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
October 14,
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 October 14, 2005, the
Company released its earnings for the third quarter ended
September 24, 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. October 14, 2005 press release announcing
its third 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: October 14, 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. October 14, 2005 press release announcing its third 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 | October 14, 2005 |
| E-Mail: dcurtin@weismarkets.com |
|
|
(SUNBURY, PA) – Weis Markets
Inc. (NYSE:WMK) today said its third quarter net income
increased 11.9% to $13.7 million and that its basic and
diluted earnings per share increased 13.3%, from $.45 to
$.51 per share.
During the thirteen-week period ending
September 24, 2005, the Company's sales increased 3.2% to
$535.3 million, while its comparable store sales
increased 3.3%.
Year-to-date, the Company's net income
increased 7.0% to $45.1 million, while its basic and
diluted earnings per share increased 7.7% to $1.67 per
share. The Company's year-to-date sales increased 3.9% to
$1.6 billion while comparable store sales were up
3.7%.
In the third quarter, the Company
continued to see sales increases in a number of its
center store categories and its perishable departments,
particularly produce. The Company also said its fuel and
utility costs were up significantly compared to the same
period a year ago. As previously noted in the second
quarter, the Company continues to see exorbitant
increases for its credit and debit interchange fees due
to substantial rate hikes and higher customer
usage.
Weis Markets, which is based in
Sunbury, Pennsylvania, is a Mid-Atlantic supermarket
company. It currently operates 157 stores in six states:
Pennsylvania, Maryland, New Jersey, New York, Virginia
and West Virginia. The Company also owns SuperPetz, a pet
supply superstore chain with 32 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 |
| Third Quarter - 2005 |
| 13 Week | 13 Week | ||
| Period Ended | Period Ended | Increase | |
| Sept. 24, 2005 | Sept. 25, 2004 | (Decrease) | |
| Net Sales | $535,251,000 | $518,639,000 | 3.2% |
| Income Before Taxes | 21,545,000 | 19,578,000 | 10.1% |
| Provision for Income Taxes | 7,878,000 | 7,364,000 | 7.0% |
| Net Income | $13,667,000 | $12,214,000 | 11.9% |
| Weighted-Average | |||
| Shares Outstanding | 27,030,000 | 27,080,000 | (50,000) |
| Basic and Diluted | |||
| Earnings Per Share | $0.51 | $0.45 | $0.06 |
| 39 Week | 39 Week | ||
| Period Ended | Period Ended | Increase | |
| Sept. 24, 2005 | Sept. 25, 2004 | (Decrease) | |
| Net Sales | $1,620,697,000 | $1,560,682,000 | 3.9% |
| Income Before Taxes | 71,567,000 | 67,256,000 | 6.4% |
| Provision for Income Taxes | 26,510,000 | 25,163,000 | 5.4% |
| Net Income | $45,057,000 | $42,093,000 | 7.0% |
| Weighted-Average | |||
| Shares Outstanding | 27,035,000 | 27,113,000 | (78,000) |
| Basic and Diluted | |||
| Earnings Per Share | $1.67 | $1.55 | $0.12 |