Weis Markets Delays Filing of 10-K Annual Report
Weis Markets announced that it will delay the filing of its Annual Report on Form 10-K for the 52-week fiscal year ended December 27, 2025. The filing is delayed because the company requires additional time to complete a review and analysis of the impact to, and associated restatement of, its historical financial statements related to the incorrect recording of certain overstated inventory amounts. The company continues to work diligently to complete the remaining review and restatement procedures. The company expects to file its Annual Report on Form 10-K for the 52-week fiscal year ended December 27, 2025, including all required restated financial statements, no later than March 12, 2026; however, the timing of the filing may be subject to further delay, and the company cannot provide assurance regarding the definitive filing date while this work remains in progress. At this time, the company estimates that the incorrect recording of overstated inventory is up to $22M as of the quarter ended September 27, 2025 which is an aggregation of an error that accumulated over multiple reporting periods. As of the quarter ended September 27, 2025, the aggregated estimate amount represents approximately 6.7% of Inventories within Current Assets and approximately 1.1% of Total Assets on the Consolidated Balance Sheet. These estimated adjustments are preliminary, and while the Company currently expects to report such estimated adjustments, there can be no assurance that the final adjustments made as part of any restatement will not differ materially from these estimates. In the interest of providing shareholders with relevant and timely information, the company is disclosing certain preliminary unaudited net sales results. Net sales and other revenue totaled $4.96B for the 52-week fiscal year ended December 27, 2025, compared with $4.79B for the 52-week fiscal year ended December 28, 2024, an increase of 3.5%. Fiscal year 2025 comparable store sales excluding fuel increased 2.1% on an individual year-over-year basis and increased 4% on a two-year stacked basis.
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- Oversold Indicator: Weis Markets (WMK) shares entered oversold territory on Monday with an RSI of 28.9, indicating that the recent heavy selling may be exhausting, prompting investors to look for buying opportunities.
- Price Fluctuation: WMK shares traded as low as $61.345, with the current price at $61.42, reflecting a 52-week low of $61.345 and a high of $90.2299, highlighting significant price volatility.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 36.7, WMK's 28.9 RSI indicates a more pronounced oversold condition, potentially attracting investors looking for a rebound.
- Investor Sentiment: While market sentiment remains cautious, WMK's oversold status may present potential entry points for investors, particularly if the market rebounds, which could lead to price recovery opportunities.
- Legal Investigation Initiated: Bragar Eagel & Squire, P.C. is investigating Weis Markets (WMK) for potential violations of federal securities laws and other unlawful business practices, indicating significant investor concerns regarding the company's compliance.
- Financial Restatement: On February 26, 2026, Weis Markets disclosed that its audited financial statements for fiscal years 2022 through 2024 will be restated due to inaccurately recorded inventory, raising questions about the company's financial transparency.
- Significant Stock Price Decline: Following the announcement of the restatement, Weis Markets' stock price plummeted from $71.51 on February 25, 2026, to $66.39, a decrease of 7.16%, reflecting investor pessimism about the company's future outlook.
- Investor Rights Protection: The law firm encourages affected investors to reach out to discuss their legal options, highlighting the potential legal risks the company faces that could impact shareholder rights and further intensifying market scrutiny of its governance structure.
- Financial Restatement: Weis Markets disclosed on February 26, 2026, via an 8-K filing that its audited financial statements for fiscal years 2022 through 2024 will be restated due to inaccurately recorded and overstated inventory, which may lead to a decline in investor confidence and potential legal actions.
- Annual Report Delay: The company announced a delay in filing its 2025 Annual Report on Form 10-K until the review and restatement process is completed, which could negatively impact investor expectations regarding the company's future financial health and stock performance.
- Stock Price Decline: Following these disclosures, Weis Markets' shares experienced a decline on February 26, 2026, reflecting market concerns over the company's financial transparency and management integrity, potentially resulting in investor losses.
- Legal Investigation Initiated: Johnson Fistel, PLLP is investigating whether Weis Markets complied with federal securities laws, and if investors suffered losses from holding Weis Markets stock, they may face claims, which could adversely affect the company's reputation and future financing capabilities.
- Filing Delay: Weis Markets, Inc. announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 27, 2025, due to the need for additional time to review historical financial statements related to inventory errors, with an expected filing by March 12, 2026, though further delays are possible.
- Inventory Error Impact: The company estimates that the incorrect recording of overstated inventory amounts to $22 million as of September 27, 2025, representing approximately 6.7% of current assets' inventories and 1.1% of total assets, which could significantly affect the accuracy of its financial statements.
- Sales Performance Growth: For the fiscal year 2025, net sales totaled $4.96 billion, an increase of 3.5% from $4.79 billion in fiscal year 2024, indicating stable growth in the retail market.
- Comparable Store Sales Analysis: Comparable store sales excluding fuel increased by 2.1% year-over-year for fiscal year 2025 and 4.0% on a two-year stacked basis, reflecting the company's strong sales performance in a competitive market.
- Filing Delay: Weis Markets, Inc. announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 27, 2025, due to the need for additional time to review and analyze inventory errors, with an expected filing by March 12, 2026.
- Inventory Error Impact: The company estimates that the incorrect recording of inventory amounts to $22 million as of September 27, 2025, representing 6.7% of current assets' inventories and 1.1% of total assets, indicating a significant impact on financial statements.
- Sales Performance Disclosure: Despite the filing delay, the company disclosed net sales of $4.96 billion for the fiscal year 2025, reflecting a 3.5% increase compared to the previous year, demonstrating stable growth in the retail market.
- Comparable Store Sales Growth: For fiscal year 2025, comparable store sales excluding fuel increased by 2.1% year-over-year and 4.0% on a two-year stacked basis, indicating strong performance amid competitive pressures in the retail sector.









