WEIS MARKETS INC Leases Disclosure
Note 5 Lease Commitments
The following is a schedule of the lease costs included in “Operating, general and administrative expenses” for the fiscal years ended December 27, 2025, December 28, 2024, and December 30, 2023.
52 Weeks Ended | 52 Weeks Ended | 52 Weeks Ended | |||||||
(amounts in thousands) |
|
| December 27, 2025 |
|
| December 28, 2024 |
|
| December 30, 2023 |
Operating lease cost | $ | 46,548 | $ | 46,179 | $ | 47,187 | |||
Variable lease cost | 11,680 | 11,079 | 11,335 | ||||||
Lease or sublease income | (11,311) | (10,572) | (10,210) | ||||||
Net lease cost | $ | 46,917 | $ | 46,686 | $ | 48,312 | |||
The following is a schedule by year of the future minimum rental payments required under operating leases and total minimum sublease and lease rental income to be received as of December 27, 2025.
(amounts in thousands) | | Leases | | Subleases | |
2026 | $ | 47,882 | $ | (5,792) | |
2027 | 42,921 | (5,012) | |||
2028 | 35,174 | (3,653) | |||
2029 | 26,296 | (2,725) | |||
2030 | 16,459 | (2,085) | |||
Thereafter | 34,273 | (1,973) | |||
Total lease payments | $ | 203,005 | $ | (21,240) | |
Less: interest | 30,911 | - | |||
Present value of lease liabilities | 172,094 | (21,240) | |||
The following is a schedule of weighted-average remaining lease terms and weighted-average discount rates as of December 27, 2025, December 28, 2024, and December 30, 2023.
Lease Term and Discount Rate | | December 27, 2025 | | December 28, 2024 | | December 30, 2023 |
Weighted-average remaining lease term | 3.68 | 3.56 | 3.63 | |||
Weighted-average discount rate | 4.14% | 4.08% | 3.43% |
The following is a schedule of supplemental cash flow information related to leases as of December 27, 2025, December 28, 2024, and December 30, 2023.
(amounts in thousands) | | December 27, 2025 | | December 28, 2024 | | December 30, 2023 |
Cash paid for amounts included in the measurement of operating lease liabilities | 47,726 | 47,203 | 48,476 | |||
Right of use assets obtained in exchange for operating lease liabilities | 45,241 | 40,163 | 39,928 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Mar 11, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 14, 2019 | |
| 2017 | Mar 15, 2018 | |
| 2016 | Mar 16, 2017 | |
| 2015 | Mar 18, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.