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WMK • CIK 0000105418
merchandise items, such as health and beauty care and household products. The store product selection includes national, local and private brands including natural, gluten-free and organic varieties. The Company advertises its products and promotes its brand through digital and printed circulars; television ads; radio ads; e-mail blasts; and on-line via its web site, social media and mobile applications. The Company promotes competitive pricing by using Everyday Lower Price; Low Price Guarantee; Low, Low Price; Weekly Hot Buys; senior and military discounts; and Loyalty programs. The Loyalty program includes reward points that may be redeemed for discounts on items in store, at the Company’s fuel stations or at one of its third-party fuel station partners. The Company currently owns and operates 202 retail food stores many of which have on-line order customer service. The Company’s operations are reported as a single reportable segment. The majority of the Company’s revenues are generally not seasonal in nature. However, revenues tend to be higher during the major holidays throughout the year. Additionally, extreme weather systems, particularly winter storms, tend to affect sales trends. The following table provides additional detail on the percentage of consolidated net sales contributed by product category for fiscal years 2025, 2024 and 2023, respectively: 2025 2024 2023 Center store (1) 52.6 % 53.7 % 54.4 % Fresh (2) 28.7 28.6 29.1 Pharmacy services 13.6 12.5 11.2 Fuel 5.0 4.9 5.1 Other 0.1 0.3 0.2 Consolidated net sales 100.0 % 100.0 % 100.0 % (1) Consists primarily of groceries, dairy products, frozen foods, beer and wine, and general merchandise items, such as health and beauty care and household products. (2) Consists primarily of meats, seafood, fresh produce, floral, deli products, prepared foods and bakery products. As of December 27, 2025, Weis Markets, Inc. operated 4 stores in Delaware, 52 stores in Maryland, 6 stores in New Jersey, 8 stores in New York, 120 stores in Pennsylvania, 9 stores in Virginia and 3 stores in West Virginia, for a total of 202 retail food stores operating under the Weis Markets trade name. Since the end of 2025, the Company opened a new store location in Waldorf, Maryland in February 2026 and closed a store location in Doylestown, Pennsylvania in March 2026. As of March 12, 2026, the current total store count remains at 202. The Company plans to close a store location in Cumberland, Maryland at the end of March 2026. 1 Table of Contents WEIS MARKETS, INC. Item 1. Business: (continued) All retail food store locations operate as conventional supermarkets. The retail food stores range in size from 8,000 to 71,000 square feet, with an average size of approximately 49,000 square feet. The Company’s store fleet includes a variety of sizes. All stores are branded Weis Markets and provide the same basic offerings scaled to the size of each store. The following summarizes the number of stores by size categories as of year-end: 2025 2025 2024 2024 Square feet Number of stores % of Total Number of stores % of Total Over 55,000 67 33% 64 32% 45,000 to 54,999 70 35% 70 35% 35,000 to 44,999 49 24% 47 24% 25,000 to 34,999 11 5% 12 6% Under 25,000 5 3% 5 3% Total 202 100% 198 100% The Company believes that opening new stores, fuel centers and remodeling current stores are vital for future Company growth. The location and appearance of its stores are important components of attracting new and retaining current customers. On an average basis, the Company has up to three new/relocated stores in the process of being developed and dedicates one third of its capital expenditure budget to new stores and fuel centers annually, excluding acquisitions. Generally, another fifteen to twenty percent of the capital expenditure budget is dedicated to store remodels while the remainder is attributable to supply chain, manufacturing facilities, technology, smaller in-store sales-driven projects, store maintenance, property management, and store support function expenditures.…