April 29, 2009 (FinancialWire) — Weis Markets (NYSE: WMK) said it would invest $80 million in its growth over the next year, an increase of 25% over the company’s previous budget.

Company vice chairman Jonathan H. Weis, said “We have eighteen projects in active planning stages and expect to soon begin work on one replacement unit and a new store in the coming months.”

He added that “a substantial portion” of company’s budget will go towards the upgrade of its information technology systems.

The company reported that its 2008 operating income increased $1.5 million or 3%, to $55 million, compared to $53.4 million in 2007. Weiss said it continued to improve in 2009, when the company’s first quarter net income increased 82.4% and its core operating income increased 154%.

Sunbury, Pennsylvania-based Weis Markets is a food retailer operating a total of 154 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.

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