Weis Markets Reports Third Quarter Results

                  Weis Markets Reports Third Quarter Results

PR Newswire

SUNBURY, Pa., Nov. 1, 2013

SUNBURY, Pa., Nov. 1, 2013 /PRNewswire/ --Weis Markets, Inc. (NYSE: WMK)
today issued its third quarter results. In the thirteen-week period ending
September 28, 2013, the Company's sales totaled $661.4 million, a 1.0% decline
compared to the same period in 2012. Comparable store sales for the same
period were down 2.9%.

(Logo: http://photos.prnewswire.com/prnh/20120202/NE46939LOGO )

Third quarter net income declined 31.9% to $11.7 million compared to the same
period in 2012. Third quarter earnings per share totaled $.43 compared to
$.64 in 2012.

The Company's third quarter results were impacted by stagnant sales
performance in select center store categories and significant fuel deflation
resulting in lower retail gas sales.

To drive fourth quarter sales throughout its five state market area, the
Company recently stepped up its promotional and sales building activities and
expanded its loyalty marketing programs.

The Company attributed its decline in net income to a $6.1 million charge for
the separation agreement of its former Chief Executive Officer. Its third
quarter net income was also impacted by a $2.1 million impairment loss for
four properties.

Year to Date

The Company's year to date sales totaled $2.0 billion compared to $2.0 billion
in 2012 while comparable store sales declined 2.3%. Year to date net income
totaled $56.0 million compared to $60.4 million in 2012, down 7.3%. The
Company's year to date earnings per share totaled $2.08 compared to $2.25 in
2012.

About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid Atlantic food retailer operating
165 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.
For more information, please visit: WeisMarkets.com or
Facebook.com/WeisMarkets.

In addition to historical information, this news release may contain
forward-looking statements, which are included pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. 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.
Readers are cautioned not to place undue reliance on forward-looking
statements, which reflect management's analysis only as of the date hereof.
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. Readers should carefully review the risk factors described
in other documents the Company files periodically with the Securities and
Exchange Commission.



WEIS MARKETS, INC.
COMPARATIVE SUMMARY OF UNAUDITED SALES & EARNINGS
Third Quarter – 2013
                              13 Week            13 Week
                              Period Ended      Period Ended
                              September 28, 2013 September 29, 2012 Increase
                              Unaudited          Unaudited          (Decrease)
Net Sales                    $              $              (1.0)%
                              661,412,000        668,391,000
Income Before Income Taxes   18,973,000         27,231,000         (30.3)%
Provision for Income Taxes   7,281,000          10,053,000         (27.6)%
Net Income                $             $             (31.9)%
                              11,692,000         17,178,000
Weighted-Average              26,898,000         26,898,000         ---
Shares Outstanding
Basic and Diluted
Earnings Per             $0.43              $0.64              $(0.21)
Share



                            39 Week            39 Week
                            Period Ended       Period Ended
                            September 28, 2013 September 29, 2012   Increase
                            Unaudited          Unaudited            (Decrease)
Net Sales                   $               $   2,007,097,000 0.0%
                            2,006,196,000
Income Before Income        90,308,000         95,602,000           (5.5)%
Taxes
Provision for Income Taxes 34,308,000         35,195,000           (2.5)%
Net Income         $             $               (7.3)%
                            56,000,000         60,407,000
Weighted-Average           26,898,000         26,898,000           ---
Shares Outstanding
Basic and Diluted          $2.08              $2.25                $(0.17)
Earnings Per Share



SOURCE Weis Markets, Inc.

Website: http://www.weismarkets.com
Contact: Dennis Curtin, Weis Markets, Inc., 570-847-3636,
dcurtin@weismarkets.com, Twitter: @WMKSpokesman