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WMK - Weis Markets, Inc.
$85.25
1.12(1.33%)9:00:01 PM 1/30/2023
Weis Markets, Inc. is a Mid-Atlantic food retailer based in Sunbury, Pennsylvania, It currently operates 198 stores with over 23,000 employees in Pennsylvania, Maryland, New York, New Jersey, West Virginia, Virginia, and Delaware. As of December 2017, The Weis family owns 65% of the company stock which has been listed on NYSE since 1965. Weis Markets was founded as Weis Pure Foods in 1912 in Sunbury, Pennsylvania, by two brothers, Harry and Sigmund Weis. Their store has been noted as "revolutionary", as it did not operate on credit—sales were only for cash. At the time, similar stores operated on credit, allowing customers to build a tab that would be paid periodically. Cash sales were a sign of a growing working class earning steady paychecks—and they also helped lower prices by up to 25%.
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