Weis Markets, Inc. Delays Annual Report Filing Amid Inventory Restatement – Key Details for Investors

Overview

Weis Markets, Inc. (NYSE: WMK) has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 27, 2025. The company cites the need for additional time to review and analyze the impact and associated restatement of its historical financial statements due to the incorrect recording of certain overstated inventory amounts.

Key Points

• Delayed Filing: The Annual Report for the 52-week fiscal year ended December 27, 2025 will not be filed as initially scheduled. The company expects to complete the filing, including all required restated financial statements, no later than March 12, 2026. However, further delays are possible, and the company cannot guarantee a definitive filing date while the review is ongoing.
• Inventory Restatement: Weis Markets estimates that inventory was overstated by up to \$22 million as of the quarter ended September 27, 2025. This figure represents approximately 6.7% of Inventories within Current Assets and 1.1% of Total Assets on the consolidated balance sheet. The error is an aggregation that accumulated over multiple reporting periods, and the final adjustment may differ materially from these preliminary estimates.
• Preliminary Revenue Results: To provide timely information to shareholders, the company disclosed unaudited net sales figures. Net sales and other revenue totaled \$4.96 billion for the 52-week fiscal year ended December 27, 2025, compared to \$4.79 billion for the prior year—a 3.5% increase. Comparable store sales excluding fuel increased 2.1% year-over-year and 4.0% on a two-year stacked basis.
• Restatement Risks: The company warns that the final restatement figures may differ materially from the current estimates. This uncertainty may impact investor confidence and could influence share price movements.
• Forward-Looking Statements: Weis Markets notes that forward-looking statements are subject to risks and uncertainties, including economic conditions, changes in retail industry trends, regulatory impacts, technology risks (including cybersecurity and data privacy), increased competition, and price pressures. The company undertakes no obligation to update these statements.
• Non-GAAP Metric Disclosure: The two-year stacked comparable store sales analysis is provided as a non-GAAP measure for investor and analyst insight, but it should not be used as a substitute for GAAP operating results.

Potential Shareholder Impact

The delayed filing and inventory restatement are material developments that shareholders should monitor closely. The overstated inventory figure is significant relative to both current assets and total assets, indicating potential issues with internal controls and financial reporting. The uncertainty surrounding the final restatement amount and the timing of the Annual Report filing introduces risk and could influence Weis Markets’ stock price. Investors should also note the preliminary sales growth figures, which suggest continued operational performance despite the reporting challenges.

Company Profile

Founded in 1912, Weis Markets, Inc. operates 203 stores across Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia, and Virginia. For more information, visit WeisMarkets.com or Facebook.com/WeisMarkets.

Disclaimer

This article contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to risks and uncertainties, including those highlighted above. Investors are urged not to place undue reliance on these statements and to review all risk factors disclosed in Weis Markets’ filings with the SEC. This article is for informational purposes only and does not constitute investment advice.

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