Jonathan H. Weis, chairman, president, and CEO of Weis Markets announced yesterday the company’s plan to invest $150 million in its growth. Weis noted the company’s efforts to invest in new stores, remodeling, fuel centers, IT upgrades, and smaller projects.
“In 2022, we plan to invest more than $150 million in our capital expenditure program,” Weis said during yesterday's shareholder meeting. “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.”
In the meeting, Weis reviewed the company’s 2021 results, remarking upon the $4.2 billion in net sales, and a 1.7 percent comparable store sales increase in 2021.
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