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Home > Company Index > Retail > Grocery Retailing > Weis Markets, Inc.

Weis Markets, Inc.
NYSE: WMK
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 NEWS FROM THE WIRES
Weis Markets profits, sales fall on weak economy
Jul 27 2001 11:30 AM PDT

More WIRE STORIES about this company

 PROFILE
The Weis family is wise to the ways of grocery retailing. Weis Markets, founded in 1912, runs about 170 grocery stores, most in Pennsylvania and primarily operating under the Weis Markets banner. However, the company also runs stores under names such as Mr. Z's Food Mart and Scot's Lo Cost in Maryland, New Jersey, New York, Virginia, and West Virginia. In addition, the company owns about 35 SuperPetz pet supply stores in 11 southern and midwestern states. In 2001 a conflict between two factions of the Weis family was resolved when Weis family members (who had wanted to sell the company) sold their 35%-plus stake to the company. Remaining in control is chairman Robert Weis, who owns 30% of the company.

 COMPETITION
Albertson's, Inc. (ABS)
Giant Food Inc. (dossier)
PETsMART, Inc. (PETM)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,061.00
1-Yr. Sales Growth: 2.8%
Employees: 20,700
Revenue per employee: $99,565.22

 KEY PEOPLE
• Norman S. Rich
    CEO
• William R. Mills
    CFO

 CONTACT INFO
1000 S. 2nd St.
Sunbury, PA 17801
US
Phone: 570-286-4571
Fax: 570-286-3286
Online: Web Site

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Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


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