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Weis Markets reports 2Q profit rise

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Sunbury, Pa. Grocer Weis Markets Inc. reported Monday that its second-quarter net income rose to $20.5 million in the quarter ended June 26, compared with net income of $15.2 million a year earlier.

The company credits improvements in efficiencies and sales for the rise in profit.

Revenue increased 6.2% to $653.7 million. Same-store sales remained unchanged compared to the same period a year ago.

"It is clear the economy continues to be a major concern for our customers, who continue to be extremely cautious in their spending," said David J. Hepfinger, Weis Markets' president and CEO.

Weis Markets operates 164 stores in Pennsylvania, Maryland, New York, New Jersey and West Virginia.