Similarly, basic and diluted earnings per share increased to 56 cents per share compared to 52 cents per share for the same period in 2003. For the entire year, net income increased 4.8% to $57.2million, while basic and diluted earnings per share increased 10 cents to $2.11 per share.
Moreover, fourth quarter sales increased 3.1% to $537 million and comparable store sales shot up 3.1% versus the same period in 2003. Weis Markets says this is the 14th consecutive quarterly increase in its comparable store sales.
For the entire year, Weis Markets salesincreased 2.7% to $2.1 billion and comparable store sales increased 3%. Weis Markets, which operates 157 stores in six states,closed one store during 2004.
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