As part of its capital expenditure plan for 2022, Weis Markets will invest $150 million in new stores, remodels, fuel centers, information technology upgrades and smaller store improvement projects, CEO Jonathan Weis said during the Sunbury, Pa.-based retailer’s annual shareholder meeting on April 28.
“This budget includes four new stores, some of which will be completed in the coming years, one expansion, five major remodels and eight fuel centers,” Weis said.
During the meeting, Weis reviewed the company’s progress in 2021, during which it opened replacement stores in Gap, Bethlehem and Macungie, Penn., along with a new store in Martinsburg, W.Va. Weis last year alsocompleted 13 major remodels, opened nine fuel centers and finished work on more than 1,100 retail store projects to improve efficiencies and customer experience.
“The past two years have been an enormously challenging time for us, but our team has held up well and has done extraordinary things on a daily basis,” said Weis. “Today, Weis associates in every part of our company are helping us feed the communities we serve and grow our business. We are proud and grateful.”
For fiscal 2021, Weis said its growth program, along with strong supply chain performance, disciplined merchandising and consistent in-store conditions, helped it “generate a record $4.2 billion in net sales and a 1.7% comparable-store sales increase in 2021, exceeding record results in 2020.” He added that on a two-year stacked basis, Weis' sales increased 18.1%.
Founded in 1912, Weis Markets Inc. is a Mid Atlantic food retailer with 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York West Virginia and Virginia.