WMK » Topics » Dividend

This excerpt taken from the WMK 8-K filed Feb 1, 2006.

Dividend

Weis Markets' Board of Directors today increased the quarterly dividend to $.29 per share to shareholders of record as of February 10, 2006, payable February 24, 2006.

Founded in 1912, Weis Markets, Inc. is a Mid-Atlantic supermarket company operating 158 stores in six states: Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia. The Company also owns and operates SuperPetz, a pet supply superstore chain with 31 locations in ten states.

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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
Fourth Quarter - 2005
  14 Week 13 Week  
  Period Ended Period Ended Increase
  Dec. 31, 2005 Dec. 25, 2004 (Decrease)
Net Sales $601,901,000 $537,031,000 12.1% 
Income Before Taxes 27,739,000 20,347,000 36.3% 
Provision for Income Taxes 9,375,000 5,249,000 78.6% 
Net Income $18,364,000 $15,098,000 21.6% 
       
Weighted-Average      
     Shares Outstanding 27,030,000 27,059,000 (29,000)
Basic and Diluted      
     Earnings Per Share $0.68 $0.56 $0.12 
       
  53 Week 52 Week  
  Period Ended Period Ended Increase
  Dec. 31, 2005 Dec. 25, 2004 (Decrease)
Net Sales $2,222,598,000 $2,097,712,000 6.0%
Income Before Taxes 99,306,000 87,603,000 13.4%
Provision for Income Taxes 35,885,000 30,412,000 18.0%
Net Income $63,421,000 $57,191,000 10.9%
       
Weighted-Average      
     Shares Outstanding 27,034,000 27,098,000 (64,000)
Basic and Diluted      
     Earnings Per Share $2.35 $2.11 $0.24
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