Weis Markets Q1 EPS $0.86 Down From $0.96 YoY, Sales $1.18B Up From $1.15B YoY
Portfolio Pulse from Benzinga Newsdesk
Weis Markets reported a decrease in Q1 EPS to $0.86 from $0.96 YoY, while sales increased to $1.18B from $1.15B YoY.
May 08, 2024 | 10:40 pm
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NEUTRAL IMPACT
Weis Markets reported a 10.42% decrease in EPS to $0.86 from $0.96 YoY, with a 3.06% increase in sales to $1.18B from $1.15B YoY.
The decrease in EPS could be seen negatively by investors, indicating lower profitability. However, the increase in sales suggests growth, potentially offsetting concerns about profitability in the short term. The mixed results lead to a neutral score, as the positive sales growth may balance the negative impact of decreased EPS on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100