<p>Weis Markets has reported its third quarter financials for the thirteen-week period ending September 28, 2013. Compared to the same period in 2012, third quarter net income declined 31.9% to $11.7 million and quarter earnings per share totaled $.43 compared to $.64 in 2012. Weis attributed its decline in net income to a $6.1 million charge for the separation agreement of its former CEO David Hepfinger. Its third quarter net income was also impacted by a $2.1 million impairment loss for four properties.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Weis' sales declined 1.0% to $661.4 million, compared to the same period in 2012. Comparable store sales for the same period were down 2.9%, according to a press release. The retailers third quarter results were impacted by stagnant sales performance in select center store categories and significant fuel deflation.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">To drive fourth quarter sales throughout its five state market area, Weis has recently stepped up its promotional and sales building activities. The retailer has also expanded its loyalty marketing programs. For the year net income decreased 7.3% from $60.4 million in 2012 to $56.0 million. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>How will Weis fare in the 4th quarter? Stay tuned to AndNowUKnow to find out.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.prnewswire.com/news-releases/weis-markets-reports-third-quarter-results-230253511.html" target="_new">Weis</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
