US supermarket group Weis Markets has booked lower sales and earnings for 2013 as a “stagnant” performance from centre-store categories and declining food stamp spending took effect.

The company said sales fell 0.3% in the 52 weeks to 28 December, dropping to US$2.69bn from $2.7bn in the prior year period.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Weis Markets’ earnings decline was steeper. Pre-tax profit fell to $115.9m in 2013, down 11.5% year-on-year. Net earnings dropped 13.1% to $71.7m, dented by one-time charges including a severance agreement with its former CEO.

“While the company’s market share remained stable, the company’s year-to-date results were impacted by the trends affecting its fourth quarter results: stagnant sales performance in key centre store categories, lower comparable store gas sales due to significant fuel price deflation and a decline in SNAP sales, which accelerated in the fourth quarter,” Weis said.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now