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Weis Markets reports rise in Q2 net income

BY Drug Store News Team

SUNBURY, Pa. Weis Markets reported Monday that its second-quarter net income rose to $20.5 million in the quarter ended June 26, compared with net income of $15.2 million a year earlier.

The company credits improvements in efficiencies and sales for the rise in profit.

Revenue increased 6.2% to $653.7 million. Same-store sales remained unchanged compared to the same period a year ago.

“It is clear the economy continues to be a major concern for our customers, who continue to be extremely cautious in their spending,” said David J. Hepfinger, Weis Markets’ president and CEO.

Weis Markets operates 164 stores in Pennsylvania, Maryland, New York, New Jersey and West Virginia.

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OMI Industries’ Fresh Wave product receives award

BY Allison Cerra

BARRINGTON, Ill. OMI Industries on Friday said its eco-friendly, odor-eliminating product line Fresh Wave has received recognition from iParenting Media.

OMI’ Fresh Wave continuous release crystal gel was awarded the 2010 Excellent Products award in the housewares category. Fresh Wave continuous release crystal gel — made of purified water and plant extracts — is designed to eliminate household odors without the use of chemicals.

The iParenting Media awards program is the only consumer awards program certified by ISO 9001:2000, the internationally recognized standard of quality assurance. Reviewers for the awards are a diverse set of parents, experts, licensed childcare centers and schools nationwide.

“We are thrilled to be named an iParenting Media Award winner. We recognize that receiving this award is one of the highest achievements in the consumer goods industry,” said Philip Coffey, president and managing director at OMI Industries. “Our company is committed to developing odor-eliminating solutions that keep homes and businesses smelling clean without the use of harmful chemicals. This is a significant honor for the Fresh Wave crystal gel and an excellent recognition of the design and manufacturing of our products.”

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Weis Markets board approves quarterly dividend

BY Allison Cerra

SUNBURY, Pa. Weis Markets’ board of directors approved a quarterly dividend of 29 cents per share as of July 19, payable on Aug. 2.

The food retailer operates 164 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.

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