions, including their impact on
capital expenditures; business conditions in the retail
industry; the regulatory environment; rapidly changing
technology and competitive factors, including increased
competition with regional and national retailers; and
price pressures.
The Company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof other than through its periodic filings with the Securities and Exchange Commission that are available to the public.
| Weis Markets, Inc. and Subsidiaries |
| COMPARATIVE SUMMARY OF UNAUDITED SALES & EARNINGS |
| First Quarter - 2005 |
| 13 Week | 13 Week | ||
| Period Ended | Period Ended | Increase | |
| Mar. 26, 2005 | Mar. 27, 2004 | (Decrease) | |
| Net Sales | $549,712,000 | $520,669,000 | 5.6% |
| Income Before Taxes | 26,879,000 | 26,037,000 | 3.2% |
| Provision for Income Taxes | 10,115,000 | 9,802,000 | 3.2% |
| Net Income | $16,764,000 | $16,235,000 | 3.3% |
| Weighted-Average | |||
| Shares Outstanding | 27,038,000 | 27,140,000 | (102,000) |
| Basic and Diluted | |||
| Earnings Per Share | $0.62 | $0.60 | $0.02 |