Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities:
+Added: The Company’s stock is traded on the New York Stock Exchange (ticker symbol WMK).
+Added: The approximate number of shareholders, including individual participants in security position listings on February 28, 2024 was 11,987.
The following line graph compares the yearly percentage change in the cumulative total shareholder return on the Company’s common stock against the cumulative total return of the S&P Composite-500 Stock Index and the cumulative total return of a Company-selected group index that the Company deems most properly represents its “Peer Group”, for the period of five years.
27 unchanged sentences
Approximately 95% of Weis Markets associates are paid an hourly wage.
−Removed: Its products sold include groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services at locations, deli products, prepared foods, bakery products, beer and wine, fuel, and general merchandise items, such as health and beauty care and household products.
+Added: Its products sold include groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services at certain locations, deli products, prepared foods, bakery products, beer and wine, fuel, and general merchandise items, such as health and beauty care and household products.
The store product selection includes national, local and private brands and the Company promotes competitive pricing by using Everyday Lower Price;
5 unchanged sentences
Utilizing its own strategically located distribution center and transportation fleet, Weis Markets self distributes approximately 56% of product supplied to stores with the remaining being supplied by direct store vendors and regional wholesalers.
−Removed: In addition, the Company has three manufacturing facilities which process milk, ice cream and fresh meat products.
+Added: In addition, the Company has three manufacturing facilities which process milk, water, ice, ice cream and fresh meat products.
The corporate offices are located in Sunbury, Pennsylvania where the Company was founded in 1912.
−Removed: The COVID-19 pandemic resulted in government mandated shutdowns in early 2020, as well as multiple legislative acts to provide emergency economic assistance for individuals, families and businesses affected by the novel coronavirus pandemic.
−Removed: These events were accretive to the Company’s sales and gross profits compared to the time periods preceding the impact of the novel coronavirus pandemic.
WEIS MARKETS, INC.
1 unchanged sentence
Company Overview (continued)
−Removed: The Company continues to innovate and remain relevant to industry trends and offer customer convenience by presenting programs like “Weis 2 Go Online” and home delivery.
−Removed: In 2022, the Company offered Weis 2 Go Online in 188 of its locations, adding 2 stores since the end of 2021.
−Removed: Weis 2 Go Online allows the customer to order on-line and then pick up their order at a drive-thru location at the store.
−Removed: The Company began offering home delivery during the third quarter of 2018 and currently offers this convenience to customers in 195 different locations via Shipt®, DoorDash®, and InstaCart®.
+Added: The Company has provided additional product offerings and customer conveniences such as “Weis 2 Go Online,” currently offered at 188 store locations.
+Added: “Weis 2 Go Online” allows the customer to order on-line and have their order delivered or picked up at an expedient store drive-thru.
+Added: The Company also currently offers home delivery to customers in all 197 of its locations via multiple grocery delivery partners.
Strategic Imperatives
11 unchanged sentences
● Become More Relevant to Consumers – Understanding the consumer is crucial to the Company’s strategic plan.
−Removed: The Company will develop and cultivate a culture where it’s continually “on trend” with its consumers at the current time and where they are going next.
+Added: The Company will develop and cultivate a culture where it is continually “on trend” with its consumers at the current time and where they are going next.
The Company researches and studies the wants and needs of core consumers and casual consumers.
16 unchanged sentences
Its sustainability strategy operates under four key pillars:
−Removed: green design, natural resource conservation, food and agricultural impact and social responsibility.
−Removed: The goal of the sustainability strategy is to reduce the Company’s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on climate change.
+Added: green design, natural resource conservation, food and agricultural impact and community impact.
+Added: The goal of the sustainability strategy is to reduce the Company’s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on the environment.
The Company’s most recently published sustainability report is located at:
6 unchanged sentences
It is not recommended that this table be considered a substitute for the Company’s operating results as reported in accordance with GAAP.
−Removed: Year-over-year and sequential comparisons are the primary calculations used to analyze operating results, however, due to significant fluctuations caused by the novel coronavirus pandemic management believes it is necessary to provide a Two-Year Stacked Comparable Store Sales analysis.
+Added: Year-over-year and sequential comparisons are the primary calculations used to analyze operating results, however, due to significant fluctuations caused by the COVID-19 pandemic, inflation and declining government benefits, Management believes it is necessary to provide a Two-Year Stacked Comparable Store Sales analysis.
The following table provides the two-year stacked comparable store sales, excluding fuel and adjusted for an additional week in 2022 for the fiscal years ended December 30, 2023, and December 31, 2022, as well as fiscal years ended December 31, 2022, and December 25, 2021, respectively.
Percentage Change
−Removed: Comparable store sales (individual year)
−Removed: Comparable store sales (two-year stacked)
−Removed: Comparable store sales, excluding fuel (individual year)
−Removed: Comparable store sales, excluding fuel (two-year stacked)
−Removed: Comparable store sales, adjusted for an additional week in 2022 (individual year)
−Removed: Comparable store sales, adjusted for an additional week in 2022 (two-year stacked)
Comparable store sales, adjusted for an additional week in 2022, excluding fuel (individual year)
Comparable store sales, adjusted for an additional week in 2022, excluding fuel (two-year stacked)
+Added: Comparable store sales, adjusted for an additional week in 2022 (individual year)
+Added: Comparable store sales, adjusted for an additional week in 2022 (two-year stacked)
+Added: Comparable store sales, excluding fuel (individual year)
+Added: Comparable store sales, excluding fuel (two-year stacked)
+Added: Comparable store sales (individual year)
+Added: Comparable store sales (two-year stacked)
The 2023 and 2021 years were comprised of 52 weeks, whereas the 2022 year was comprised of 53 weeks.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.