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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.
−Removed: The Peer group is made up of five retail grocers that the Company feels most closely relate to its size and business profile, including one national grocer the Company believes to be an industry market leader.
+Added: The updated Peer group is made up of six retail grocers that the Company feels most closely relate to its size and business profile, including one national grocer the Company believes to be an industry market leader.
The companies making up the Peer Group, in no particular order, are, Ingles Markets, Inc.;
+Added: Koninklijke Ahold Delhaize N.V., added for the year ending December 28, 2024;
Village Super Market, Inc.;
−Removed: Smart & Final Stores, Inc.
−Removed: (included through June 20, 2019 when it was acquired by Apollo Global Management, LLC);
+Added: SpartanNash Co., added for the year ending December 28, 2024;
Sprouts Farmers Market, Inc.
and The Kroger Company.
+Added: Smart & Final Stores has been removed from the peer group due to the acquisition of the company by Apollo Global Management, LLC in June 2019.
The graph depicts $100 invested at the close of trading on the last trading day preceding the first day of the fifth preceding year in Weis Markets, Inc.
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Weis Markets, Inc.
+Added: Updated Peer Group
+Added: Prior Peer Group
WEIS MARKETS, INC.
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Company Overview
−Removed: Weis Markets is a conventional supermarket chain that operates 197 retail stores with approximately 23 thousand associates located in Pennsylvania and six surrounding states:
+Added: Weis Markets is a conventional supermarket chain that operates 198 retail stores with approximately 22 thousand employees located in Pennsylvania and six surrounding states:
Delaware, Maryland, New Jersey, New York, Virginia, and West Virginia.
−Removed: Approximately 95% of Weis Markets associates are paid an hourly wage.
+Added: Approximately 94% of Weis Markets employees are paid an hourly wage.
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.
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“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.
−Removed: The Company also currently offers home delivery to customers in all 197 of its locations via multiple grocery delivery partners.
+Added: The Company also currently offers home delivery to customers at all 198 of its locations via multiple grocery delivery partners.
Strategic Imperatives
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● Build and Support Human Capital – The Company believes that talent is a business differentiator and is committed to creating a sustainable competitive advantage through the selection, development and promotion of talented, highly motivated people.
−Removed: The Company believes that establishing a learning culture supports its commitment to be an employer of choice and helps drive customer engagement with its associates.
+Added: The Company believes that establishing a learning culture supports its commitment to be an employer of choice and helps drive customer engagement with its employees.
Improvements in the Company’s talent management and development will help drive business impact while providing internal career opportunities.
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The Company will align business functions and processes to enhance key capabilities and to support scalability of operations.
−Removed: Continued investments in information technology systems to improve associate engagement, increase productivity, and provide valuable insight into customer behavior/shopping trends will remain a focus of the Company.
+Added: Continued investments in information technology systems to improve employee engagement, increase productivity, and provide valuable insight into customer behavior/shopping trends will remain a focus of the Company.
The Company believes these systems will continue to play a key role in the measurement of the Company’s strategic decisions and financial returns.
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Management is providing Comparable Store Sales Two-Year Stacked analysis, a non-GAAP measure, because Management believes this metric is useful to investors and analysts.
−Removed: A Comparable Store Sales Two-Year Stacked analysis presents a comparison of results and trends over a longer period of time to demonstrate the effect of the novel coronavirus pandemic on the operating results of the Company.
Information presented in the tables below is not intended for use as an alternative to any other measure of performance.
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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.