Weis Markets (Weis Markets) Gross Margin % : 24.02% (As of Dec. 2023)

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What is Weis Markets Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Weis Markets's Gross Profit for the three months ended in Dec. 2023 was $291 Mil. Weis Markets's Revenue for the three months ended in Dec. 2023 was $1,213 Mil. Therefore, Weis Markets's Gross Margin % for the quarter that ended in Dec. 2023 was 24.02%.

Warning Sign:

Weis Markets Inc gross margin has been in long-term decline. The average rate of decline per year is -1.5%.

The historical rank and industry rank for Weis Markets's Gross Margin % or its related term are showing as below:

WMK' s Gross Margin % Range Over the Past 10 Years
Min: 24.74 Med: 26.56 Max: 27.53
Current: 24.74

During the past 13 years, the highest Gross Margin % of Weis Markets was 27.53%. The lowest was 24.74%. And the median was 26.56%.

WMK's Gross Margin % is ranked better than
56.59% of 311 companies
in the Retail - Defensive industry
Industry Median: 22.74 vs WMK: 24.74

Weis Markets had a gross margin of 24.02% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Weis Markets was -1.50% per year.

Weis Markets Gross Margin % Historical Data

The historical data trend for Weis Markets's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Weis Markets Gross Margin % Chart

Weis Markets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

26.48

26.76

26.41

25.17

24.74

Weis Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															23.61	24.96	25.37	24.62	24.02

Competitive Comparison of Weis Markets's Gross Margin %

For the Grocery Stores subindustry, Weis Markets's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Weis Markets's Gross Margin % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Weis Markets's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Weis Markets's Gross Margin % falls into.

Weis Markets Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Weis Markets's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1161.9	/	4696.95
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4696.95 - 3535.009)	/	4696.95
	=	24.74 %

Weis Markets's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	291.4	/	1212.975
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1212.975 - 921.592)	/	1212.975
	=	24.02 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Weis Markets (NYSE:WMK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Weis Markets had a gross margin of 24.02% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Weis Markets Gross Margin % Related Terms

Thank you for viewing the detailed overview of Weis Markets's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Weis Markets (Weis Markets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Weis Markets Inc (NYSE:WMK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 S. Second Street, P.O. Box 471, Sunbury, PA, USA, 17801-0471

Website

https://www.weismarkets.com

Weis Markets Inc is a U.S.-based company that is principally engaged in retailing food products in Pennsylvania and surrounding states. The company's products consist of center-store goods, fresh goods, pharmacy services, fuel, and other. The center-store goods include groceries, dairy products, frozen foods, alcoholic beverage, and general merchandise items. The fresh goods include meats, seafood, floral, prepared foods, and bakery products. The center-store goods and fresh goods jointly account for the majority of the company's total revenue.

Executives

Robert G. Gleeson	officer: SVP, Merchandising & Marketing	1000 SOUTH 2ND STREET, PO BOX 471, SUNBURY PA 17801
Kurt A Schertle	officer: Sr. VP Merch. and Marketing	1000 SOUTH SECOND STREET, P.O. BOX 471, SUNBURY PA 17801-0471
Michael T Lockard	officer: SVP, CFO and Treasurer	1000 SOUTH 2ND STREET, PO BOX 471, SUNBURY PA 17801
Jennifer Weis	other: Member of a 10% owner group	C/O WEIS MARKETS, INC., 1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801
Zeh Richard Gregory Jr	officer: SVP, Chief Information Officer	1000 SOUTH 2ND STREET, PO BOX 471, SUNBURY PA 17801
Scott F Frost	officer: SVP, Chief Financial Officer	1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801
Wayne S Bailey	officer: Vice President Grocery Merch.
Jonathan H Weis	director, officer: Vice President and Secretary
Dennis G Hatchell	director	305 GREGSON DRIVE, CARY NC 27511
Gerrald B Silverman	director	207 CROSS STREET, BELMONT MA 02478
Lauth Edward John Iii	director	485 SCENERY DRIVE, STATE COLLEGE PA 16801
Harold G Graber	officer: Vice President Real Estate
Patricia R. Weis Marital Trust	10 percent owner	C/O WEIS MARKETS, INC., 1000 SOUTH, SECOND STREET, P.O. BOX 471, SUNBURY PA 17801
Weis Collen Ross	other: Member of a 10% owner group	C/O WEIS MARKETS, INC., 1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801
Kathryn Jane Zox	other: Member of a 10% owner group	1000 SOUTH SECOND STREET, PO BOX 471, SUNBURY PA 17801