WMKWEIS MARKETS INC

Retail-Grocery Stores

Revenue: $5.0B; 3.5% YoY
Operating margin: 2.3%; 13% YoY
EBITDA: $238M; 0.8% YoY
Market cap: $1.8B
Employees: —
Net debt / EBITDA: -0.4×; −$104M net debt
AI in 10-K: 0.3; mentions per 10K words

Takeover score 3 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
221% of net income
Cash flow under 80% of net income
Dilutive SBCNo
—
Over 10% of revenue
Payouts exceed cash flowNo
85% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
3% of assets
Over 40% of assets
Shareholder dissentNo
90% lowest support
Any vote under 80% support

Buyer economics 3 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AIYes
0.3 per 10K words · 15th pct
Bottom quartile of AI mentions in 10-Ks
Net cashYes
Net cash · 0.4× EBITDA
More cash than debt, positive EBITDA
Buyout-sizedYes
$1.8B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$33K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$4.2B	$4.7B	$4.7B	$4.8B	$5.0B	3.5%
Operating income	$147M	$157M	$133M	$126M	$114M	10%
Net income	$109M	$125M	$101M	$106M	$94M	12%
Operating cash flow	$228M	$218M	$202M	$187M	$207M	11%
Capex	$152M	$122M	$104M	$161M	$202M	25%
Buybacks	—	—	—	—	$140M
Dividends	$34M	$35M	$37M	$37M	$35M	4.0%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Jun 10, 2025	WEIS JONATHAN H	SCHEDULE 13D/A	21.5%	Passive
Jun 10, 2025	Weis Patricia G. Ross	SCHEDULE 13D/A	0.1%	Passive
Jun 9, 2025	Weis Colleen Ross	SCHEDULE 13D/A	5.0%	Passive
Jun 9, 2025	Weis Jennifer	SCHEDULE 13D/A	5.2%	Passive

Insider trading

Open-market buys, 12 mo: $33K · 1
Open-market sells, 12 mo: $0 · 0
Net: $33K

Pay vs performance

No pay-versus-performance disclosure yet.