Weis Markets Inc. (WMK) 2003年年度报告「NYSE」.pdf

1、2003Annual ReportIn 2003,Weis Markets continued to improve its position in the market place,increasing its overall sales and comparablestore sales,and exceeding the performance of many retailersin its supermarket peer group.10 Year Dividend Yield942.90%95 2.97%96 2.84%97 2.96%98 2.76%99 2.78%00 2.91

2、%01 3.33%02 3.33%03 3.36%1Financial Highlights(dollars in thousands,except per share amounts)For the Fiscal Years Ended December 27,2003,December 28,2002 and December 29,2001200320022001Net sales$2,042,499$1,999,364$1,971,665Income before provision for income taxes88,20494,68681,847Net income54,5765

3、9,14950,055Cash dividends29,90929,37737,202Shareholders equity575,448552,432525,364Depreciation and amortization46,21947,68250,977Basic and diluted earnings per share2.012.171.55Cash dividends per share$1.10$1.08$1.08At Year-EndShares outstanding27,139,91827,193,53727,203,207Number of grocery stores

4、158160163Number of pet supply stores333333Shareholders Equity(in millions of dollars)99 91800 94801 52502 55203 575Net Sales(in millions of dollars)99 1,99300 2,04201 1,97202 1,99903 2,042Robert F.WeisNorman S.RichIn 2003,Weis Markets continued to improve its position in the market place,increasing

5、its overall sales and comparable store sales,and exceeding the perform-ance of many retailers in its supermarket peer group.During the past year,WeisMarkets sales rose 2.2%to$2.04 billion and comparable store sales increased2.7%.Our sales growth was the result of sustained promotional activity in mo

6、st ofour markets,the increasingly effective performance of our perishable departmentsand our ability to compete effectively for center store sales.We also continued todeliver strong returns to our shareholdersincreasing our dividend by 3.7%.In2003,our dividend yield was 3.4%.We achieved these result