retail news in context, analysis with attitude

• Weis Markets said that its fourth quarter sales were up eight percent to $671.4 million, on same store sales that were up 1.9 percent. Q4 earnings were $15.5 million, down from $17 million during the year-ago period.

The retailer said that its annual profit was up 34 percent to $62.8 million, on annual sales that were up to $2.52 billion from $2.42 billion during the pervious fiscal year. Annual same-store sales were up 1.8 percent.

• CVS Caremark reports that its fourth quarter net income was $1.05 billion, up from $949 million during the same period a year ago. Q4 net revenue was $25.8 million, up seven percent from a year earlier, on same-store sales that were up 4.9 percent.
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