Sunbury, Pa. Weis Markets vice chairman Jonathan H. Weis said the company increased its 2010 capital expenditure budget to $102.8 million, a 27% increase compared with 2009.
Weis said the majority of this budget would be invested in the company's store base. The company plans 27 projects in 2010 including two to three new stores, two expansions, 17 major remodels and six remodels.
The company's operating income increased 43% in 2009, compared with the previous year. Weis Markets has achieved six consecutive quarters of strong solid operating results through first quarter 2010.
The company's cap ex budget includes an increased investment in its information technology infrastructure.