The following discussion and analysis of Weis Markets, Inc.'s (the "Company")
financial condition and results of operations should be read in conjunction with
the unaudited Consolidated Financial Statements and related notes included in
Item 1 of this Quarterly Report on Form 10-Q, the Company's audited Consolidated
Financial Statements and the related notes included in the Company's Annual
Report on Form 10-K for the year ended December 26, 2015, filed with the U.S.
Securities and Exchange Commission, as well as the cautionary statement
captioned "Forward-Looking Statements" immediately following this analysis.
Weis Markets, Inc. was founded in 1912 by Harry and Sigmund Weis, in Sunbury,
Pennsylvania. Today, the Company ranks among the top 50 food and drug retailers
in the United States in revenues generated. As of June 25, 2016, the Company
operated 162 retail food stores in Pennsylvania and four surrounding states:
Maryland, New Jersey, New York and West Virginia.
Company revenues are generated in its retail food stores from the sale of a wide
variety of consumer products including groceries, dairy products, frozen foods,
meats, seafood, fresh produce, floral, pharmacy services, deli products,
prepared foods, bakery products, beer and wine, fuel, and general merchandise
items, such as health and beauty care (HBC) and household products. The Company
supports its retail operations through a centrally located distribution
facility, its own transportation fleet, three manufacturing facilities and its
administrative offices. The Company's operations are reported as a single
Results of Operations
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