Weis Markets Q2 EPS $0.98 Down From $1.27 YoY, Sales $1.18B Up From $1.18B YoY
Portfolio Pulse from Benzinga Newsdesk
Weis Markets (NYSE:WMK) reported Q2 earnings per share (EPS) of $0.98, a 22.83% decrease from $1.27 YoY. Sales remained flat at $1.18 billion, a 0.23% increase YoY.
August 06, 2024 | 9:25 pm
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Weis Markets reported a significant drop in Q2 EPS by 22.83% YoY to $0.98, while sales remained flat at $1.18 billion. This indicates potential profitability issues despite stable revenue.
The significant drop in EPS suggests that Weis Markets is facing profitability challenges, which could negatively impact investor sentiment and the stock price in the short term. The flat sales indicate that revenue growth is not compensating for the decline in earnings.
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IMPORTANCE 80
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