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Weis Markets has unveiled a $140 million cap ex investment in 2016 for new stores, remodels, supply chain improvements and continued information technology upgrades.
“Over the next year, we plan to build three new stores and complete 20 remodels," Chairman and CEO Jonathan H. Weis said at the company's annual shareholders meeting. "We will also build three Gas N’ Go locations. Our budget also includes record technology investments.”
Noting that the Sunbury, Pa.-based grocer posted $2.9 billion in sales, a 3.6 percent increase, buoyed by a 3.7 percent increase in comps, Weis continued, "We are encouraged by our results and are grateful to our associates who helped us achieve them.”
Weis Markets Inc. operates 162 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.