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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 10-Q

Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the quarterly period ended June 26, 2004
  OR
[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from __________to_________
  Commission File Number 1-5039

WEIS MARKETS, INC.
(Exact name of registrant as specified in its charter)

 

PENNSYLVANIA
(State or other jurisdiction of incorporation or organization)
  24-0755415
(I.R.S. Employer Identification No.)
1000 S. Second Street
P. O. Box 471
Sunbury, Pennsylvania
(Address of principal executive offices)
 

17801-0471
(Zip Code)

 

Registrant's telephone number, including area code: (570) 286-4571         Registrant's web address: www.weismarkets.com

Not Applicable
(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.   Yes [X]  No   [   ]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Common Stock, No Par Value                                                                               27,080,889 shares
                                                                                                                   (Outstanding at end of period)

 


Table of Contents

WEIS MARKETS, INC.

TABLE OF CONTENTS

 

 

  
FORM 10-Q Page
Part I. Financial Information  
  Item 1. Financial Statements  
    Consolidated Balance Sheets 1
    Consolidated Statements of Income 2
    Consolidated Statements of Cash Flows 3
    Notes to Consolidated Financial Statements 4
  Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 5
  Item 3. Quantitative and Qualitative Disclosures about Market Risk 7
  Item 4. Controls and Procedures 7
Part II. Other Information  
  Item 6. Exhibits and Reports on Form 8-K 8
Signatures 8
Exhibit 31.1 Rule 13a-14(a) Certification- CEO  
Exhibit 31.2 Rule 13a-14(a) Certification- CFO  
Exhibit 32 Certification Pursuant to 18 U.S.C. Section 1350  
   
         


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PART I - FINANCIAL INFORMATION
WEIS MARKETS, INC.
CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
 
    June 26, 2004     December 27, 2003  
    (unaudited)        
Assets            
Current:            
  Cash $ 3,688   $ 3,452  
  Marketable securities   106,436     87,095  
  Accounts receivable, net   30,679     34,111  
  Inventories   158,722     173,552  
  Prepaid expenses   4,726     3,987  
  Income taxes recoverable   3,214     ---  
  Deferred income taxes           3,722             4,793  
            Total current assets       311,187         306,990  
Property and equipment, net   414,925     414,172  
Goodwill, intangible and other assets         22,666           23,153  
  $     748,778   $     744,315  
Liabilities            
Current:            
  Accounts payable $ 81,882   $ 95,238  
  Accrued expenses   25,282     20,156  
  Accrued self-insurance   19,419     17,710  
  Payable to employee benefit plans   9,527     9,626  
  Income taxes payable           ---                  1,955  
            Total current liabilities   136,110     144,685  
Deferred income taxes         24,651           24,182  
Shareholders' Equity            
  Common stock, no par value, 100,800,000 shares authorized,            
     32,990,157 and 32,989,507 shares issued, respectively   7,990     7,971  
  Retained earnings   717,646     702,961  
  Accumulated other comprehensive income            
    (Net of deferred taxes of $3,051 in 2004 and $3,140 in 2003)           4,302             4,428  
    729,938     715,360  
  Treasury stock at cost, 5,909,268 and 5,849,589 shares, respectively     (141,921 )      (139,912 )
            Total shareholders' equity       588,017         575,448  
  $     748,778   $     744,315  
             
See accompanying notes to consolidated financial statements.            

Page 1 of 8 (Form 10-Q)


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WEIS MARKETS, INC.
CONSOLIDATED STATEMENTS OF INCOME
(unaudited)
(dollars in thousands except share and per share amounts)
           
    Three Months Ended   Six Months Ended  
    June 26, 2004   June 28, 2003   June 26, 2004   June 28, 2003  
Net sales $ 521,374 $ 507,981 $ 1,042,043 $ 1,017,052  
Cost of sales, including warehousing and distribution expenses        384,651        373,535        768,896       749,477  
    Gross profit on sales   136,723   134,446   273,147   267,575  
Operating, general and administrative expenses        118,325        117,302        234,121        228,982  
    Income from operations   18,398   17,144   39,026   38,593  
Investment income   470   387   765   616  
Other income, net            2,773            4,722            7,887           8,481  
    Income before provision for income taxes   21,641   22,253   47,678   47,690  
Provision for income taxes            7,997            8,474          17,799          18,128  
    Net income $        13,644 $        13,779 $        29,879 $        29,562  
Weighted-average shares outstanding   27,121,109   27,193,546   27,130,342   27,193,541  
Cash dividends per share $ 0.28 $ 0.27 $ 0.56 $ 0.54  
Basic and diluted earnings per share $ 0.50 $ 0.51 $ 1.10 $ 1.09  
See accompanying notes to consolidated financial statements.  
Page 2 of 8 (Form 10-Q)

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WEIS MARKETS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(dollars in thousands)
          Six Months Ended  
  June 26, 2004 June 28, 2003  
Cash flows from operating activities:          
 Net income $ 29,879 $ 29,562  
 Adjustments to reconcile net income to net cash provided by operating activities:          
   Depreciation   19,298   19,679  
   Amortization   2,722   3,374  
   Gain on sale of fixed assets   (99 ) (991 )
   Changes in operating assets and liabilities:          
     Inventories   14,830   15,558  
     Accounts receivable and prepaid expenses   2,693   (712 )
     Income taxes recoverable   (3,214 ) ---  
     Accounts payable and other liabilities   (6,620 ) (9,368 )
      Income taxes payable   (1,955 ) 4,434  
     Deferred income taxes              1,629             (1,375 )
       Net cash provided by operating activities            59,163            60,161  
           
Cash flows from investing activities:          
 Purchase of property and equipment   (25,352 ) (15,924 )
 Proceeds from the sale of property and equipment   3,029   2,621  
 Purchase of marketable securities   (31,926 ) (33,213 )
 Proceeds from maturities of marketable securities   12,370   997  
 Decrease in intangible and other assets                 136                128  
       Net cash used in investing activities           (41,743 )         (45,391 )
           
Cash flows from financing activities:          
 Proceeds from issuance of common stock   19   5  
 Dividends paid   (15,194 ) (14,685 )
 Purchase of treasury stock               (2,009 )          ---        
       Net cash used in financing activities             (17,184 )         (14,680 )
           
Net increase in cash   236   90  
Cash at beginning of period             3,452             3,929  
Cash at end of period $           3,688 $           4,019  
           
See accompanying notes to consolidated financial statements.

Page 3 of 8 (Form 10-Q)

 


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WEIS MARKETS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)

(1) Significant Accounting Policies
Basis of Presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The operating results for the periods presented are not necessarily indicative of the results to be expected for the full year. For further information, refer to the consolidated financial statements and footnotes thereto included in the company's latest annual report on Form 10-K.

(2) Comprehensive Income
The components of comprehensive income, net of related tax, for the period ended June 26, 2004 and June 28, 2003 are as follows:

    Three Months Ended   Six Months Ended  
(dollars in thousands)   2004   2003   2004   2003  
Net income   $ 13,644 $ 13,779   29,879 $ 29,562  
Unrealized gains (losses) on marketable securities                49              981             (126 )            168  
Comprehensive income $       13,693 $       14,760         29,753 $       29,730  

(3) Impairment Charges
In accordance with SFAS No. 144, the company recorded a pre-tax charge for the impairment of long-lived assets of $1.4 million in the second quarter of 2004. The long-lived asset held for sale was a closed store sold on July 7, 2004. These charges are included as a component of other income and adjusted the carrying value of the closed store to its estimated fair market value less cost to sell.

Page 4 of 8 (Form 10-Q)


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WEIS MARKETS, INC.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OPERATING RESULTS

      Total sales for the second quarter ended June 26, 2004 increased 2.6% to $521.4 million compared to sales of $508.0 million in the same quarter of 2003. Sales for the first half of this year increased 2.5% to $1.04 billion compared to $1.02 billion in 2003. Comparable store sales in the second quarter increased 3.2% compared to a 4.1% increase in 2003. Through the first half of the year, the company experienced a 3.1% increase in comparable store sales compared to a 2.7% increase for the same period a year ago.

      Company revenues are generated from the sale of consumer products in our grocery supermarkets and pet supply stores. When calculating the percentage change in comparable store sales, the company defines a new store to be comparable the week following one full year of operation. Relocated stores and stores with expanded square footage are included in comparable sales since these units are located in existing markets. When a store is closed, sales generated from that unit in the prior year are subtracted from total company sales starting the same week of closure in the prior year and continuing from that point forward.

      The favorable sales results for the quarter and year-to-date were a product of a continuing strong performance in the company perishable departments coupled with strong promotional programs throughout its trade area. The second quarter results represent the twelfth consecutive quarterly increase in the company's comparable store sales. Although the company experienced some product cost inflation in the first half of 2004, management does not feel they can accurately measure the full impact of product inflation and deflation on retail pricing due to changes in the types of merchandise sold between periods, shifts in customer buying patterns and the fluctuation of competitive factors.

      Gross profit of $136.7 million at 26.2% of sales, increased $2.3 million or 1.7% versus the same quarter last year and the gross profit rate decreased 0.3%. The year-to-date gross profit at 26.2% of sales increased $5.6 million or 2.1%, while the gross profit rate decreased 0.1%. Cost of sales consists of direct product costs (net of discounts and allowances), warehouse costs, transportation costs and manufacturing facility costs. At this time, management is unaware of any events or trends that may cause a material change to the overall financial operation due to this upward shift in product cost.

      During the first quarter of 2004, the company had a fuel spill at its distribution facility and the estimated cost to clean the spill of $676,000 was charged to cost of sales. To date, the company has expended $346,000 on clean up efforts and believes its original estimate remains accurate. Year-to-date vendor rebates, credits and promotional allowances related to buying and merchandising activities decreased $1.6 million. In contrast, the company reduced its inventory shrink losses by $2.0 million compared to the first half of last year.

      Operating, general and administrative expenses during the second quarter of $118.3 million at 22.7% of sales, increased $1.0 million or 0.9% compared to the same quarter in 2003. As a percentage of sales, operating expenses were 0.4% lower than the second quarter last year. Although year-to-date operating, general and administrative expenses increased $5.1 million compared to the first half of last year, these expenses remained consistent at 22.5% of sales.

     The company's net income was negatively impacted by healthcare cost increases that continue to exceed the inflation rate. Health insurance costs increased $2.2 million during the quarter and $2.6 million year-to-date. Management continues to work on healthcare cost containment strategies to bring these costs back in line with historical performance results. Efforts continue at the company distribution center to improve productivity through technology enhancements and the installation of new ergonomic warehouse product picking racks. The company continues to evaluate several new technology solutions geared to improving inventory control and labor efficiencies in its stores.

       In the second quarter, the company's investment income totaled $470,000 at 0.1% of sales, an increase of $83,000 or 21.4% compared to the same period a year ago. Year-to-date, the company's investment income increased $149,000 or 24.2% to $765,000.

Page 5 of 8 (Form 10-Q)

 


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WEIS MARKETS, INC.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(continued)

OPERATING RESULTS (continued)

      The company's other income is primarily generated from rental income, coupon-handling fees, store service commissions, cardboard salvage, gain or loss on the sale of fixed assets and interest expense. Other income of $2.8 million at 0.5% of sales decreased $1.9 million or 41.3% compared to the same quarter last year. The company incurred a pre-tax impairment loss of $1.4 million during the second quarter of 2004 on a closed store facility, which was sold on July 7, 2004. In the first quarter, the company realized a pre-tax net gain on the sale of fixed assets of $1.5 million, predominately related to the sale of a closed store facility. Year-to-date other income of $7.9 million at 0.8% of sales decreased $594,000 or 7.0% versus a year ago.

      The effective tax rate for the second quarter of 2004 was 37.0% compared with 38.1% in 2003. Year-to-date, the effective tax rate was 37.3% compared to 38.0% in the same period last year.

      For the three-month period ended June 26, 2004, net income of $13.6 million decreased 1.0% compared to the same period last year. Basic and diluted earnings per share of $0.50 for the quarter decreased 2.0% compared to 2003. Year-to-date earnings increased 1.1% from $29.6 million to $29.9 million. Basic and diluted earnings per share in the first half of 2004 increased 0.9% to $1.10 compared to $1.09 generated in the first half of last year.

      As of June 26, 2004, Weis Markets, Inc. operated 157 retail food stores and 33 SuperPetz pet supply stores. The company currently operates supermarkets in Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia. SuperPetz operates stores in Alabama, Georgia, Indiana, Kentucky, Maryland, Michigan, North Carolina, Ohio, Pennsylvania, South Carolina and Tennessee.

LIQUIDITY AND CAPITAL RESOURCES

      During the first six months of 2004, the company generated $59.2 million in cash flows from operating activities compared to $60.2 million for the same period in 2003. Working capital increased $12.8 million or 7.9% since the beginning of the year.

      Net cash used in investing activities in the first half of 2004 totaled to $41.7 million compared to the $45.4 million used in 2003. Capital expenditures for the first half totaled $25.4 million compared to $15.9 million in 2003. At the beginning of the current year, the company estimated that its current year capital expenditure plans would require an investment of $93.2 million. Due to several delays in building plans, the company is reducing this estimate to $75.0 million. The capital expenditure plan includes construction of new superstores, the expansion and remodeling of existing units, the acquisition of sites for future expansion, new technology purchases and the continued upgrade of company processing and distribution facilities.

      Net cash used in financing activities during the first half of 2004 was $17.2 million compared to $14.7 million in 2003. Treasury stock purchases amounted to $2.0 million in the first half of the year compared to no purchases during the same period in the prior year. On April 14, 2004, the Weis Markets' Board of Directors passed a resolution authorizing the repurchase of up to one million shares of the company's common stock. This action supersedes the previous repurchase resolution approved by the Board in 1996 that had a remaining balance of 474,504 shares.

      The company paid its shareholders $15.2 million in cash dividends in the first half of 2004 compared with $14.7 million paid in the first half of last year. At a regular meeting held in July, the Board of Directors unanimously approved a quarterly dividend of $0.28 per share, payable on August 20, 2004 to shareholders of record on August 6, 2004.

     The company has no other commitment of capital resources as of June 26, 2004, other than the lease commitments on its store facilities under operating leases that expire at various dates up to 2024. The company anticipates funding its working capital requirements for the remainder of the year, including its capital expenditure requirements, through internally generated cash flows from operations and without external financing. If the need were to arise for additional funding, the company has a $100 million three-year unsecured Revolving Credit Agreement that was established in October of 2002 for general corporate purposes. At June 26, 2004, the company had no cash borrowings, but did have outstanding letters of credit of approximately $17.6 million under the credit agreement.

Page 6 of 8 (Form 10-Q)

 


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WEIS MARKETS, INC.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(continued)

Critical Accounting Policies

      The company has chosen accounting policies that it believes are appropriate to accurately and fairly report its operating results and financial position, and the company applies those accounting policies in a consistent manner. The Significant Accounting Policies are summarized in Note 1 to the Consolidated Financial Statements included in the 2003 10-K. There have been no changes to the Critical Accounting Policies since the company filed its Annual Report on Form 10 K for the year ended December 27,2003.

FORWARD-LOOKING STATEMENTS

       In addition to historical information, this 10-Q Report may contain forward-looking statements. Any forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. For example, risks and uncertainties can arise with changes in: general economic conditions, including their impact on capital expenditures; business conditions in the retail industry; the regulatory environment; rapidly changing technology and competitive factors, including increased competition with regional and national retailers; and price pressures. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risk factors described in other documents the company files periodically with the Securities and Exchange Commission.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Quantitative Disclosure - There have been no material changes in the company's market risk during the six months ended June 26, 2004. Quantitative information is set forth in Item 7a on the company's Form 10-K under the caption "Quantitative Disclosures About Market Risk," which was filed for the fiscal year ended December 27, 2003 and is incorporated herein by reference.

Qualitative Disclosure - This information is set forth in Item 7a of the company's 10-K under the caption "Liquidity and Capital Resources," within "Management's Discussion and Analysis of Financial Condition and Results of Operations," which was filed for the fiscal year ended December 27, 2003 and is incorporated herein by reference.

ITEM 4. CONTROLS AND PROCEDURES

The Chief Executive Officer and the Chief Financial Officer of the company (its principal executive officer and principal financial officer, respectively) have concluded, based on their evaluation as of a date within 90 days prior to the date of the filing of this Report, that the company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the company in the reports filed or submitted by it under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and include controls and procedures designed to ensure that information required to be disclosed by the company in such reports is accumulated and communicated to the company's management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

There were no significant changes in the company's internal controls or in other factors that could significantly affect these controls subsequent to the date of such evaluation.

Page 7 of 8 (Form 10-Q)

 


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WEIS MARKETS, INC.

 

 Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits.

        Exhibit 31.1 Rule 13a-14(a) Certification - CEO

        Exhibit 31.2 Rule 13a-14(a) Certification - CFO

        Exhibit 32 Certification Pursuant to 18 U.S.C. Section 1350

(b) Reports on Form 8-K - One Form 8-K, Item 12, was filed on April 20, 2004, to announce the first quarter results of the company.

SIGNATURES

 

       Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    WEIS MARKETS, INC.  
    (Registrant)  
       
Date    08/02/2004      /S/Norman S. Rich  
    Norman S. Rich  
    President / Chief Executive Officer  
       
       
Date    08/02/2004      /S/William R. Mills  
    William R. Mills  
    Senior Vice President and Treasurer /  
    Chief Financial Officer / Chief Accounting Officer  
       
       

Page 8 of 8 (Form 10-Q)

 


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EXHIBIT 31.1

WEIS MARKETS, INC.

CERTIFICATION- CEO

I, Norman S. Rich, President/CEO of Weis Markets, Inc., certify that:

1.  I have reviewed this quarterly report on Form 10-Q of Weis Markets, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit
     to state a material fact necessary to make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the periods covered by this quarterly report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report,
     fairly present in all material respects the financial condition, results of operations and cash flows of the
     registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

         a)  designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
              be designed under our supervision, to ensure that material information relating to the registrant, including
              its consolidated subsidiaries, is made known to us by others within those entities, particularly during the
              period in which this quarterly report is being prepared;
         b) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
              report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end
              of the period covered by this report based on such evaluation; and
        c)  disclosed in this report any change in the registrant's internal control over financial reporting that occurred
             during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to
             materially affect, the registrant's internal control over financial reporting; and

5.  The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal
     control over financial reporting, to the registrant's auditors and the audit committee of registrant's board
     of directors (or persons performing the equivalent functions):

         a)  all significant deficiencies and material weaknesses in the design or operation of internal controls over
              financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process,
              summarize and report financial information; and
         b)  any fraud, whether or not material, that involves management or other employees who have a significant
               role in the registrant's internal control over financial reporting.

Date: August 2, 2004                                                                                                        /S/ Norman S. Rich
                                                                                                                                         Norman S. Rich

                                                                                                                                          President/CEO

 


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EXHIBIT 31.2

WEIS MARKETS, INC.

CERTIFICATION- CFO

I, William R. Mills, Senior Vice President and Treasurer/CFO of Weis Markets, Inc., certify that:

1.  I have reviewed this quarterly report on Form 10-Q of Weis Markets, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit
     to state a material fact necessary to make the statements made, in light of the circumstances under which such
     statements were made, not misleading with respect to the periods covered by this quarterly report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report,
     fairly present in all material respects the financial condition, results of operations and cash flows of the
     registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

         a)  designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
              be designed under our supervision, to ensure that material information relating to the registrant, including
              its consolidated subsidiaries, is made known to us by others within those entities, particularly during the
              period in which this quarterly report is being prepared;
         b) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
              report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end
             of the period covered by this report based on such evaluation; and
        c)  disclosed in this report any change in the registrant's internal control over financial reporting that occurred
             during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to
             materially affect, the registrant's internal control over financial reporting; and

5.  The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal
     control over financial reporting, to the registrant's auditors and the audit committee of registrant's board
     of directors (or persons performing the equivalent functions):

         a)  all significant deficiencies and material weaknesses in the design or operation of internal controls over
              financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process,
              summarize and report financial information; and
         b)  any fraud, whether or not material, that involves management or other employees who have a significant
               role in the registrant's internal control over financial reporting.

Date: August 2, 2004                                                                                                      /S/ William R. Mills
                                                                                                                                         William R. Mills
                                                                                                                                      Senior Vice President
                                                                                                                                         and Treasurer/CFO


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EXHIBIT 32

WEIS MARKETS, INC.

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the 10-Q Report of Weis Markets, Inc. (the "company") on Form 10-Q for the quarter ending June 26, 2004, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), We, Norman S. Rich, President / Chief Executive Officer, and William R. Mills, Senior Vice President and Treasurer / Chief Financial Officer, of the company, certify, pursuant to and for purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

/S/ Norman S. Rich
Norman S. Rich
President / CEO
08/02/2004

/S/ William R. Mills
William R. Mills
Senior Vice President and Treasurer / CFO
08/02/2004

A signed original of this written statement required by Section 906 has been provided to Weis Markets, Inc. and will be retained by Weis Markets, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.