| Business Summary | | Weis
Markets,
Inc.
is
engaged
principally
in
the
retail
sale
of
food
and
pet
supplies
in
Pennsylvania
and
surrounding
states.
The
Company
operates
133
retail
food
markets
in
Pennsylvania,
22
in
Maryland,
three
in
New
Jersey,
three
in
New
York,
one
in
Virginia
and
one
in
West
Virginia.
The
stores
trade
under
the
name
Weis
Markets,
except
for
19
Pennsylvania
stores
that
trade
as
Mr.
Z's
Food
Mart,
six
Pennsylvania
stores
that
trade
as
King's
Supermarkets,
three
Pennsylvania
stores
that
trade
as
Save-A-Lot,
three
Pennsylvania
stores
that
trade
as
Scot's
Lo
Cost
and
one
Pennsylvania
store
that
trades
as
Cressler's
Marketplace.
SuperPetz,
a
pet
supply
chain,
operated
two
stores
in
Alabama,
one
store
in
Georgia,
one
store
in
Indiana,
one
store
in
Kentucky,
one
store
in
Maryland,
two
stores
in
Michigan,
eight
stores
in
Ohio,
seven
stores
in
Pennsylvania,
six
stores
in
South
Carolina
and
four
stores
in
Tennessee.
One
SuperPetz
store
was
closed
for
financial
reasons. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Weis
Markets,
Inc.
is
engaged
in
the
retail
sale
of
food
and
petsupplies
in
Pennsylvania
and
surrounding
states.
As
of
11/00,
the
Company
operated
163
food
stores
and
33
pet
supply
stores.
For
the
26
weeks
ended
6/30/01,
net
sales
fell
5%
to
$981.5
million.
Net
income
fell
34%
to
$25.9
million.
Revenues
reflect
the
sale
of
the
food
service
division.
Lower
income
also
reflects
higher
SG&A
expenses
and
the
absence
of
a
$5.8
million
gain
on
the
sale
of
a
division. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Weis, 81 Chairman,
Treasurer | $505K | Norman Rich, 63 Pres,
Director | 492K | Robert Hermanns COO,
VP | -- | William Mills, 44 VP-Fin.,
Sec., Director | 214K | Jonathan Weis, 34 VP,
Property Management and Devel. | -- | Dollar amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|