WEIS MARKETS INC Segments Disclosure
Note 8Segment Reporting
The Company manages the business activities on a consolidated basis and has one operating segment: retail. The Company derives all its revenue from sales within Pennsylvania and surrounding states. The Company’s retail segment derives revenues from customers through the retail sale of a range of products including grocery, pharmacy and fuel from company owned supermarkets. See Note 7 for the disaggregation of revenue by product category. The accounting policies of the Company’s single segment are the same as those described in the Company’s Significant Accounting Policies.
Note 8Segment Reporting (continued)
The Company’s chief operating decision maker is the Chief Operating Officer. The chief operating decision maker assesses performance for the segment and decides how to allocate resources based on operating income and net income that is also reported on the accompanying Consolidated Statements of Income. The measure of segment assets used to assess performance and allocate resources is reported on the Consolidated Balance Sheets as total assets. The chief operating decision maker uses operating income and net income to evaluate income generated from segment assets in deciding whether to reinvest profits into the segment, such as for acquisitions. Operating income and net income are used to monitor budget versus actual results. The chief operating decision maker also uses operating income and net income in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment.
The following table presents the retail segment’s revenue, significant segment expenses, and segment operating and net income for the years ended December 27, 2025, December 28, 2024, and December 30, 2023:
2024 | 2023 | ||||||||
(amounts in thousands) | | 2025 | | (As restated) | | (As restated) | |||
Net sales | $ | 4,939,373 | $ | 4,773,880 | $ | 4,696,950 | |||
Other revenue (1) | 18,336 | 17,850 | 17,623 | ||||||
Total revenue | 4,957,709 | 4,791,730 | 4,714,573 | ||||||
Less: | |||||||||
Cost of sales - stores | 3,629,431 | 3,508,283 | 3,491,616 | ||||||
Labor - stores | 445,036 | 425,333 | 410,681 | ||||||
Depreciation and amortization - stores (2) | 97,012 | 90,890 | 88,508 | ||||||
Occupancy - stores | 88,094 | 85,872 | 84,345 | ||||||
All other expense - stores (3) | 328,644 | 312,690 | 276,197 | ||||||
Administration, manufacturing, and property management expense | 135,522 | 131,114 | 122,458 | ||||||
Distribution and transportation | 120,317 | 111,161 | 107,626 | ||||||
Income from operations | 113,653 | 126,386 | 133,141 | ||||||
Other income (expense) (4) | (4,403) | (3,409) | (3,652) | ||||||
Investment income (loss) and interest expense | 14,697 | 21,970 | 13,162 | ||||||
Provision for income taxes | 30,256 | 38,923 | 41,797 | ||||||
Net income | $ | 93,691 | $ | 106,024 | $ | 100,854 | |||
| (1) | Other revenue represents commission income as described in Note 1. |
| (2) | Segment depreciation and amortization expense, for stores and non-stores, for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, was $125 million, $114 million and $108 million, respectively. Segment additions of long-lived assets for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, was $205 million, $169 million and $104 million, respectively. |
| (3) | All other expense consists of all other store controllable and fixed expenses, such as financial services fees, utilities, and outside services. |
| (4) | Other income (expenses) consists of gains (losses) on SERP investments. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.