Weis Markets Q4 2024 report reveals a 1.2% increase in net sales to $1.23 billion, with a notable 46% surge in online sales. The year saw strategic enhancements in digital commerce and operational efficiency, aligning with broader market trends and consumer demands.

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Q4 2024 Performance Key Highlights Future Outlook

In Q4 2024, Weis Markets continued to demonstrate strategic execution, achieving a notable increase in net sales and sustained growth in comparable store sales. Total net sales for the quarter reached $1.23 billion, reflecting a 1.2% increase from Q4 2023. The year-over-year and quarter-over-quarter performance showcases the company's resilient adaptation to market dynamics and strategic initiatives aimed at enhancing customer experience and operational efficiency.

 

Q4 2024 Performance

 Net Sales

  • Total Sales: $1.23 billion for Q4 2024.
  • Growth from Previous Quarter: Slight increase attributed to effective marketing and strategic pricing investments.
  • Reasons for Change: Enhanced by sustained price investments and strong advertising efforts.
  • Comparable Sales Performance: Grew by 1.1% year-over-year, with a 1.3% increase on a two-year stacked basis, demonstrating consistent growth amidst fluctuating market conditions.
  • Annual Performance: Total fiscal year sales rose from $4.70 billion in 2023 to $4.77 billion in 2024, marking a 1.6% increase.

Year-over-Year Performance

Q4 2024 vs. Q4 2023:

  • Comparable Store Sales, Excluding Fuel: Increased by 1.1%.
  • Comparable Store Sales (Two-Year Stacked): Showed a growth of 0.3%.

Full Year Comparison:

  • Comparable Store Sales, Excluding Fuel: Rose by 1.9%.
  • Two-Year Stacked Comparison: Increased significantly by 4.2%.

Online Sales

  • Growth: Significant increase of 46% for the year, driven by strategic enhancements to the e-commerce platform and consumer preference for online shopping.

Supply Chain

  • Technological Advancements: Integration of new technologies to enhance supply chain efficiency and responsiveness to market needs.
  • Disruption Management: Effective strategies implemented to overcome previous supply chain disruptions.

Store Remodeling and Fulfillment

  • Developments: Completion of 12 major store development projects and the start of construction on four new stores, aimed at expanding market presence and modernizing facilities.
 

Key Highlights

The fourth quarter demonstrated strong performance in net sales and online growth, with significant gains in net income illustrating effective cost management and operational efficiencies. Strategic store developments and technological integrations have been key in navigating supply chain challenges and meeting consumer demands. Notably, the 46% growth in Weis Markets' online sales aligns with insights from Grocery Doppio's research, which suggests that 13.6% of all grocery sales will be digital and that 76% of US households have used digital channels to shop in the last 12 months, emphasizing the critical role of digital commerce in today's retail landscape.

 

Future Outlook

Weis Markets is poised for continued strategic focus into the next quarter, with ongoing enhancements in digital commerce and AI, aimed at sustaining growth and improving customer engagement in an evolving retail landscape.