Executive Summary

Q1 2025 net sales grew to $1.20B (+1.6% YoY; +2.7% adjusted for Easter shift), while EPS declined to $0.76 (–11.6% YoY), reflecting margin compression amid cost investments and calendar timing effects .
Comparable store sales excluding fuel increased 1.0% YoY (4.3% two-year stacked), with sales aided by “significant regional weather events,” price investments, and higher loyalty rewards activity .
No formal quantitative guidance was issued; the Board maintained the quarterly dividend at $0.34 and highlighted four new stores under construction (three opening in 2025, one in early 2026) .
Shares rose ~3% on the announcement day, suggesting investors viewed the stable topline and ongoing strategic initiatives favorably despite EPS pressure .

What Went Well and What Went Wrong

What Went Well

Loyalty and pricing drove stable comps: “net sales benefited from significant regional weather events, continuing product price investments, and the increased tempo of our loyalty marketing rewards program” .
Underlying sales growth: net sales +1.6% YoY; adjusted for the $14.0M Easter shift, net sales +2.7%, indicating healthy demand after normalizing calendar effects .
Strategic expansion progressing: management is building four >60,000 sq. ft. stores and completed 17 projects in 2024 (major/minor remodels, fuel centers), supporting medium-term growth .

What Went Wrong

Profitability down: net income fell to $20.48M (–11.6% YoY) and EPS declined to $0.76 vs. $0.86, reflecting operating expense growth and margin pressure .
Operating income compressed: Income from operations decreased to $23.04M from $27.36M YoY, as OG&A rose to $276.47M (from $267.65M), offsetting gross profit gains .
Limited guidance and visibility: the absence of quantitative guidance on revenue/margins/tax rate leaves analysts reliant on historical trends and qualitative narratives around price investments and technology efficiencies .

Financial Results

Metric	Q3 2024	Q4 2024	Q1 2025
Net Sales ($USD Billions)	$1.186	$1.227	$1.197
Net Income ($USD Millions)	$25.84	$34.68	$20.48
Diluted EPS ($USD)	$0.96	$1.29	$0.76
Gross Margin %	24.79%*	28.33%*	24.94%*
EBIT Margin %	2.48%*	3.40%*	1.92%*
Net Income Margin %	2.17%*	2.79%*	1.71%*

Values with asterisk retrieved from S&P Global.

Vs. Estimates:

Metric	Q1 2025 Actual	Q1 2025 Consensus	Beat/Miss
EPS ($USD)	$0.76	N/A*	N/A
Revenue ($USD Billions)	$1.2008	N/A*	N/A

Consensus values retrieved from S&P Global. S&P Global consensus for WMK Q1 2025 was unavailable via our feed.

KPIs:

KPI	Q3 2024	Q4 2024	Q1 2025
Comparable Store Sales (ex fuel) YoY	3.0%	1.1%	1.0%
Two-year Stacked (ex fuel)	4.1%	1.3%	4.3%
Net Sales Adjusted for Easter Shift YoY	—	—	2.7%

Guidance Changes

Metric	Period	Previous Guidance	Current Guidance	Change
Revenue	FY/Q2 trajectory	None provided	None provided	Maintained no guidance
Margins (Gross/EBIT/Net)	FY/Q2	None provided	None provided	Maintained no guidance
OpEx	FY/Q2	None provided	Ongoing “strategic cost investments” (associates, technology) qualitative only	Maintained qualitative
OI&E / Tax Rate	FY/Q2	None provided	None provided	Maintained no guidance
Dividend per Share	Quarterly	$0.34 (declared Feb 5, 2025)	$0.34 (declared May 1, 2025)	Maintained

Earnings Call Themes & Trends

Note: We did not find a publicly available Q1 2025 earnings call transcript. MarketBeat lists a call at 9:00AM ET on May 7, 2025; transcript not published in our sources .

Topic	Previous Mentions (Q3 2024)	Previous Mentions (Q4 2024)	Current Period (Q1 2025)	Trend
Loyalty & Price Investments	Expanded “Low, Low Price” program; loyalty support cited	Price investments and loyalty continued to support results	Sales aided by price investments and increased loyalty rewards tempo	Stable/Strengthening
Technology/Efficiencies	“Technology integration to improve efficiencies” referenced	“Successful integration of technology” for efficiencies	Continued cost investments in technologies to improve efficiencies/customer experience	Ongoing investment
Store Development	Footprint expansion and remodels highlighted	12 major projects and strong e-commerce in FY 2024	Four new stores under construction; 17 projects completed in 2024	Accelerating build-out
Supply Chain/Macro	Post-inflation environment and operational efficiencies	Inflation and supply chain issues worked through	Uncertain macro; weather events drove sales	Macro mixed, supply stable
E-commerce	Not highlighted in Q3 release	E-commerce +46% for FY 2024	Not quantified in Q1 release	Normalizing disclosure

Management Commentary

“Our first quarter 2025 results, adjusted for the year-over-year Easter holiday shift, are in line with our expectations despite the challenges of an uncertain macroeconomic environment.” — Jonathan H. Weis, Chairman, President & CEO .
“Net sales benefited from significant regional weather events, continuing product price investments, and the increased tempo of our loyalty marketing rewards program.” — Jonathan H. Weis .
“In 2025, we are building four new stores… three in Maryland (Lake Linganore, Charlotte Hall, Waldorf) and one in Middletown, Delaware.” — Jonathan H. Weis .

Q&A Highlights

No Q&A transcript was available for Q1 2025; MarketBeat lists a conference call at 9:00AM ET on May 7, 2025, but no transcript link is provided in our sources .
As such, no additional guidance clarifications or tone shifts can be verified beyond press release commentary .

Estimates Context

S&P Global consensus EPS and revenue estimates for Q1 2025 were unavailable in our feed; comparisons to Wall Street consensus cannot be made this quarter.* Values retrieved from S&P Global.
Given the adjusted net sales growth (+2.7% after Easter shift) and EPS decline (to $0.76), we expect sell-side models to revisit margin assumptions and OpEx run-rate tied to technology and associate investments .

Key Takeaways for Investors

Underlying demand healthy: adjusted net sales +2.7% reflects steady core performance despite calendar effects and macro uncertainty .
Margin watch: EPS down 11.6% YoY as OG&A grew; near-term operating leverage hinges on efficiency gains from technology and labor investments .
Strategic expansion is a tangible growth driver for 2025–2026 with four large-format stores and continued remodels, supporting revenue durability and customer experience .
Dividend stability: $0.34 quarterly dividend reaffirmed, signaling confidence in cash generation and balance sheet prudence .
Trading lens: the ~3% stock move on release day suggests investors rewarded stable topline and strategic progress despite EPS pressure; monitor subsequent margins and comps in Q2 (Easter shift benefit rolls into Q2) .
Estimate resets: with consensus unavailable, expect models to emphasize comps trajectory and OpEx cadence; key watch items include OG&A control and gross margin sustainability amid price investments .
Narrative: loyalty, pricing, and tech-enabled efficiencies remain core; near-term catalysts include new store openings and potential normalization of weather-related demand variability .

WEIS MARKETS INC (WMK)·Q1 2025 Earnings Summary