What the changes say
- Weis Markets added financial restatement risks due to an inventory overstatement at a single meat plant, alongside new tariff concerns.
What changed since the prior 10-K
New
- NewLegal, Regulatory and Other External Risks
The Company’s operations are exposed to risk from global economic events
Tariffs and government actions could increase material costs, disrupt supply chains, and reduce sales volume.
- NewLegal, Regulatory and Other External Risks
We have concluded that previously issued financial statements as detailed below should not be relied upon and have restated those previously issued financial statements, which has led to unanticipated costs for accounting and legal fees, and may result in certain other risks
Financial statements for multiple periods through 2024 and 2025 must be restated due to an overstatement of inventory at a single meat product manufacturing plant.
- NewLegal, Regulatory and Other External Risks
We are remediating certain internal controls and procedures, which, if not successful, could result in additional misstatements in our financial statements negatively affecting our results of operations
Failure to successfully remediate internal control material weaknesses could lead to additional financial misstatements and restatements.
Reworded
- 25% rewrittenFinancial, Investments and Infrastructure Risks
The Company’s investment portfolio may suffer losses from changes in market interest rates and changes in market conditions which could adversely affect results of operations and liquidity
Equity securities were removed from the description of marketable securities held in the company's investment portfolio.
- 24% rewrittenLegal, Regulatory and Other External Risks
The Company is a controlled Company due to the common stock holdings of the Weis family
The Weis family's combined voting power decreased from approximately 65% as of December 28, 2024, to 61% as of December 27, 2025.
All 17 risk factors
Headings as the filing states them, in filing order.
Other
- 01The Company’s industry is highly competitive. If the Company is unable to compete effectively, the Company’s financial condition and results of operations could be materially affected
- 02Food safety issues could result in the loss of consumer confidence in the Company
- 03The Company may be unable to retain key management personnel
Financial, Investments and Infrastructure Risks
- 04The failure to execute expansion plans could have a material adverse effect on the Company’s business and results of its operations
- 05Item 1a. Risk Factors: (continued)
- 06The Company’s investment portfolio may suffer losses from changes in market interest rates and changes in market conditions which could adversely affect results of operations and liquidity25% rewritten
- 07Unexpected factors affecting self-insurance claims and reserve estimates could adversely affect the Company
- 08Disruptions or cybersecurity breaches in the Company’s information technology systems could adversely affect results of operations
- 09The Company is affected by certain operating costs which could increase or fluctuate considerably, and other potential disruptions
- 10Changes in vendor promotions or allowances, including the way vendors target their promotional spending, and the Company’s ability to effectively manage these programs could significantly impact margins and profitability
Legal, Regulatory and Other External Risks
- 11The trade area of the Company is located within a region and is subject to the economic, social and climate variables of that region
- 12Various aspects of the Company’s business are subject to federal, state and local laws and regulations
- 13The Company’s operations are exposed to risk from global economic eventsNew
- 14Changes in tax laws may result in higher income tax
- 15The Company is a controlled Company due to the common stock holdings of the Weis family24% rewritten
- 16We have concluded that previously issued financial statements as detailed below should not be relied upon and have restated those previously issued financial statements, which has led to unanticipated costs for accounting and legal fees, and may result in certain other risksNew
- 17We are remediating certain internal controls and procedures, which, if not successful, could result in additional misstatements in our financial statements negatively affecting our results of operationsNew
Other Weis Markets 10-Ks
- FY2024 10-K risk factors14 risks
Weis Markets faces intense retail food price competition and regional market concentration in Pennsylvania, Maryland, DC, and New York. The Weis family controls approximately 65 percent of voting power through common stock holdings. Labor costs, wage increases, and self-insurance reserves heavily impact operating results.
Filed Feb 26, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.