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Weis Markets' 10 CapEx at $103M

SUNBURY, PA-The supermarket chain is improving its store base as it continues to report strong sales and earnings.

By Ian Ritter | Updated on April 30, 2010

SUNBURY, PA-Regional grocers are thought, by many retail observers, to face a further squeeze by national competition, discount stores and outlets like drugstores offering more food. Weis Markets isn’t feeling that pain yet though.

The locally based chain of 164 stores in the Mid-Atlantic and Northeast is doing just fine, thank you. Management recently approved a $102.6-million capital expenditure budget for the year, and sales and earnings are in good shape.

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