Sunbury, Pa. Weis Markets Inc., which operates supermarkets in five mid-Atlantic states, said Wednesday its fourth-quarter earnings nearly doubled as the company helped increase sales through promotions and improved efficiency.
Net income for the quarter ended Dec. 27 jumped to $17 million, from $8.6 million, a year earlier.
Quarterly sales rose 3% to $619.4 million from about $603 million in the fourth quarter of 2007. Same-store sales gained 2.2%.
For the full year, earnings fell 8% to $47 million. Sales rose 4.5% to $2.42 billion from $2.32 billion in the prior year. Same-store sales rose 4.3%.