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<SEC-DOCUMENT>0000105418-06-000013.txt : 20060303
<SEC-HEADER>0000105418-06-000013.hdr.sgml : 20060303
<ACCEPTANCE-DATETIME>20060303150245
ACCESSION NUMBER:		0000105418-06-000013
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051231
FILED AS OF DATE:		20060303
DATE AS OF CHANGE:		20060303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WEIS MARKETS INC
		CENTRAL INDEX KEY:			0000105418
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-GROCERY STORES [5411]
		IRS NUMBER:				240755415
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1226

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05039
		FILM NUMBER:		06663510

	BUSINESS ADDRESS:	
		STREET 1:		1000 S SECOND ST
		STREET 2:		PO BOX 471
		CITY:			SUNBURY
		STATE:			PA
		ZIP:			17801
		BUSINESS PHONE:		570-286-4571

	MAIL ADDRESS:	
		STREET 1:		1000 S SECOND ST
		STREET 2:		PO BOX 471
		CITY:			SUNBURY
		STATE:			PA
		ZIP:			17801
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>wmk10k2005.htm
<DESCRIPTION>WEIS MARKETS, INC. 2005 ANNUAL REPORT ON FORM 10-K
<TEXT>
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    <title>Weis Markets, Inc. 2005 Form 10K</title>
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    <p><font size="3"><a href="#000">Table of
    Contents</a></font></p>

    <p align="center"><font size="3"><a name="00">UNITED
    STATES<br clear="left"></a>SECURITIES AND EXCHANGE
    COMMISSION<br clear="left">
    Washington, D.C. 20549<b><br clear="left"></b></font></p>

    <p align="center"><font size="3"><b>FORM 10-K<br clear=
    "left"></b></font></p>

    <p><font size="3">(Mark One)</font></p>

    <table cellspacing="0"
           cellpadding="5"
           width="100%">
        <tr>
            <td width="4%"
                align="center"
                valign="top"><font size="3">[X]</font></td>

            <td width="95%"
                align="left"
                valign="top"><font size="2">ANNUAL REPORT PURSUANT
                TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF 1934</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">For the fiscal year
                ended <b>December 31, 2005</b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">OR</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="top"><font size=
                "3">[&nbsp;&nbsp;]</font></td>

            <td align="left"
                valign="top"><font size="2">TRANSITION REPORT
                PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                EXCHANGE ACT OF 1934</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">For the transition
                period from __________to_________</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Commission File Number
                1-5039</font></td>
        </tr>
    </table>

    <p align="center"><font size="5"><b><u>WEIS MARKETS,
    INC</u>.</b></font><font size="3"><br clear="left">
    (Exact name of registrant as specified in its
    charter)</font></p>

    <table cellspacing="0"
           cellpadding="5"
           width="100%">
        <tr>
            <td width="47%"
                align="center"
                valign="top"><font size=
                "3"><u>PENNSYLVANIA<br clear="left"></u>(State or
                other jurisdiction of incorporation or
                organization)</font></td>

            <td width="4%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="47%"
                align="center"
                valign="top"><font size="3"><u>24-0755415<br clear=
                "left"></u>(I.R.S. Employer Identification
                No.)</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="top"><font size="3">1000 S. Second
                Street<br clear="left">
            P. O. Box 471<br clear="left">
            <u>Sunbury, Pennsylvania<br clear="left"></u>(Address
            of principal executive offices)</font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><br clear="left">
            <font size="3"><br clear="left">
            <u>17801-0471<br clear="left"></u>(Zip
            Code)</font></td>
        </tr>
    </table> <font size="3">Registrant's telephone number,
    including area code:&nbsp;<u>(570) 286-4571</u>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registrant's
    web address: www.weismarkets.com</font>

    <p><font size="3">Securities registered pursuant to Section
    12(b) of the Act:<br clear="left"></font></p>

    <table cellspacing="0"
           cellpadding="5"
           width="100%">
        <tr>
            <td width="48%"
                rowspan="2"
                align="center"
                valign="bottom"><font size="3"><u>Title of each
                class</u></font><br clear="left">
            <font size="3">Common stock, no par value</font></td>

            <td width="4%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="47%"
                rowspan="2"
                align="center"
                valign="bottom"><font size="3"><u>Name of each
                exchange on which registered</u><br clear="left">
            New York Stock Exchange</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>
    </table><font size="3">Securities registered pursuant to
    Section 12(g) of the Act&nbsp; <u>None</u></font>

    <p><font size="2">Indicate by check mark if the registrant is a
    well-known seasoned issuer, as defined in Rule 405 of the
    Securities Act. Yes
    [&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;[X]</font></p>

    <p><font size="2">Indicate by check mark if the registrant is
    not required to file pursuant to Section 13 or Section 15(d) of
    the Act. Yes
    [&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;[X]</font></p>

    <p><font size="2">Indicate by check mark whether the registrant
    (1) has filed all reports required to be filed by Section 13 or
    15(d) of the Securities Exchange Act of 1934 during the
    preceding 12 months (or for such shorter period that the
    registrant was required to file such reports) and (2) has been
    subject to such filing requirements for the past 90
    days.&nbsp;&nbsp;&nbsp;Yes
    [X]&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]</font></p>

    <p><font size="2">Indicate by check mark if disclosure of
    delinquent filers pursuant to Item 405 of Regulation S-K is not
    contained herein, and will not be contained, to the best of
    registrant's knowledge, in definitive proxy or information
    statements incorporated by reference in Part III of this Form
    10-K or any amendment to this Form 10-K.&nbsp; [X]</font></p>

    <p><font size="2"
          face="Times New Roman">Indicate by check mark whether the
          registrant is a large accelerated filer, an accelerated
          filer, or a non-accelerated filer. See definition of
          "accelerated filer and large accelerated filer" in Rule
          12b-2 of the Exchange Act.</font></p>

    <p align="center"><font size="2"
          face="Times New Roman">Large accelerated
          filer</font><font size=
          "2">&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2"
          face="Times New Roman">Accelerated
          filer</font><font size="2">&nbsp;&nbsp;&nbsp;[X]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2"
          face="Times New Roman">Non-accelerated
          filer</font><font size=
          "2">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]</font></p>

    <p><font size="2"
          face="Times New Roman">Indicate by check mark whether the
          registrant is a shell company (as defined in Rule 12b-2
          of the Act).</font> <font size="2">Yes
          [&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;[X]</font></p>

    <p><font size="2">The aggregate market value of Common Stock
    held by non-affiliates of the Registrant is approximately
    $533,467,</font><font size="2"
          face="Times New Roman">000 as of June 24, 2005, the last
          business day of the most recently completed second
          quarter.<br clear="left"></font><font size="2">Shares of
          common stock outstanding as of March 1, 2006 -
          27,021,000.<br clear="left"></font></p>

    <p><font size="2">DOCUMENTS INCORPORATED BY
    REFERENCE:&nbsp;&nbsp;Selected portions of the Weis Markets,
    Inc. definitive proxy statement dated March 3, 2006 are
    incorporated by reference in Part III of this Form
    10-K.</font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>&nbsp;&nbsp;WEIS MARKETS,
            INC.</b></font>
        </center>
    </div>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b><u><a name="000">TABLE OF
    CONTENTS</a></u></b></font></p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><font size="3"><a href="#0"></a><a href="#00">FORM
                10-K</a></font></td>

            <td width="21%"
                align="center"
                valign="bottom"><font size=
                "3"><u>Page</u></font></td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#01"></a><a href="#100"></a><a href="#01">Part I</a></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td width="4%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#002"></a><a href="#002"></a><a href="#001">Item
                1. Business</a><a href="#002"></a></font></td>

            <td align="center"
                valign="bottom"><font size="3">1</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td width="4%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="left"
                valign="top"><font size="3"><a href="#0011">Item
                1a. Risk Factors</a><a href="#002"></a></font></td>

            <td align="center"
                valign="bottom"><font size="3">3</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="left"
                valign="top"><font size="3"><a href="#0012">Item
                1b. Unresolved Staff Comments</a><a href=
                "#002"></a></font></td>

            <td align="center"
                valign="bottom"><font size="3">4</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#002"></a><a href="#002">Item 2.
                Properties</a></font></td>

            <td align="center"
                valign="bottom"><font size="3">4</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#003"></a><a href="#003">Item 3. Legal
                Proceedings</a></font></td>

            <td align="center"
                valign="bottom"><font size="3">4</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#004"><font size="3">Item
                4. Submission of Matters to a Vote of Security
                Holders</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">4</font></td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#02"></a><a href="#02"></a><a href="#02">Part
                II</a><a href="#006"></a></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#005"><font size="3">Item
                5. Market for Registrant's Common Equity, Related
                Stockholder Matters and Issuer Purchases of Equity
                Securities</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">5</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#006"><font size="3">Item
                6. Selected Financial Data</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">5</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#007"><font size="3">Item
                7. Management's Discussion and Analysis of
                Financial Condition and Results of
                Operations</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">6</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#0071"></a><a href="#071"></a><a href=
                "#071"></a><a href="#0071">Item 7a. Quantitative
                and Qualitative Disclosures about Market
                Risk</a></font></td>

            <td align="center"
                valign="bottom"><font size="3">10</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#008"><font size="3">Item
                8. Financial Statements and Supplementary
                Data</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">11</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#009"><font size="3">Item
                9. Changes in and Disagreements With Accountants on
                Accounting and Financial Disclosure</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">28</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="left"
                valign="top"><a href="#0091"><font size="3">Item
                9a<font size="3"
                  color="#0000FF"
                  face="Times New Roman"><u>. Controls and
                  Procedures</u></font></font></a></td>

            <td align="center"
                valign="bottom"><font size="3">28</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="left"
                valign="top"><a href="#0092"><font size="3">Item
                9b<font size="3"
                  color="#0000FF"
                  face="Times New Roman"><u>. Other
                  Information</u></font></font></a></td>

            <td align="center"
                valign="bottom"><font size="3">28</font></td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#03"></a><a href="#300"></a><a href="#03">Part
                III</a></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#010"><font size="3">Item
                10. Directors and Executive Officers of the
                Registrant</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">29</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#011"><font size="3">Item
                11. Executive Compensation</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">29</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#012"><font size="3">Item
                12. Security Ownership of Certain Beneficial Owners
                and Management and Related Stockholder
                Matters</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">29</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#013"><font size="3">Item
                13. Certain Relationships and Related
                Transactions</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">29</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#014"><font size="3">Item
                14. Principal Accountant Fees and
                Services</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">29</font></td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><font size="3"><a href=
                "#04"></a><a href="#04">Part IV</a></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#015"><font size="3">Item
                15. Exhibits, Financial Statement
                Schedules</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">30</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="left"
                valign="top"><a href="#0151"><font size="3">Item
                15(c<font size="3"
                  color="#0000FF"
                  face="Times New Roman"><u>)(3). Schedule II -
                  Valuation and Qualifying
                  Accounts</u></font></font></a></td>

            <td align="center"
                valign="bottom"><font size="3">31</font></td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><font size="3"><a href="#05">Signatures</a></font></td>

            <td align="center"
                valign="bottom"><font size="3">32</font></td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#21"><font size=
                "3">Exhibit 21 Subsidiaries of the
                Registrant</font></a></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#231"><font size=
                "3">Exhibit 23.1 Consent of Grant Thornton
                LLP</font></a></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#232"><font size=
                "3">Exhibit 23.2 Consent of Ernst &amp; Young
                LLP</font></a></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#311"><font size=
                "3">Exhibit 31.1 Rule 13a-14(a) Certification -
                CEO</font></a></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#312"><font size=
                "3">Exhibit 31.2 Rule 13a-14(a) Certification -
                CFO</font></a></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#32"><font size=
                "3">Exhibit 32 Certification Pursuant to 18 U.S.C.
                Section 1350</font></a></td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td width="3%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="66%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p align="center">&nbsp;</p>

    <p align="center"><font size=
          "3"><b>&nbsp;</b></font><font size="3"><b><a name=
          "01">PART I</a></b></font></p>

    <p><font size="3"><b><a name="001">Item
    1.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business:</b><br clear="left">
    </font></p>

    <p><font size="3">Weis Markets, Inc. is a Pennsylvania business
    founded by Harry and Sigmund Weis in 1912 and incorporated in
    1924. The company is engaged principally in the retail sale of
    food in Pennsylvania and surrounding states. There was no
    material change in the nature of the company's business during
    fiscal 2005. The company's stock has been traded on the New
    York Stock Exchange since 1965 under the symbol "WMK." The Weis
    family currently owns approximately 64% of the outstanding
    shares. Robert F. Weis serves as Chairman of the Board of
    Directors, and Jonathan H. Weis, son of Robert F. Weis, serves
    as Vice Chairman and Secretary. Both are involved in the
    day-to-day operations of the business.</font></p>

    <p><font size="3">On May 7, 2001, the company repurchased
    approximately 14.5 million shares of its common stock from the
    family of the late Sigfried Weis for approximately $434.3
    million in cash.</font></p>

    <p><font size="3">The company's retail food stores sell
    groceries, dairy products, frozen foods, meats, seafood, fresh
    produce, floral, prescriptions, deli/bakery products, prepared
    foods, fuel and general merchandise items, such as health and
    beauty care and household products. In addition, customer
    convenience is addressed at many locations by offering services
    such as third parties providing in-store banks, laundry
    services and take-out restaurants. The company advertises
    through various media, including circulars, newspapers, radio
    and television. Printed circulars are used extensively on a
    weekly basis to advertise featured items. The company utilizes
    a loyalty card program, "Weis Club Preferred Shopper," which
    provides shoppers with an opportunity to receive discounts,
    promotions and rewards. The company currently owns and operates
    157 retail food stores and a chain of 31 SuperPetz, LLC pet
    supply stores. Since year-end, one retail food store and one
    pet supply store were closed.</font></p>

    <p><font size="3">The percentage of net sales contributed by
    each class of similar products for each of the previous five
    fiscal years was:<br clear="left"></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="12%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Year</u></b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Grocery</u></b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Meat</u></b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Produce</u></b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Pharmacy</u></b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size="3"><b><u>Pet
                Supply</u></b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Other</u></b></font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2005</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">53.93</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">16.18</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">14.79</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">10.21</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2.70</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2.19</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"><font size="3">2004</font></td>

            <td align="center"
                valign="bottom"><font size="3">53.91</font></td>

            <td align="center"
                valign="bottom"><font size="3">16.19</font></td>

            <td align="center"
                valign="bottom"><font size="3">14.58</font></td>

            <td align="center"
                valign="bottom"><font size="3">10.45</font></td>

            <td align="center"
                valign="bottom"><font size="3">2.98</font></td>

            <td align="center"
                valign="bottom"><font size="3">1.89</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2003</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">54.55</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">15.70</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">14.67</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">10.28</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3.18</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1.62</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"><font size="3">2002</font></td>

            <td align="center"
                valign="bottom"><font size="3">55.39</font></td>

            <td align="center"
                valign="bottom"><font size="3">15.29</font></td>

            <td align="center"
                valign="bottom"><font size="3">14.73</font></td>

            <td align="center"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;9.83</font></td>

            <td align="center"
                valign="bottom"><font size="3">3.28</font></td>

            <td align="center"
                valign="bottom"><font size="3">1.48</font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2001</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">57.74</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">15.54</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">12.95</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;8.89</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3.25</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1.63</font></td>
        </tr>
    </table>

    <p><font size="3">Retail food store locations by state and by
    trade name as of year-end are as follows:<br clear=
    "left"></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="16%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size="3"><b><u>Mr.
                Z's</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>King's</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Cressler's</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Scot's</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>State</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Total</u></b></font></td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>Weis
                Markets</u></b></font></td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>Food
                Mart</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Supermarkets</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Marketplace</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Lo-Cost</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Save-A-Lot</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">129</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">101</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">17</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Maryland</font></td>

            <td align="center"
                valign="bottom"><font size="3">23</font></td>

            <td align="center"
                valign="bottom"><font size="3">23</font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">New
                Jersey</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">New York</font></td>

            <td align="center"
                valign="bottom"><font size="3">1</font></td>

            <td align="center"
                valign="bottom"><font size="3">1</font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Virginia</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">West
                Virginia</font></td>

            <td align="center"
                valign="bottom"><font size="3">1</font></td>

            <td align="center"
                valign="bottom"><font size="3">1</font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;Total</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">158</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">130</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">17</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1</font></td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 1 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b><a name="1">Item
    1.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business:
    (continued)</b><br clear="left"></font></p>

    <p><font size="3">All trade names, except Scot's Lo-Cost and
    Save-A-Lot, operate as conventional supermarkets. Scot's
    Lo-Cost operates under a warehouse format, while Save-A-Lot's
    format caters to the price motivated consumer. The retail food
    stores range in size from 8,000 to 66,000 square feet, with an
    average size of approximately 46,000 square feet. The following
    summarizes the number of stores by size categories as of
    year-end:</font></p>

    <table cellspacing="0"
           cellpadding="0">
        <tr>
            <td width="300"
                align="left"
                valign="top"><b><font size="3"><u>Square
                feet</u></font></b></td>

            <td width="107"
                align="left"
                valign="top"><font size="3"><b><u>Number of
                stores</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top"
                bgcolor="#EFEFEF"><font size="3">55,000 to
                66,000</font></td>

            <td align="center"
                valign="top"
                bgcolor="#EFEFEF"><font size="3">23</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">45,000 to
                54,999</font></td>

            <td align="center"
                valign="top"><font size="3">79</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top"
                bgcolor="#EFEFEF"><font size="3">35,000 to
                44,999</font></td>

            <td align="center"
                valign="top"
                bgcolor="#EFEFEF"><font size="3">34</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">25,000 to
                34,999</font></td>

            <td align="center"
                valign="top"><font size="3">14</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top"
                bgcolor="#EFEFEF"><font size="3">Under
                25,000</font></td>

            <td align="center"
                valign="top"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;8</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</font></td>

            <td align="center"
                valign="top"><font size="3">158</font></td>
        </tr>
    </table>

    <p><font size="3">The following schedule shows the changes in
    the number of retail food stores, total square footage and
    store additions/remodels as of year-end:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="27%"
                height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                colspan="2"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2005</u></b></font></td>

            <td height="14"
                colspan="2"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2004</u></b></font></td>

            <td height="14"
                colspan="2"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2003</u></b></font></td>

            <td height="14"
                colspan="2"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2002</u></b></font></td>

            <td height="14"
                colspan="2"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2001</u></b></font></td>

            <td width="8%"
                height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="12"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">Beginning store
                count</font></td>

            <td width="8%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">157</font></td>

            <td width="1%"
                height="12"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td width="12%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">158</font></td>

            <td width="1%"
                height="12"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td width="12%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">160</font></td>

            <td width="2%"
                height="12"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td width="8%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">163</font></td>

            <td width="2%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td width="8%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">163</font></td>

            <td width="2%"
                height="12"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="12"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"><font size="2">New
                stores</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">1</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">1</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">1</font></td>

            <td height="14"
                align="right"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">2</font></td>

            <td height="14"
                align="right"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">Relocations</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">1</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">2</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">1</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">3</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"><font size="2">Closed
                stores</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">(2</font></td>

            <td height="14"
                align="left"
                valign="bottom"><font size="2">)</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">(2</font></td>

            <td height="14"
                align="left"
                valign="bottom"><font size="2">)</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">(2</font></td>

            <td height="14"
                align="left"
                valign="bottom"><font size="2">)</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">(2</font></td>

            <td height="14"
                align="left"
                valign="bottom"><font size="2">)</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">Relocated
                stores</font></td>

            <td height="13"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">(1</font></td>

            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">)</font></td>

            <td height="13"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">(2</font></td>

            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">)</font></td>

            <td height="13"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">(1</font></td>

            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">)</font></td>

            <td height="13"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">(3</font></td>

            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">)</font></td>

            <td height="13"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="13"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"><font size="2">Sold</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;</u></font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;</u></font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;</u></font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2</u></font></td>

            <td height="14"
                align="left"
                valign="bottom"><font size="2">)</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;</u></font></td>

            <td height="14"
                align="right"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">Ending store
                count</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;&nbsp;158</u></font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;&nbsp;157</u></font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;&nbsp;158</u></font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;&nbsp;160</u></font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2"><u>&nbsp;&nbsp;&nbsp;&nbsp;163</u></font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"><font size="2">Total square feet
                (000's), at year-end</font></td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">7,280</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">7,183</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">7,157</font></td>

            <td height="14"
                align="left"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">7,154</font></td>

            <td height="14"
                align="right"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"><font size="2">7,168</font></td>

            <td height="14"
                align="right"
                valign="bottom">&nbsp;</td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">Additions/major
                remodels</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">3</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">2</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">4</font></td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">5</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">6</font></td>

            <td height="14"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td height="14"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3">The company supports the retail operations
    through a centrally located distribution facility, its own
    transportation fleet and four manufacturing
    facilities.&nbsp;&nbsp;The company is required to use a
    significant amount of working capital to provide for the
    necessary amount of inventory to meet demand for its products
    through efficient use of buying power and effective utilization
    of space in the warehouse facilities. The manufacturing
    facilities consist of a meat processing plant, an ice cream
    plant, an ice plant and a milk processing plant.</font></p>

    <p><font size="3">At year-end, SuperPetz, LLC operated 2 stores
    in Alabama, 1 store in Georgia, 1 store in Indiana, 1 store in
    Kentucky, 1 store in Maryland, 2 stores in Michigan, 6 stores
    in Ohio, 1 store in North Carolina, 8 stores in Pennsylvania, 5
    stores in South Carolina, and 4 stores in Tennessee.</font></p>

    <p><font size="3">The business of the company is highly
    competitive. The number of competitors and the variety of
    competition experienced by the company's stores vary by market
    area. National, regional and local food chains, as well as
    independent food stores comprise the company's principal
    competition, although the company also faces substantial
    competition from convenience stores, membership warehouse
    clubs, specialty retailers, supercenters and large-scale drug
    and pharmaceutical chains. The company competes based on price,
    quality, location and service.</font></p>

    <p><font size="3">The company currently has approximately
    18,600 full-time and part-time associates.</font></p>

    <p align="center"><font size="3"><b>Page 2 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b><a name="2">Item
    1.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business:
    (continued)</b><br clear="left"></font></p>

    <p><font size="3"
          face="Times New Roman">The company maintains a web site
          at <i><u>www.weismarkets.com.</u></i> The company makes
          available, free of charge, on the "Corporate Info"
          section of its web site, its annual reports on Form 10-K,
          quarterly reports on Form 10-Q, current reports on Form
          8-K and amendments to those reports filed or furnished
          pursuant to Section 13(a) or 15(d) of the Exchange Act,
          as soon as reasonably practicable after the company
          electronically files such material or furnishes it to the
          U.S. Securities and Exchange Commission
          ("SEC").</font></p>

    <p><font size="3"
          face="Times New Roman">Additionally, the company's annual
          reports and corporate governance materials, including
          governance guidelines; the charters of the Audit and
          Compensation Committees, as well as the Disclosure
          Committee Bylaws; and both the Code of Business Conduct
          and Ethics and the Code of Ethics for the CEO and CFO,
          may be found under the "Corporate Info" section of its
          web site. A copy of the foregoing corporate governance
          materials is available upon written request to the
          company's</font> <font size="3">principal executive
          offices</font><font size="3"
          face="Times New Roman">.</font></p>

    <p><font size="3"><b><a name="0011">Item 1a. &nbsp;Risk
    Factors:</a></b></font></p>

    <p><font size="3"
          face="Times New Roman">In addition to risks and
          uncertainties in the ordinary course of business common
          to all businesses, important factors are listed below
          specific to the company and its industry, which could
          materially impact its future performance.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Competition:</b> The retail
          food industry is intensely price competitive, and the
          competition the company encounters may have a negative
          impact on product retail prices. The financial results
          may be adversely impacted by a competitive environment
          that could cause the company to reduce retail prices
          without a reduction in its product cost to maintain
          market share; thus reducing sales and gross profit
          margins.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Trade Area:</b> The company's
          stores are concentrated in central and northeast
          Pennsylvania, central Maryland and suburban Baltimore
          regions. Changes in economic and social conditions in the
          company's operating regions, including the rate of
          inflation, population demographics and employment and job
          growth, affect customer shopping habits. These changes
          may negatively impact sales and earnings. In addition,
          employment conditions specifically may affect the
          company's ability to hire and train qualified associates.
          Business disruptions due to weather and catastrophic
          events historically have been few. The company's
          geographic regions could receive an extreme variance in
          the amount of annual snowfall that may materially affect
          sales and expense results.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Execution of Expansion
          Plans:</b></font> <font size="3"
          face="Times New Roman">In 2006, the company expects to
          invest $90.6 million for capital expenditures, which
          includes all store, distribution and manufacturing
          projects and equipment purchases. The company is planning
          to build six superstores, including four replacement
          units and will continue to invest in its existing store
          base with fifteen additions and seventeen
          remodels.</font> <font size="3"
          face="Times New Roman">Circumstances outside the
          company's control could negatively impact these
          anticipated capital investments. The company cannot
          determine with certainty whether its new stores will be
          successful. The failure to expand by successfully opening
          new stores as planned, or the failure of a significant
          number of these stores to perform as planned, could have
          a material adverse effect on the company's business and
          results of its operations.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Operating Costs:</b> Associate
          expenses attribute to the majority of its operating costs
          and therefore, the company's financial performance is
          greatly influenced by increasing wage and benefit costs,
          a competitive labor market and the risk of unionized
          labor disruptions of its non-union workforce. The
          company's profit is particularly sensitive to the cost of
          oil. Oil prices directly affect the company's product
          transportation costs, as well as its utility and
          petroleum-based supply costs. The company is extremely
          concerned about the continuing rise in interchange fees
          for accepting credit card payments at the point of
          sale.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Self-Insurance
          Exposure:</b></font> <font size="3"
          face="Times New Roman">The company is self-insured for a
          majority of its workers' compensation, general liability,
          vehicle accident and associate medical benefit claims.
          The company is liable for associate health claims up to a
          lifetime aggregate of $1,000,000 per member and for
          workers' compensation claims up to $2,000,000 per claim.
          Property and casualty insurance coverage is maintained
          with outside carriers at deductible or retention levels
          ranging from $250,000 to $2,000,000.</font> <font size=
          "3"
          face="Times New Roman">Although the company has minimized
          its exposure on individual claims, the company, for the
          benefit of cost savings, has accepted the risk of an
          unusual amount of independent multiple material claims
          arising and having a significant impact on
          earnings.</font></p>

    <p><font size="3"><b>Taxes:</b></font> <font size="3"
          face="Times New Roman">The company's future effective tax
          rate may increase from current rates due to changes in
          laws and the status of pending items with various taxing
          authorities.</font></p>

    <p align="center"><font size="3"><b>Page 3 of 32 (Form
    10-K)</b></font></p>
    <hr>
<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b><a name="0012">Item 1b. &nbsp;Unresolved
    Staff Comments:</a></b></font></p>

    <p><font size="3">There are no unresolved staff
    comments.</font></p>

    <p><font size="3"><b><a name="002">Item 2. &nbsp;
    &nbsp;Properties:</a></b></font></p>

    <p><font size="3">The company currently owns and operates 82 of
    its retail food stores, and leases and operates 75 stores under
    operating leases that expire at various dates through 2024.
    SuperPetz leases all 31 of its retail store locations. The
    company owns all trade</font> <font size="3"
          face="Times New Roman">fixtures and equipment in its
          stores and several parcels of vacant land, which are
          available as locations for possible future stores or
          other expansion.</font></p>

    <p><font size="3"
          face="Times New Roman">The company owns and operates one
          distribution center in Milton, Pennsylvania of
          approximately 1,110,000 square feet, and one in
          Northumberland, Pennsylvania totaling approximately
          76,000 square feet. The company also owns one warehouse
          complex in Sunbury, Pennsylvania totaling approximately
          564,000 square feet of which 290,000 is sublet. The
          company operates an ice cream plant, meat processing
          plant, ice plant and milk processing plant in the
          remaining 274,000 square feet at its Sunbury
          location.</font></p>

    <p><font size="3"
          face="Times New Roman"><b><a name="003">Item
          3.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
          Proceedings:</b></font></p>

    <p><font size="3"
          face="Times New Roman">Neither the company nor any
          subsidiary is presently a party to, nor is any of their
          property subject to, any pending legal proceedings, other
          than routine litigation incidental to the
          business.<br clear="left"></font></p>

    <p><font size="3"
          face="Times New Roman"><b><a name="004">Item
          4.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Submission of
          Matters to a Vote of Security Holders:</b></font></p>

    <p><font size="3"
          face="Times New Roman">There were no matters submitted to
          a vote of security holders during the fourth quarter of
          2005.</font></p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Page 4 of 32 (Form
          10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"
                    face="Times New Roman"><b>WEIS MARKETS,
                    INC.</b></font>
        </center>
    </div>

    <p align="center"><font size="3"
          face="Times New Roman"><b><a name="02">PART
          II</a></b></font></p>

    <p><font size="3"
          face="Times New Roman"><b><a name="005">Item
          5.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Market for
          Registrant's Common Equity, Related Stockholder Matters
          and Issuer Purchases of Equity Securities:</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company's stock is traded on
          the New York Stock Exchange (ticker symbol WMK). The
          approximate number of shareholders, including individual
          participants in security position listings, on December
          31, 2005 as provided by the company's transfer agent was
          5,551. High and low stock prices and dividends paid per
          share for the last two fiscal years were:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="22%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>2005</u></b></font></td>

            <td colspan="3"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>2004</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Stock
                  Price</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Dividend</u></b></font></td>

            <td colspan="2"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Stock
                  Price</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Dividend</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Quarter</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>High</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Low</u></b></font></td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Per
                  Share</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>High</u></b></font></td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Low</u></b></font></td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Per
                  Share</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">First</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$39.15</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$36.12</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$.28</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$37.09</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$31.50</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$.28</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Second</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">38.95</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">36.34</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">.28</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">35.60</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">32.80</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">.28</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Third</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">41.68</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">37.14</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">.28</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">36.05</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">31.01</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">1.28</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Fourth</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">44.15</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">36.80</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">.28</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">39.90</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">33.42</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">.28</font></td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman"><b><a name="006">Item
          6.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selected
          Financial Data:</b></font></p>

    <p><font size="3"
          face="Times New Roman">The following selected historical
          financial information has been derived from the company's
          audited consolidated financial statements. This
          information should be read in connection with the
          company's Consolidated Financial Statements and the Notes
          thereto, as well as "Management's Discussion and Analysis
          of Financial Condition and Results of Operations,"
          included in Item 7.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Five Year Review of
          Operations</b></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="34%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>53
                  Weeks</u></b></font></td>

            <td width="2%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks</u></b></font></td>

            <td width="2%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks</u></b></font></td>

            <td width="2%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks</u></b></font></td>

            <td width="2%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks</u></b></font></td>
        </tr>

        <tr>
            <td rowspan="2"
                align="left"
                valign="bottom"><font size="2"
                  face="Times New Roman"><i>(dollars in thousands,
                  except shares, per share amounts and store
                  information)</i></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Ended</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Ended</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Ended</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Ended</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Ended</u></b></font></td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Dec. 31,
                  2005</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Dec. 25,
                  2004</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Dec. 27,
                  2003</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Dec. 28,
                  2002</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Dec. 29,
                  2001</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Net sales</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">2,222,598</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">2,097,712</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">2,042,499</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">1,999,364</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">1,971,665</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Costs and
                  expenses</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;2,143,037</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;2,025,527</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;1,971,878</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;1,919,957</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;1,908,725</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Income from
                  operations</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">79,561</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">72,185</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">70,621</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">79,407</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">62,940</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Investment and other
                  income</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,745</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,418</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,583</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,279</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,907</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Income before provision
                  for income taxes</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">99,306</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">87,603</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">88,204</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">94,686</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">81,847</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Provision for income
                  taxes</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,885</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,412</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,628</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,537</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31,792</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Net income</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">63,421</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">57,191</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">54,576</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">59,149</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">50,055</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Retained earnings,
                  beginning of year</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702,714</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702,961</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678,294</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648,522</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;1,069,986</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">766,135</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">760,152</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">732,870</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">707,671</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">1,120,041</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Stock purchase and
                  cancellation</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">434,317</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Cash dividends</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,270</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,438</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,909</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,377</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,202</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Retained earnings, end of
                  year</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735,865</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702,714</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702,961</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;678,294</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648,522</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Weighted-average shares
                  outstanding, diluted</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;27,033,789</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;27,098,276</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;27,186,277</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;27,202,435</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;32,298,696</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Cash dividends per
                  share</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.08</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.08</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Basic and diluted earnings
                  per share</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.35</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.01</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.55</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Working
                  capital</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163,669</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137,872</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162,305</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114,937</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102,331</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Total assets</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">788,487</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">748,482</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">744,315</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">716,699</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">704,185</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Long-term
                  obligations</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">---</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">25,000</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Shareholders'
                  equity</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">603,857</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">571,700</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">575,448</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">552,432</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">525,364</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Number of grocery
                  stores</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">158</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">157</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">158</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">160</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">163</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Number of pet supply
                  stores</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">32</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">33</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">33</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">33</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">33</font></td>
        </tr>
    </table>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Page 5 of 32 (Form
          10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"
                    face="Times New Roman"><b>WEIS MARKETS,
                    INC.</b></font>
        </center>
    </div>

    <p><font size="3"
          face="Times New Roman"><b><a name="007">Item
          7.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management's
          Discussion and Analysis of Financial Condition and
          Results of Operations:</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>Company Overview</b></font></p>

    <p><font size="3"
          face="Times New Roman">Weis Markets, Inc. was founded in
          Sunbury, Pennsylvania in 1912. Today it is ranked in the
          top 50 food and drug retailers in the United States in
          terms of revenues generated. At the end of fiscal 2005,
          the company was operating 158 retail food stores and 32
          pet supply stores in Pennsylvania and surrounding states.
          Company revenues, income and cash flows are generated in
          the retail food stores from the sale of a wide variety of
          consumer products including groceries, dairy products,
          frozen foods, meats, seafood, fresh produce, floral,
          prescriptions, deli/bakery products, prepared foods,
          fuel, general merchandise, health and beauty care and
          household products. The pet supply stores offer a broader
          assortment of pet supply products compared to the
          company's retail food stores. The company supports its
          retail operations through a centrally located
          distribution facility, transportation fleet, four
          manufacturing facilities and its administrative
          offices.</font></p>

    <p><font size="3"
          face="Times New Roman">The following analysis should be
          read in conjunction with Financial Statements included in
          the 2005 Quarterly Reports on Form 10-Q and the 2004
          Annual Report on Form 10-K filed with the U. S.
          Securities and Exchange Commission, as well as the
          cautionary statement captioned "Forward-Looking
          Statements" immediately following this
          analysis.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Results of
          Operations</b></font></p>

    <p><font size="3"
          face="Times New Roman">Total company sales in the 53-week
          year ending December 31, 2005 of $2.223 billion,
          increased $124.9 million or 6.0% compared to sales of
          $2.098 billion generated in fiscal 2004, a 52-week year.
          Excluding the one additional week in the current year,
          comparable store sales increased 4.0% compared to 2004.
          Sales in 2004 increased 2.7%, or $55.2 million, compared
          to 2003, also a 52-week year. Comparable store sales in
          2004 increased 3.0% compared to 2003.</font></p>

    <p><font size="3"
          face="Times New Roman">When calculating the percentage
          change in comparable store sales, the company defines a
          new store to be comparable the week following one full
          year of operation. Relocated stores and stores with
          expanded square footage are included in comparable sales
          since these units are located in existing markets and are
          open during construction. When a store is closed, sales
          generated from that unit in the prior year are subtracted
          from total company sales starting the same week of
          closure in the prior year and continuing from that point
          forward.</font></p>

    <p><font size="3"
          face="Times New Roman">The sales increases in the years
          presented were driven by growth in store square footage,
          customer count, sales per customer transaction and
          inflation. The favorable sales results were heavily
          impacted by a continuing strong performance from the
          store perishable departments in all three years. The
          company generated similar percentage increases from its
          non-perishable or center store sales in 2005 as it did
          with perishable department sales. Although the company
          experienced some product cost inflation in 2005,
          management does not feel it can accurately measure the
          full impact of product inflation and deflation on retail
          pricing due to changes in the types of merchandise sold
          between periods, shifts in customer buying patterns and
          the fluctuation of competitive factors.</font></p>

    <p><font size="3"
          face="Times New Roman">Gross profit dollars generated
          from sales in 2005 increased $37.0 million, or 6.7%, to
          $586.5 million compared to 2004, which increased $12.9
          million compared to 2003. Gross profit as a percentage of
          sales remained consistent at 26.4%, 26.2% and 26.3% in
          2005, 2004 and 2003, respectively.</font></p>

    <p><font size="3"
          face="Times New Roman">Cost of sales consists of direct
          product costs (net of discounts and allowances),
          warehouse costs, transportation costs and manufacturing
          facility costs. In the past several years, many vendors
          have converted promotional incentives to reimbursements
          based upon sales movement data recorded at the point of
          sale rather than for cases purchased. Management expects
          this to be a continuing trend that will have no impact on
          the company's overall gross profit results.</font></p>

    <p><font size="3"
          face="Times New Roman">The company continues to implement
          operational initiatives to reduce inventory shrink losses
          in its retail facilities and will begin installation of a
          new exception reporting and performance management
          application in the first quarter of 2006 to further
          improve company gross profit results.</font></p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Page 6 of 32 (Form
          10-K)</b></font></p>
    <hr>
<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"
                    face="Times New Roman"><b>WEIS MARKETS,
                    INC.</b></font>
        </center>
    </div>

    <p><font size="3"
          face="Times New Roman"><b><a name="10">Item
          7.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management's
          Discussion and Analysis of Financial Condition and
          Results of Operations: (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>Results of Operations
          (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company continues to self
          distribute from its 1.1 million square foot distribution
          center located in Milton, Pennsylvania. In 2004, the
          company made a capital investment into ergonomic
          warehouse racks, improved lighting, and a hands-free
          voice directed order selection solution in its
          distribution center. As a result of this investment, the
          company substantially improved safety conditions, order
          selection accuracy and associate productivity in 2005.
          This investment also resulted in better in-stock
          conditions at store level. In 2005, the company made
          several transportation improvements reducing the number
          of store loads by approximately 5.0%, partially negating
          the impact of increased fuel costs which surged 26.5%
          compared to 2004. The company also completed the roll out
          of several other technology initiatives at its
          distribution center to improve inventory control and
          labor efficiencies in 2005 including a new tractor and
          trailer yard management system. In addition, the company
          completed the installation of on-board computer systems
          in its trucks, which improves fuel economy, provides real
          time fleet visibility, monitors engine maintenance
          requirements and produces driver logs.</font></p>

    <p><font size="3"
          face="Times New Roman">Management is unaware of any other
          events or trends that may materially impact its sales or
          product costs that would cause a material change to the
          overall financial operation of the company.</font></p>

    <p><font size="3"
          face="Times New Roman">Operating, general and
          administrative expenses in 2005 increased $29.6 million
          to $506.9 million, but have remained consistent as a
          percentage of sales at 22.8% in 2005, 2004 and 2003.
          Labor and benefit costs, which helped to generate higher
          sales volume in 2005, accounted for $18.6 million of the
          total increase in expenses. Utilities increased $3.3
          million or 9.5% in 2005 and store supply costs increased
          $2.2 million or 13.0%, partially due to rising costs for
          petroleum based products. Interchange fees for accepting
          credit and debit cards increased $1.5 million or 17.3% in
          2005. Depreciation and amortization increased $3.8
          million or 8.1% primarily due to higher 2004 capital
          expenditures and the use of an accelerated depreciation
          method for both book and tax purposes.</font></p>

    <p><font size="3"
          face="Times New Roman">In 2005, the company's investment
          income increased $1.8 million or 110.8%, to $3.4 million.
          The company realized a long-term gain of $422,000 on the
          sale of equities from its investment portfolio during the
          year. Company funds grew in 2005 as capital expenditures
          were lower than expected, thus increasing the amount
          available to be invested in a higher yielding market. In
          2004, the company's investment income of $1.6 million
          increased $397,000, or 32.5%, compared to
          2003.</font></p>

    <p><font size="3"
          face="Times New Roman">The company's other income is
          primarily generated from rental income, coupon-handling
          fees, store service commissions, cardboard salvage, gain
          or loss on the disposition of fixed assets and interest
          expense. Other income of $16.3 million, or .7% of sales,
          increased $2.5 million, or 18.4%, compared to 2004. Other
          income in 2004 decreased $2.6 million or 15.7%, compared
          to 2003. In 2004, the company realized a pre-tax loss of
          $1.4 million on the disposal of fixed assets.</font></p>

    <p><font size="3"
          face="Times New Roman">The company's combined federal and
          state effective income tax rate was 36.1% in 2005, 34.7%
          in 2004 and 38.1% in 2003. During 2003, the Internal
          Revenue Service completed its routine audit of the
          company's federal income tax returns for the years 1997
          through 2001, and the resulting settlement did not have a
          material impact on 2003 income tax expense. The company's
          effective tax rate decreased from 2003 to 2004 due to a
          change in estimate related to the final settlement of
          certain income tax audits during 2004, resulting in a
          $2.5 million increase in net income.</font></p>

    <p><font size="3"
          face="Times New Roman">Net income in 2005 was $63.4
          million or 2.9% of sales compared to $57.2 million or
          2.7% of sales in 2004 and $54.6 million or 2.7% of sales
          in 2003. Basic and diluted earnings per share of $2.35 in
          2005 compared to $2.11 in 2004 and $2.01 in
          2003.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Liquidity and Capital
          Resources</b></font></p>

    <p><font size="3"
          face="Times New Roman">Net cash provided by operating
          activities was $104.3 million in 2005 compared with
          $118.2 million in 2004 and $106.1 million in 2003.
          Working capital increased 18.7% in 2005, decreased 15.1%
          in 2004, and increased 41.2% in 2003. The considerable
          decline in working capital in 2004 was primarily due to a
          special one dollar per share dividend paid to
          shareholders in September of 2004. Inventory increased
          $14.3 million in 2005 compared to 2004 and declined $8.5
          million in 2004 compared to 2003 primarily due to where
          the fiscal year-end date fell. In 2004, the fiscal year
          ended on December 25<sup>th</sup> after the major holiday
          selling period. In 2005, the fiscal year ended on
          December 31<sup>st</sup> as the company replenished for
          an upcoming sales program.</font></p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Page 7 of 32 (Form
          10-K)</b></font></p>
    <hr>
<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><font size="3">Table of Contents</font></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"
                    face="Times New Roman"><b>WEIS MARKETS,
                    INC.</b></font>
        </center>
    </div>

    <p><font size="3"
          face="Times New Roman"><b><a name="11">Item
          7.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management's
          Discussion and Analysis of Financial Condition and
          Results of Operations: (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>Liquidity and Capital Resources
          (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman">Net cash used in investing
          activities was $62.4 million in 2005 compared to $72.1
          million in 2004, and $30.6 million in 2003. These funds
          were used primarily for the purchases of new securities
          and property and equipment. Property and equipment
          purchases during fiscal 2005 totaled $55.5 million
          compared to $82.8 million in 2004 and $35.9 million in
          2003. As a percentage of sales, capital expenditures were
          2.5%, 3.9% and 1.8% in 2005, 2004 and 2003,
          respectively.</font></p>

    <p><font size="3"
          face="Times New Roman">The company's capital expansion
          program includes the construction of new superstores, the
          expansion and remodeling of existing units, the
          acquisition of sites for future expansion, new technology
          purchases and the continued upgrade of the company's
          processing and distribution facilities. Company
          management estimates that its current development plans
          will require an investment of approximately $90.6 million
          in 2006.</font></p>

    <p><font size="3"
          face="Times New Roman">Net cash used in financing
          activities during 2005 was $30.8 million compared to
          $61.3 million in 2004 and $31.9 million in 2003. In 2002,
          the company established a three-year unsecured revolving
          credit agreement for $100 million to provide funds for
          general corporate purposes including working capital and
          letters of credit. As of October 18, 2005, the company
          allowed the Revolving Credit Agreement to expire and
          outstanding letters of credit under the agreement were
          refinanced. At December 31, 2005, the company had
          outstanding letters of credit of $25.9
          million.</font></p>

    <p><font size="3"
          face="Times New Roman">Total cash dividend payments on
          common stock, on a per share basis, amounted to $1.12 in
          2005 compared to $2.12 in 2004 and $1.10 in 2003. On
          September 3, 2004, the company paid a special one dollar
          per share dividend totaling $27.1 million to its
          shareholders. Treasury stock purchases amounted to
          $715,000 in 2005, compared to $4.0 million in 2004 and
          $2.0 million in 2003. The Board of Directors 2004
          resolution authorizing the repurchase of up to one
          million shares of the company's common stock has a
          remaining balance of 888,624 shares.</font></p>

    <p><font size="3"
          face="Times New Roman">The company has no other
          commitment of capital resources as of December 31, 2005,
          other than the lease commitments on its store facilities
          under operating leases that expire at various dates
          through 2024. The company anticipates funding its working
          capital requirements and its $90.6 million capital
          expansion program through internally generated cash flows
          from operations.</font></p>

    <p><font size="3"
          face="Times New Roman">The company's earnings and cash
          flows are subject to fluctuations due to changes in
          interest rates as they relate to available-for-sale
          securities and any future long-term debt borrowings. The
          company's marketable securities currently consist of
          Pennsylvania tax-free state and municipal bonds, equity
          securities and other short-term investments. Certain
          other short-term investments are classified as cash
          equivalents on the Consolidated Balance
          Sheets.</font></p>

    <p><font size="3"
          face="Times New Roman">By their nature, these financial
          instruments inherently expose the holders to market risk.
          The extent of the company's interest rate and other
          market risk is not quantifiable or predictable with
          precision due to the variability of future interest rates
          and other changes in market conditions. However, the
          company believes that its exposure in this area is not
          material.</font></p>

    <p><font size="3"
          face="Times New Roman">Under its current policies, the
          company invests primarily in high-grade marketable
          securities and does not use interest rate derivative
          instruments to manage exposure to interest rate
          fluctuations. Historically, the company's principal
          investment strategy of obtaining marketable debt
          securities with maturity dates between one and five years
          helps to minimize market risk and to maintain a balance
          between risk and return. The equity securities owned by
          the company consist primarily of stock held in large
          capitalized companies trading on public security exchange
          markets. The company's management continually monitors
          the risk associated with its marketable securities. A
          quantitative tabular presentation of risk exposure is
          located in Item 7a.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Contractual
          Obligations</b></font></p>

    <p><font size="3"
          face="Times New Roman">The following table represents
          scheduled maturities of the company's long-term
          contractual obligations as of December 31,
          2005.</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="35%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="3%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="9"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Payments due by
                  period</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="3%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>Less
                  than</u></b></font></td>

            <td width="3%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="3%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="3%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="13%"
                align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>More
                  than</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"
                  face="Times New Roman"><i>(dollars in
                  thousands)</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Total</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>1
                  year</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>1-3
                  years</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>3-5
                  years</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b><u>5
                  years</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Operating
                  leases</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman"><u>229,570</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;27,700</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;51,537</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;42,544</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman"><u>107,789</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Total</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman"><u>229,570</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;27,700</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;51,537</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;42,544</u></font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman">$</font></td>

            <td align="right"
                valign="bottom"><font size="3"
                  face="Times New Roman"><u>107,789</u></font></td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Page 8 of 32 (Form
          10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><font size="3"><a href="#000"></a><a href="#000">Table of
    Contents</a></font></p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>WEIS MARKETS,
          INC.</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b><a name="9">Item
          7.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management's
          Discussion and Analysis of Financial Condition and
          Results of Operations: (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>Critical Accounting
          Estimates</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company has chosen accounting
          policies that it believes are appropriate to accurately
          and fairly report its operating results and financial
          position, and the company applies those accounting
          policies in a consistent manner. The Significant
          Accounting Policies are summarized in Note 1 to the
          Consolidated Financial Statements.</font></p>

    <p><font size="3"
          face="Times New Roman">The preparation of financial
          statements in conformity with accounting principles
          generally accepted in the United States of America
          requires that the company makes estimates and assumptions
          that affect the reported amounts of assets, liabilities,
          revenues and expenses. These estimates and assumptions
          are based on historical and other factors believed to be
          reasonable under the circumstances. The company evaluates
          these estimates and assumptions on an ongoing basis and
          may retain outside consultants, lawyers and actuaries to
          assist in its evaluation. The company believes the
          following accounting policies are the most critical
          because they involve the most significant judgments and
          estimates used in preparation of its consolidated
          financial statements.</font></p>

    <p><b><font size="3"><b>Vendor Allowances</b></font></b></p>

    <p><font size="3"
          face="Times New Roman">Vendor rebates, credits and
          promotional allowances that relate to the company's
          buying and merchandising activities, including lump-sum
          payments associated with long-term contracts, are
          recorded as a reduction of cost of sales as they are
          earned, in accordance with its underlying agreement.
          Off-invoice and bill-back allowances are used to reduce
          direct product costs upon the receipt of goods. Volume
          incentive discounts are realized as a reduction of cost
          of sales at the time it is deemed probable and reasonably
          estimable that the incentive target will be reached.
          Promotional allowance funds for specific vendor-sponsored
          programs are recognized as a reduction of cost of sales
          as the program occurs and the funds are earned per the
          agreement. Cash discounts for prompt payment of invoices
          are realized in cost of sales as invoices are paid.
          Warehouse and back-haul allowances provided by suppliers
          for distributing their product through our distribution
          system are recorded in cost of sales as the required
          performance is completed. Warehouse rack and slotting
          allowances are recorded in cost of sales when new items
          are initially set up in the company's distribution
          system, which is when the related expenses are incurred
          and performance under the agreement is complete. Swell
          allowances for damaged goods are realized in cost of
          sales as provided by the supplier, helping to offset
          product shrink losses also recorded in cost of
          sales.</font></p>

    <p><b><font size="3"><b>Store Closing Costs</b></font></b></p>

    <p><font size="3"
          face="Times New Roman">The company provides for closed
          store liabilities relating to the estimated post-closing
          lease liabilities and related other exit costs associated
          with the store closing commitments. The closed store
          liabilities are usually paid over the lease terms
          associated with the closed stores having remaining terms
          ranging from one to five years. At December 31, 2005,
          closed store lease liabilities totaled $1.6 million. The
          company estimates the lease liabilities, net of sublease
          income, using the undiscounted rent payments of closed
          stores. Other exit costs include estimated real estate
          taxes, common area maintenance, insurance and utility
          costs to be incurred after the store closes over the
          remaining lease term. Store closings are generally
          completed within one year after the decision to close.
          Adjustments to closed store liabilities and other exit
          costs primarily relate to changes in subtenants and
          actual exit costs differing from original estimates.
          Adjustments are made for changes in estimates in the
          period in which changes become known. Any excess store
          closing liability remaining upon settlement of the
          obligation is reversed to income in the period that such
          settlement is determined. Inventory write-downs, if any,
          in connection with store closings, are classified in cost
          of sales. Costs to transfer inventory and equipment from
          closed stores are expensed as incurred. Store closing
          liabilities are reviewed quarterly to ensure that any
          accrued amount that is no longer needed for its
          originally intended purpose is reversed to income in the
          proper period.</font></p>

    <p><b><font size="3"><b>Self-Insurance</b></font></b></p>

    <p><font size="3"
          face="Times New Roman">The company is self-insured for a
          majority of its workers' compensation, general liability,
          vehicle accident and associate medical benefit claims.
          The self-insurance liability for most of the workers'
          compensation claims is determined based on historical
          data and an estimate of claims incurred but not reported.
          The other self-insurance liabilities are determined
          actuarially, based on claims filed and an estimate of
          claims incurred but not yet reported. The company is
          liable for associate health claims up to a lifetime
          aggregate of $1,000,000 per member and for workers
          compensation claims up to $2,000,000 per claim. Property
          and casualty insurance coverage is maintained with
          outside carriers at deductible or retention levels
          ranging from $250,000 to $2,000,000. Significant
          assumptions used in the development of the actuarial
          estimates include reliance on our historical claims data
          including average monthly claims and average lag time
          between incurrence and reporting of the claim.</font></p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Page 9 of 32 (Form
          10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><font size="3"><a href="#000"></a><a href="#000">Table of
    Contents</a></font></p>

    <p align="center"><font size="3"
          face="Times New Roman"><b>WEIS MARKETS,
          INC.</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b><a name="12">Item
          7.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management's
          Discussion and Analysis of Financial Condition and
          Results of Operations: (continued)</b></font></p>

    <p><font size="3"><b>Forward-Looking Statements</b></font></p>

    <p><font size="3"
          face="Times New Roman">In addition to historical
          information, this Annual Report may contain
          forward-looking statements. Any forward-looking
          statements contained herein are subject to certain risks
          and uncertainties that could cause actual results to
          differ materially from those projected. For example,
          risks and uncertainties can arise with changes in:
          general economic conditions, including their impact on
          capital expenditures; business conditions in the retail
          industry; the regulatory environment; rapidly changing
          technology and competitive factors, including increased
          competition with regional and national retailers; and
          price pressures. Readers are cautioned not to place undue
          reliance on forward-looking statements, which reflect
          management's analysis only as of the date hereof. The
          company undertakes no obligation to publicly revise or
          update these forward-looking statements to reflect events
          or circumstances that arise after the date hereof.
          Readers should carefully review the risk factors
          described in other documents the company files
          periodically with the Securities and Exchange
          Commission.</font></p>

    <p><font size="3"><b>Certifications</b></font></p>

    <p><font size="3"
          face="Times New Roman">As required under Section
          303A.12(a) of the New York Stock Exchange Listed Company
          Manual, the company submitted a Chief Executive Officer
          Certification to the New York Stock Exchange with no
          qualifications on April 15, 2005. The company filed with
          the Securities and Exchange Commission the Chief
          Executive Officer and Chief Financial Officer
          certifications as required under Section 302 of the
          Sarbanes-Oxley Act in the prior years as an Exhibit to
          Form 10-K.</font></p>

    <p><font size="3"><b><a name="0071">Item
    7a.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quantitative and
    Qualitative Disclosures about Market Risk:</b></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="24%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="13"
                align="center"
                valign="bottom"><font size="2"><b><u>Expected
                Maturity Dates</u></b></font></td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size="2"><b><u>Fair
                Value</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>December 31,
                2005</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td width="6%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2006</u></b></font></td>

            <td width="1%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="6%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2007</u></b></font></td>

            <td width="1%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="6%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2008</u></b></font></td>

            <td width="1%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="6%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2009</u></b></font></td>

            <td width="1%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>2010</u></b></font></td>

            <td width="1%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>Thereafter</u></b></font></td>

            <td width="1%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "2"><b><u>Total</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="2"><b><u>Dec. 31,
                2005</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">Rate sensitive
                assets:</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "2">&nbsp;&nbsp;&nbsp;Fixed interest rate
                securities</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">5,000</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">1,200</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">2,020</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">4,680</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">12,900</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">13,311</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">&nbsp;&nbsp;&nbsp;Average interest
                rate</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">3.00</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">2.97</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">3.19</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">3.31</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">3.14</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="13"
                align="center"
                valign="bottom"><font size="2"><b><u>Expected
                Maturity Dates</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="2"><b><u>Fair
                Value</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>December 25,
                2004</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>2005</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>2006</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>2007</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>2008</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>2009</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>Thereafter</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "2"><b><u>Total</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="2"><b><u>Dec. 25,
                2004</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">Rate sensitive
                assets:</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "2">&nbsp;&nbsp;&nbsp;Fixed interest rate
                securities</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">5,000</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">5,000</font></td>

            <td align="right"
                valign="bottom"><font size="2">$</font></td>

            <td align="right"
                valign="bottom"><font size="2">5,008</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">&nbsp;&nbsp;&nbsp;Average interest
                rate</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">1.56</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "2">---&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">1.56</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="2">%</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"><b>Other Relevant Market
        Risks</b><br clear="left"></font><font size="3"
          face="Times New Roman">The company's equity securities at
          December 31, 2005 had a cost basis of $2,514,000 and a
          fair value of $9,899,000. The dividend yield realized on
          these equity investments was 6.92% in 2005. The company's
          equity securities at December 25, 2004 had a cost basis
          of $3,091,000 and a fair value of $11,204,000. The
          dividend yield realized on these equity investments was
          5.00% in 2004. Market risk, as it relates to equities
          owned by the company, is discussed within the "Liquidity
          and Capital Resources" section of "Management's
          Discussion and Analysis of Financial Condition and
          Results of Operations" contained within this
          report.</font></p>

    <p align="center"><font size="3"><b>Page 10 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b><a name="008"></a></b></font></p>

    <p><font size="3"><b>Item
    8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and
    Supplementary Data:</b></font></p>

    <table cellspacing="0"
           cellpadding="0">
        <tr>
            <td width="734"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b>WEIS MARKETS,
                INC.</b></font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b>CONSOLIDATED
                BALANCE SHEETS</b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>(dollars in
                thousands)</i></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"
                  face="Times New Roman"><i>December 31, 2005 and
                  December 25, 2004</i></font></td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="66%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="1%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="7%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="1%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="3%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><b><u>Assets</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">Current:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Cash</font> <font size="3"
                  face="Times New Roman">and cash
                  equivalents</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">69,300</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">58,234</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;Marketable securities</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">23,210</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">16,212</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Accounts receivable,
                net</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">38,376</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">36,058</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;Inventories</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">179,382</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">165,044</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Prepaid expenses</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6,076</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">4,970</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;</font><font size="3"
                  face="Times New Roman">Income taxes
                  recoverable</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">1,729</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Deferred income taxes</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,359</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,003</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>
            Total current assets</b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;320,703</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;285,250</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Property and
                equipment, net</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">446,517</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">441,074</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">Goodwill</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">15,731</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">15,731</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Intangible</font>
                  <font size="3">and other assets, net</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,536</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,427</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;788,487</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;748,482</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><b><u>Liabilities</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">Current:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Accounts payable</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">100,895</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">95,743</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;Accrued expenses</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">20,079</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">20,637</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Accrued self-insurance</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">21,553</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">20,172</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;Payable to employee benefit
                plans</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">12,487</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">10,826</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;&nbsp;Income
                taxes payable</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,020</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
                current liabilities</b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;157,034</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;147,378</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Deferred income
                taxes</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,596</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face=
                  "Times New Roman"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,404</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>Shareholders' Equity</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;&nbsp;Common
                stock, no par value,</font> <font size=
                "3">100,800,000 shares authorized,</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,002,357 and
                32,997,157 shares issued, respectively</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">8,371</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">8,199</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;Retained earnings</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">735,865</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">702,714</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Accumulated other comprehensive
                income</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,296</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,747</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">748,532</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">715,660</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;Treasury stock at cost, 5,982,461
                and 5,964,330 shares, respectively</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;(144,675</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;(143,960</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>
            &nbsp;Total shareholders' equity</b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;603,857</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;571,700</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;788,487</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;748,482</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="6"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><i>See
                accompanying notes to consolidated financial
                statements.</i></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 11 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <table cellspacing="0"
           cellpadding="0">
        <tr>
            <td width="720"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b><a name=
                "0081">WEIS MARKETS, INC.</a></b></font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b>CONSOLIDATED
                STATEMENTS OF INCOME</b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"
                  face="Times New Roman"><i>(dollars in thousands,
                  except shares and per share
                  amounts)</i></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>For the Fiscal
                Years Ended December 31, 2005,</i></font></td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="55%"
                align="left"
                valign="bottom"><font size="2"><i>December 25, 2004
                and December 27, 2003</i></font></td>

            <td width="8%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="4%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="4%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                  "3">(</font><font size="3"
                  face="Times New Roman"><b><u>53
                  Weeks)</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                  "3">(</font><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks)</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                  "3">(</font><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks)</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net
                sales</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">2,222,598</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">2,097,712</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">2,042,499</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Cost of sales,
                including warehousing and distribution
                expenses</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;1,636,137</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;1,548,210</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;1,505,926</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;Gross profit on
                sales</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">586,461</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">549,502</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">536,573</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Operating, general
                and administrative expenses</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;506,900</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477,317</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465,952</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;Income from
                operations</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">79,561</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">72,185</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">70,621</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Investment
                income</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">3,408</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">1,617</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">1,220</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Other income,
                net</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,337</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,801</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,363</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;Income before provision
                for income taxes</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">99,306</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">87,603</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">88,204</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Provision for
                income taxes</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,885</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,412</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,628</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;Net income</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,421</u></font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,191</u></font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,576</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Weighted-average
                shares outstanding, basic</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">27,026,748</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">27,098,000</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">27,186,277</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Weighted-average
                shares outstanding, diluted</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">27,033,789</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">27,098,276</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">27,186,277</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Cash dividends per
                share</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Basic and diluted
                earnings per share</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.35</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.01</font></td>
        </tr>

        <tr>
            <td colspan="7"
                align="left"
                valign="bottom"><font size="3"><i>See accompanying
                notes to consolidated financial
                statements.</i></font></td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 12 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <table cellspacing="0"
           cellpadding="0">
        <tr>
            <td width="720"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b><a name=
                "0082">WEIS MARKETS, INC.</a></b></font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"
                  face="Times New Roman"><b>CONSOLIDATED STATEMENTS
                  OF SHAREHOLDERS' EQUITY</b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>(dollars in
                thousands, except shares)</i></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>For the Fiscal
                Years Ended December 31, 2005,</i></font></td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td colspan="2"
                align="left"
                valign="bottom"><font size="2"><i>December 25, 2004
                and December 27, 2003</i></font></td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="1%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="1%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="center"
                valign="bottom"><font size="2"
                  face=
                  "Times New Roman"><b><u>Accumulated</u></b></font></td>

            <td width="9%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td width="24%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="right"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="center"
                valign="bottom"><font size="2"
                  face=
                  "Times New Roman"><b><u>Other</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Total</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Common</u></b></font>
                  <font size="3"><b><u>Stock</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Retained</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="center"
                valign="bottom"><font size="2"
                  face=
                  "Times New Roman"><b><u>Comprehensive</u></b></font></td>

            <td colspan="3"
                align="center"
                valign="bottom"><font size="3"><b><u>Treasury
                Stock</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Shareholders'</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Shares</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Amount</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"
                  face=
                  "Times New Roman"><b><u>Earnings</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td colspan="2"
                align="center"
                valign="bottom"><font size="2"
                  face=
                  "Times New Roman"><b><u>Income</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Shares</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Amount</u></b></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Equity</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman"><b>Balance at December 28,
                  2002</b></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">32,986,337</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3">$</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">7,882</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3">$</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">678,294</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3">$</font></font></td>

            <td width="10%"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">4,145</font></td>

            <td width="1%"
                align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">5,792,800</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3">$</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(137,889</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3">)</font> <font size="3"
                  face="Times New Roman">$</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">552,432</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Net
                  income</font></font></td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">54,576</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">54,576</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Other comprehensive
                  income, net of reclassification adjustments and
                  tax</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">283</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;Comprehensive
                  income</font></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,859</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Shares issued for
                  options</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3,170</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">89</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">89</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Treasury stock
                  purchased</font></font></td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">56,789</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">(2,023</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"><font size="3">(2,023</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Dividends
                  paid</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;(29,909</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,909</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b>Balance at December 27,
                  2003</b></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;32,989,507</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,971</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;702,961</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,428</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;5,849,589</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;(139,912</font></td>

            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3">)</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;575,448</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Net
                  income</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">57,191</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">57,191</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Other comprehensive
                  income, net of reclassification adjustments and
                  tax</font></font></td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">319</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;Comprehensive
                  income</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,510</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Shares issued for
                  options</font></font></td>

            <td align="right"
                valign="bottom"><font size="3">7,650</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">228</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">228</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Treasury stock
                  purchased</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">114,741</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(4,048</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(4,048</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Dividends
                  paid</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;(57,438</u></font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(57,438</u></font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman"><b>Balance at December 25,
                  2004</b></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;32,997,157</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,199</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;702,714</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,747</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;5,964,330</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;(143,960</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;571,700</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Net
                  income</font></font></td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">63,421</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">63,421</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Other comprehensive
                  income, net of reclassification adjustments and
                  tax</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(451</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(451</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face=
                  "Times New Roman">&nbsp;&nbsp;&nbsp;Comprehensive
                  income</font></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,970</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Shares issued for
                  options</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">5,200</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">172</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">172</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Treasury stock
                  purchased</font></font></td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">18,131</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">(715</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"><font size="3">(715</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">Dividends
                  paid</font></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;(30,270</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><u>&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,270</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman"><b>Balance at December 31,
                  2005</b></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;33,002,357</u></font></td>

            <td align="right"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">$</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,371</u></font></td>

            <td align="right"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">$</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;735,865</u></font></td>

            <td align="right"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">$</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,296</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;5,982,461</u></font></td>

            <td align="right"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3"
                  face="Times New Roman">$</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;(144,675</u></font></td>

            <td align="right"
                valign="bottom"><font face="Font14860"
                  size="2"><font size="3">)</font> <font size="3"
                  face="Times New Roman">$</font></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;603,857</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="15"
                align="left"
                valign="bottom"><font size="3"><i>See accompanying
                notes to consolidated financial
                statements.</i></font></td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 13 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><font size="3"><a href="#000">Table of
    Contents</a><b><br clear="left"></b></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="100%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b><a name=
                "0083">WEIS MARKETS, INC.</a></b></font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"
                  face="Times New Roman"><b>CONSOLIDATED STATEMENTS
                  OF CASH FLOWS</b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>(dollars in
                thousands)</i></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>For the Fiscal
                Years Ended December 31, 2005,</i></font></td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="55%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>December 25,
                2004 and December 27, 2003</i></font></td>

            <td width="3%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="4%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="4%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                  "3">(</font><font size="3"
                  face="Times New Roman"><b><u>53
                  Weeks)</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                  "3">(</font><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks)</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                  "3">(</font><font size="3"
                  face="Times New Roman"><b><u>52
                  Weeks)</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"><b>Cash flows from
                operating activities:</b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;Net
                income</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">63,421</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">57,191</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">54,576</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;Adjustments
                to reconcile net income to</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;net cash
                provided by operating activities:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Depreciation</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">43,875</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">40,614</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">40,196</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Amortization</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6,231</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">5,721</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6,299</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Loss on disposition of fixed
                assets</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">519</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">1,438</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">122</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Gain on sale of marketable
                securities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(422</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(52</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Changes in operating assets
                and liabilities:</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(14,338</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">8,508</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">9,280</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts
                receivable and prepaid expenses</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(3,424</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(2,930</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(3,930</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income
                taxes recoverable</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,729</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(1,729</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable
                and other liabilities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">7,636</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">4,648</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">42</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income
                taxes payable</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2,020</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(1,955</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(4,157</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income
                taxes</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(2,845</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">6,786</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">3,721</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(98</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;&nbsp;Net
                cash provided by operating activities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104,304</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118,246</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106,149</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b>Cash flows from
                investing activities:</b></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;Purchase of
                property and equipment</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(55,468</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(82,766</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(35,928</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;Proceeds
                from the sale of property and equipment</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">291</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">9,086</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">4,271</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;Purchase of
                marketable securities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(8,248</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(24,850</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;Proceeds
                from maturities of marketable
                securities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">26,350</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">1,023</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;Proceeds
                from sale of marketable securities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;Net cash
                used in investing activities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><u>&nbsp;&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62,425</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><u>&nbsp;&nbsp;
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72,094</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,634</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"><b>Cash flows from
                financing activities:</b></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;</font><font size="3"
                  face="Times New Roman">Payment of deferred
                  financing fees</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;(25</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;Proceeds
                from issuance of common stock</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">172</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">228</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">89</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;Dividends
                paid</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(30,270</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(57,438</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(29,909</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">&nbsp;Purchase of
                treasury stock</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(715</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;(4,048</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;(2,023</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">&nbsp;&nbsp;Net
                cash used in financing activities</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,813</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(61,258</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31,868</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net increase
                (decrease) in cash and</font> <font size="3"
                  face="Times New Roman">cash
                  equivalents</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">11,066</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">(15,106</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">43,647</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Cash and</font>
                <font size="3"
                  face="Times New Roman">cash equivalents</font>
                  <font size="3">at beginning of year</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,234</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,340</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,693</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Cash and</font>
                <font size="3"
                  face="Times New Roman">cash equivalents</font>
                  <font size="3">at end of year</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,300</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,234</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73,340</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="100%"
                align="left"
                valign="top"
                bgcolor="#FFFFFF"><font size="3"><i>See
                accompanying notes to consolidated financial
                statements.</i></font></td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 14 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b><a name="0084">WEIS MARKETS,
            INC.</a></b></font>
        </center>
    </div>

    <p align="center"><font size="3"><b>Notes to Consolidated
    Financial Statements</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>Note 1 Summary of Significant
          Accounting Policies</b></font></p>

    <p><font size="3"
          face="Times New Roman">The following is a summary of the
          significant accounting policies utilized in preparing the
          company's consolidated financial statements:</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(a) Description of
          Business</b></font></p>

    <p><font size="3"
          face="Times New Roman">Weis Markets, Inc. is a
          Pennsylvania business corporation formed in 1924. The
          company is engaged principally in the retail sale of food
          in Pennsylvania and surrounding states. There was no
          material change in the nature of the company's business
          during fiscal 2005.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(b) Definition of Fiscal
          Year</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company's fiscal year ends on
          the last Saturday in December. Fiscal 2005, 2004 and 2003
          were comprised of 53 weeks, 52 weeks and 52 weeks,
          respectively.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(c) Principles of
          Consolidation</b></font></p>

    <p><font size="3"
          face="Times New Roman">The consolidated financial
          statements include the accounts of the company and its
          subsidiaries. All significant intercompany accounts and
          transactions have been eliminated in
          consolidation.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(d) Use of
          Estimates</b></font></p>

    <p><font size="3"
          face="Times New Roman">Management of the company has made
          a number of estimates and assumptions relating to the
          reporting of assets and liabilities and the disclosure of
          contingent assets and liabilities to prepare these
          consolidated financial statements in conformity with
          accounting principles generally accepted in the United
          States of America. Actual results could differ from those
          estimates.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(e)
          Reclassifications</b></font></p>

    <p><font size="3">Certain amounts in the 2003 consolidated
    statement of cash flows were reclassified upon the filing of
    the 2004 Annual Report on Form 10-K. Specifically, the company
    changed the classification of certain investments at December
    27, 2003 in the amount of $69.9 million. These investments were
    originally reported as marketable securities rather than as
    cash and cash equivalents consistent with the company's policy
    for classifying such investments as described in Note 1(f). The
    effect of this reclassification did not change reported amounts
    of current assets or total assets, but affected the amounts
    originally reported as cash flows used in investing activities
    and cash and cash equivalents in the 2003 consolidated
    statement of cash flows.</font></p>

    <p><font size="3"
          face="Times New Roman">The following summarizes the
          changes to originally reported subtotals in the 2003
          consolidated statements of cash flows:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="40%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b>Originally<br clear="left">
            Reported</b></font></td>

            <td width="14%"
                align="center"
                valign="bottom"><font size=
                "3"><b>Currently<br clear="left">
            Reported</b></font></td>

            <td width="14%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="14%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Net cash provided by
                operating activities</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">$&nbsp;&nbsp;105,873</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">$&nbsp;&nbsp;106,149</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Net cash used in
                investing activities</font></td>

            <td align="right"
                valign="bottom"><font size="3">(74,507)</font></td>

            <td align="right"
                valign="bottom"><font size="3">(30,634)</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Net cash used in
                financing activities</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;(31,843)</u></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;(31,868)</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Net increase
                (decrease) in cash and cash equivalents</font></td>

            <td align="right"
                valign="bottom"><font size="3">(477)</font></td>

            <td align="right"
                valign="bottom"><font size="3">43,647</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Cash and cash
                equivalents at beginning of year</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,929</u></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;29,693</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Cash and cash
                equivalents at end of year</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">$<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,452</u></font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">$<u>&nbsp;&nbsp;&nbsp;&nbsp;73,340</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman"><b>(f) Cash and Cash Equivalents
          &nbsp;</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company considers investments
          with an original maturity of three months or less to be
          cash equivalents. Investment amounts classified as cash
          equivalents as of December 31, 2005 and December 25, 2004
          totaled $64.7 million and $54.4 million,
          respectively.</font></p>

    <p align="center"><font size="3"><b>Page 15 of 32 (Form
    10-K)</b></font></p>
    <hr>

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        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 1 Summary of Significant Accounting
    Policies (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>(g) Marketable
          Securities</b></font></p>

    <p><font size="3"
          face="Times New Roman">Marketable securities consist of
          Pennsylvania tax-free state and municipal bonds and
          equity securities. By policy, the company invests
          primarily in high-grade marketable securities. The
          company classifies all of its marketable securities as
          available-for-sale.</font></p>

    <p><font size="3"
          face="Times New Roman">Available-for-sale securities are
          recorded at fair value as determined by quoted market
          price based on national markets. Unrealized holding gains
          and losses, net of the related tax effect, are excluded
          from earnings and are reported as a separate component of
          shareholders' equity until realized. A decline in the
          fair value below cost that is deemed other than temporary
          results in a charge to earnings and the establishment of
          a new cost basis for the security. Dividend and interest
          income is recognized when earned. Realized gains and
          losses are included in earnings and are derived using the
          specific identification method for determining the cost
          of securities.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(h) Accounts
          Receivable</b></font></p>

    <p><font size="3"
          face="Times New Roman">Accounts receivable are stated net
          of an allowance for uncollectible accounts of $1.2
          million and $1.7 million as of December 31, 2005 and
          December 25, 2004, respectively. The reserve balance
          relates to amounts due from pharmacy third party
          providers and customer returned checks. The company
          maintains an allowance for the amount of receivables
          deemed to be uncollectible and calculates this amount
          based upon historical collection activity adjusted for
          current conditions. Customer electronic payments accepted
          at the point of sale are classified as accounts
          receivable until collected.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(i) Inventories</b></font></p>

    <p><font size="3"
          face="Times New Roman">Inventories are valued at the
          lower of cost or market, using both the last-in,
          first-out (LIFO) and average cost methods. The company
          evaluates inventory shortages throughout the year based
          on actual physical counts in its facilities. Allowances
          for inventory shortages are recorded based on the results
          of these counts and to provide for estimated shortages
          from the last physical count to the financial statement
          date. See additional disclosures regarding inventories in
          Note 3.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(j) Property and
          Equipment</b></font></p>

    <p><font size="3"
          face="Times New Roman">Property and equipment are
          recorded at cost. Depreciation is provided on the cost of
          buildings and improvements and equipment principally
          using accelerated methods. Leasehold improvements are
          amortized using the straight line method over the terms
          of the leases or the useful lives of the assets,
          whichever is shorter.</font></p>

    <p><font size="3"
          face="Times New Roman">Maintenance and repairs are
          expensed and renewals and betterments are capitalized.
          When assets are retired or otherwise disposed of, the
          assets and accumulated depreciation are removed from the
          respective accounts and any profit or loss on the
          disposition is credited or charged to "Other
          income."</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(k) Goodwill and Intangible
          Assets</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company follows Financial
          Accounting Standards Board ("FASB") Statement of
          Financial Accounting Standards No. 142, "Goodwill and
          Other Intangible Assets" ("SFAS 142"), which establishes
          that intangible assets with an indefinite useful life
          shall not be amortized until their useful life is
          determined to be no longer indefinite and should be
          tested for impairment annually or more frequently if
          events or changes in circumstances indicate that the
          asset might be impaired. SFAS 142 states that goodwill
          should not be amortized but tested for impairment for
          each reporting unit, on an annual basis and between
          annual tests in certain circumstances. Intangible assets
          with a definite useful life are generally amortized over
          periods ranging from 15 to 20 years. As of December 31,
          2005, the company has no intangible assets, other than
          goodwill, with indefinite lives.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(l) Impairment of Long-Lived
          Assets</b></font></p>

    <p><font size="3"
          face="Times New Roman">In accordance with FASB Statement
          of Financial Accounting Standards No. 144, "Accounting
          for the Impairment or Disposal of Long-Lived Assets"
          ("SFAS 144"), the company periodically evaluates the
          period of depreciation or amortization for long-lived
          assets to determine whether current circumstances warrant
          revised estimates of useful lives. The company reviews
          its property and equipment for impairment whenever events
          or changes in circumstances indicate the carrying value
          of an asset may not be recoverable. Recoverability is
          measured by a comparison of the carrying amount to the
          net undiscounted cash flows expected to be generated by
          the asset. An impairment loss would be recorded for the
          excess of net book value over the fair value of the asset
          impaired. The fair value is estimated based on expected
          discounted future cash flows.</font></p>

    <p><font size="3"
          face="Times New Roman">With respect to owned property and
          equipment associated with closed stores, the value of the
          property and equipment is adjusted to reflect recoverable
          values based on the company's prior history of disposing
          of similar assets and current economic
          conditions.</font></p>

    <p align="center"><font size="3"><b>Page 16 of 32 (Form
    10-K)</b></font></p>
    <hr>

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        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 1 Summary of Significant Accounting
    Policies (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>(l) Impairment of Long-Lived
          Assets (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman">The results of impairment tests
          are subject to management's estimates and assumptions of
          projected cash flows and operating results. The company
          believes that, based on current conditions, materially
          different reported results are not likely to result from
          long-lived asset impairments. However, a change in
          assumptions or market conditions could result in a change
          in estimated future cash flows and the likelihood of
          materially different reported results.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(m) Store Closing
          Costs</b></font></p>

    <p><font size="3"
          face="Times New Roman">In accordance with FASB Statement
          of Financial Accounting Standards No. 146, "Accounting
          for Costs Associated with Exit or Disposal Activities"
          ("SFAS 146"), the company provides for closed store
          liabilities relating to the estimated post-closing lease
          liabilities and related other exit costs associated with
          the store closing commitments. The closed store
          liabilities are usually paid over the lease terms
          associated with the closed stores having remaining terms
          ranging from one to five years. At December 31, 2005,
          closed store lease liabilities totaled $1.6 million. The
          company estimates the lease liabilities, net of sublease
          income, using the undiscounted rent payments of closed
          stores.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(n)
          Self-Insurance</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company is self-insured for a
          majority of its workers' compensation, general liability,
          vehicle accident and associate medical benefit claims.
          Self-insurance costs are accrued based upon the aggregate
          of the liability for reported claims and an estimated
          liability for claims incurred but not reported. The
          company is liable for associate health claims up to a
          lifetime aggregate of $1,000,000 per member and for
          workers' compensation claims up to $2,000,000 per claim.
          Property and casualty insurance coverage is maintained
          with outside carriers at deductible or retention levels
          ranging from $250,000 to $2,000,000.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(o) Stock Option
          Plan</b></font></p>

    <p><font size="3"
          face="Times New Roman">As of December 31, 2004, no awards
          may be granted under the company's 1995 Stock Option
          Plan. The last options granted under the Plan in 2002
          will expire in 2012. The pro forma impact of adopting
          FASB Statement of Financial Accounting Standards No. 123,
          "Accounting for Stock-Based Compensation" ("SFAS 123") as
          amended by FASB Statement of Financial Accounting
          Standards No. 148, "Accounting for Stock-Based
          Compensation - Transition and Disclosure," is immaterial.
          See additional disclosures regarding remaining
          outstanding options in Note 7.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(p) Income Taxes</b></font></p>

    <p><font size="3"
          face="Times New Roman">Under the asset and liability
          method of FASB Statement of Financial Accounting
          Standards No. 109, "Accounting for Income Taxes" ("SFAS
          109"), deferred tax assets and liabilities are recognized
          for the future tax consequences attributable to
          differences between the financial statement carrying
          amounts of existing assets and liabilities and their
          respective tax bases. Deferred tax assets and liabilities
          are measured using enacted tax rates expected to apply to
          taxable income in the years in which those temporary
          differences are expected to be recovered or
          settled.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(q) Earnings Per
          Share</b></font></p>

    <p><font size="3"
          face="Times New Roman">Earnings per share are based on
          the weighted-average number of common shares outstanding.
          Diluted earnings per share are based on the
          weighted-average number of common shares outstanding,
          plus the incremental shares that would have been
          outstanding upon the assumed exercise of all dilutive
          stock options, subject to antidilution limitations. Basic
          and diluted earnings per share are the same amounts for
          each period presented. For 2004 and 2003, options to
          purchase 32,850 and 41,111, respectively, at per share
          exercised prices ranging from $35.56 to $37.94, were not
          included in the computation of diluted earnings per share
          because their inclusion under the treasury stock method
          would have been antidilutive.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(r) Revenue
          Recognition</b></font></p>

    <p><font size="3"
          face="Times New Roman">Revenue from the sale of products
          to the company's customers is recognized at the point of
          sale. Discounts provided to customers at the point of
          sale through the Weis Club Preferred Shopper loyalty
          program are recognized as a reduction in sales as
          products are sold. Periodically, the company will run a
          point based sales incentive program that rewards
          customers with future sales discounts. The company makes
          reasonable and reliable estimates of the amount of future
          discounts based upon historical experience and its
          customer data tracking software. Sales are reduced by
          these estimates over the life of the program. Discounts
          to customers at the point of sale provided by vendors,
          usually in the form of paper coupons, are not recognized
          as a reduction in sales provided the discounts are
          redeemable at any retailer that accepts those discounts.
          The company does not recognize revenue when it sells gift
          cards, but rather revenue is recognized at the time of
          customer redemption for products.</font> <font size="3"
          face="Times New Roman">Return activity is immaterial to
          revenues.</font></p>

    <p align="center"><font size="3"><b>Page 17 of 32 (Form
    10-K)</b></font></p>
    <hr>

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    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 1 Summary of Significant Accounting
    Policies (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>(s) Cost of Sales, Including
          Warehousing and Distribution Expenses</b></font></p>

    <p><font size="3"
          face="Times New Roman">"Cost of sales, including
          warehousing and distribution expenses" consists of direct
          product costs (net of discounts and allowances),
          warehouse costs, transportation costs and manufacturing
          facility costs.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(t) Vendor
          Allowances</b></font></p>

    <p><font size="3"
          face="Times New Roman">Vendor rebates, credits and
          promotional allowances that relate to the company's
          buying and merchandising activities, including lump-sum
          payments associated with long-term contracts, are
          recorded as a reduction of cost of sales as they are
          earned, in accordance with its underlying agreement.
          Off-invoice and bill-back allowances are used to reduce
          direct product costs upon the receipt of goods. Volume
          incentive discounts are realized as a reduction of cost
          of sales at the time it is deemed probable and reasonably
          estimable that the incentive target will be reached.
          Promotional allowance funds for specific vendor-sponsored
          programs are recognized as a reduction of cost of sales
          as the program occurs and the funds are earned per the
          agreement. Cash discounts for prompt payment of invoices
          are realized in cost of sales as invoices are paid.
          Warehouse and back-haul allowances provided by suppliers
          for distributing their product through our distribution
          system are recorded in cost of sales as the required
          performance is completed. Warehouse rack and slotting
          allowances are recorded in cost of sales when new items
          are initially set up in the company's distribution
          system, which is when the related expenses are incurred
          and performance under the agreement is complete. Swell
          allowances for damaged goods are realized in cost of
          sales as provided by the supplier, helping to offset
          product shrink losses also recorded in cost of
          sales.</font></p>

    <p><font size="3"
          face="Times New Roman">Vendor allowances recorded as
          credits in cost of sales totaled $40.7 million in 2005,
          $42.9 million in 2004, and $44.1 million in 2003. Vendor
          paid cooperative advertising credits totaled $16.8
          million in 2005, $17.5 million in 2004, and $16.6 million
          in 2003. These credits were netted against advertising
          costs within "Operating, general and administrative
          expenses." The company had accounts receivable due from
          vendors of $800,000 and $1.6 million for earned
          advertising credits and $3.9 million and $5.3 million for
          earned promotional discounts as of December 31, 2005 and
          December 25, 2004, respectively. The company had $1.8
          million and $3.5 million in unearned revenue included in
          accrued liabilities for unearned vendor programs under
          long-term contracts for display and shelf space
          allocation as of December 31, 2005 and December 25, 2004,
          respectively.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(u) Operating, General and
          Administrative Expenses</b></font></p>

    <p><font size="3"
          face="Times New Roman">Business operating costs including
          expenses generated from administration and purchasing
          functions, are recorded in "Operating, general and
          administrative expenses" on the Consolidated Statements
          of Income. Business operating costs include items such as
          wages, benefits, utilities, repairs and maintenance,
          advertising costs and credits, rent, insurance, equipment
          depreciation, leasehold amortization and costs for
          outside provided services.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(v) Advertising
          Costs</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company expenses advertising
          costs as incurred. The company recorded advertising
          expense, before vendor paid cooperative advertising
          credits, of $24.6 million in 2005, $23.9 million in 2004,
          and $25.3 million in 2003 in "Operating, general and
          administrative expenses."</font></p>

    <p><font size="3"
          face="Times New Roman"><b>(w) Rental
          Income</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company leases or subleases
          space to tenants in owned, vacated and open store
          facilities. Rental income is recorded when earned as a
          component of "Other income." All leases are operating
          leases, as disclosed in Note 5, and do not contain up
          front considerations.</font></p>

    <p align="center"><font size="3"><b>Page 18 of 32 (Form
    10-K)</b></font></p>
    <hr>

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    <div style="margin-left: 2em">
        <font size="3"><a href="#000">Table of Contents</a></font>
    </div>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 2 Marketable
        Securities</b><br clear="left">
    Marketable securities, as of December 31, 2005 and December 25,
    2004, consisted of:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="52%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Gross</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Gross</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Unrealized</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Unrealized</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Amortized</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Holding</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Holding</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Fair</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>December 31,
                2005</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Cost</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Gains</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Losses</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Value</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Available-for-sale:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;Pennsylvania state and
                municipal bonds</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">13,353</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">42</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">13,311</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Equity securities</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,514</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,388</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,899</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,867</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,388</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,210</u></font></td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="52%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Gross</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Gross</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Unrealized</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Unrealized</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3"><i>(</i></font><font size="2"><i>dollars in
                thousands)</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Amortized</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Holding</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Holding</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Fair</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>December 25,
                2004</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Cost</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Gains</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Losses</u></b></font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Value</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Available-for-sale:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;Pennsylvania state and
                municipal bonds</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">5,008</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">5,008</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Equity securities</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,091</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,114</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,204</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,099</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,114</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,212</u></font></td>
        </tr>
    </table>

    <p><font size="3">Maturities of marketable securities
    classified as available-for-sale at December 31, 2005, were as
    follows:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="76%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Amortized</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Fair</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3"><i>(</i></font><font size="2"><i>dollars in
                thousands)</i></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Cost</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Value</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Available-for-sale:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Due within one
                year</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">5,014</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">5,014</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Due within one year through
                five years</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">8,339</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">8,297</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Equity securities</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,514</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,899</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,867</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,210</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">See additional
                disclosures regarding marketable securities in
                Notes 1(g) and 12.</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"><b>Note 3 Inventories</b><br clear="left">
    Merchandise inventories, as of December 31, 2005 and December
    25, 2004, were valued as follows:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="75%"
                align="left"
                valign="bottom"><font size=
                "3"><i>(</i></font><font size="2"><i>dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">LIFO</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">141,359</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">130,077</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Average
                cost</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,023</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,967</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;179,382</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;165,044</u></font></td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">Management believes the use of the
          LIFO method for valuing certain inventories represents
          the most appropriate matching of costs and revenues in
          the company's circumstances. If all inventories were
          valued on the average cost method, which approximates
          current cost, total inventories would have been
          $43,134,000 and $41,786,000 higher than as reported on
          the above methods as of December 31, 2005 and December
          25, 2004, respectively. During 2005, 2004 and 2003, the
          company had certain decrements in its LIFO pools, all of
          which had an insignificant impact on the cost of
          sales.</font></p>

    <p align="center"><font size="3"><b>Page 19 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <div style="margin-left: 2em">
        <font size="3">Table of Contents</font>
    </div>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 4 Property and
        Equipment</b><br clear="left">
    Property and equipment, as of December 31, 2005 and December
    25, 2004, consisted of:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="64%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="3"><b><u>Useful
                Life</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>(in
                years)</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Land</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">68,181</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">64,985</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Buildings and
                improvements</font></td>

            <td align="center"
                valign="bottom"><font size="3">10-60</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">367,549</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">348,530</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Equipment</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;3-12</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">555,377</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">536,670</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Leasehold
                improvements</font></td>

            <td align="center"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;5-20</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;110,739</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;104,615</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Total, at cost</font></td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">1,101,846</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">1,054,800</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Less accumulated
                depreciation and amortization</font></td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;655,329</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;613,726</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;446,517</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;441,074</u></font></td>
        </tr>
    </table>

    <p><font size="3"><b>Note 5 Lease Commitments</b><br clear=
    "left"></font><font size="3"
          face="Times New Roman">At December 31, 2005, the company
          leased approximately 57% of its open store facilities
          under operating leases that expire at various dates
          through 2024. These leases generally provide for fixed
          annual rentals; however, several provide for minimum
          annual rentals plus contingent rentals as a percentage of
          annual sales and a number of leases require the company
          to pay for all or a portion of insurance, real estate
          taxes, water and sewer rentals, and repairs, the cost of
          which is charged to the related expense category rather
          than being accounted for as rent expense. Most of the
          leases contain multiple renewal options, under which the
          company may extend the lease terms from 5 to 20 years.
          Rents on operating leases, including agreements with step
          rents, are charged to expense on a straight-line basis
          over the minimum lease term. The company does not have
          any leases that include capital improvement funding or
          other lease concessions.</font></p>

    <p><font size="3">Rent expense and income on all leases
    consisted of:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="63%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Minimum annual
                rentals</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">29,752</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">29,233</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">28,453</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Contingent
                rentals</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">303</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">266</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">262</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Lease or sublease
                income</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;(7,820</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;(7,780</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;(8,053</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;22,235</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;21,719</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;20,662</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">The following is a schedule by
          years of future minimum rental payments required under
          operating leases and total minimum sublease and lease
          rental income to be received that have initial or
          remaining noncancelable lease terms in excess of one year
          as of December 31, 2005.</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="74%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b>Leases</b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b>Subleases</b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">
                <p align="left"><font size="3">2006</font></p>
            </td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">27,700</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(4,823</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom">
                <p align="left"><font size="3">2007</font></p>
            </td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">26,331</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">(4,509</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">
                <p align="left"><font size="3">2008</font></p>
            </td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">25,206</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(3,424</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">2009</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">23,209</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">(2,413</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2010</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">19,335</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(1,781</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">Thereafter</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;107,789</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;(3,313</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;229,570</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;(20,263</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">The company has $1,294,000 accrued
          as of December 31, 2005, for future minimum rental
          payments due on previously closed stores, reduced by the
          estimated sublease income to be received. The future
          minimum rental payments required under operating leases
          and estimated sublease income for these locations are
          included in the above schedule.</font></p>

    <p align="center"><font size="3"><b>Page 20 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b><!---->
            WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 6 Retirement Plans</b><br clear=
    "left"></font><font size="3"
          face="Times New Roman">The company has a contributory
          retirement savings plan (401(k)) covering substantially
          all full-time associates, a noncontributory
          profit-sharing plan covering eligible associates, a
          noncontributory employee stock bonus plan covering
          eligible associates and three supplemental retirement
          plans covering highly compensated employees of the
          company. An eligible associate as defined in the Weis
          Markets, Inc. Profit Sharing Plan and the Weis Markets,
          Inc. Employee Stock Bonus Plan includes certain salaried
          associates, store management and administrative support
          personnel. The company's policy is to fund 401(k),
          profit-sharing and stock bonus costs as accrued, but not
          supplemental retirement costs. Contributions to the
          401(k) plan, the profit-sharing plan and the stock bonus
          plan are made at the sole discretion of the
          company.</font></p>

    <p><font size="3">Retirement plan costs:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="63%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Retirement savings
                plan</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">988</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">984</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">992</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Profit-sharing
                plan</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">896</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">855</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">852</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Employee stock
                bonus plan</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">40</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">40</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">40</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"
                  face="Times New Roman">Deferred compensation
                  plan</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">516</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">452</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">443</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Supplemental
                retirement plan</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">777</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">572</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">186</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Pharmacist
                deferred compensation plan</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,225</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,903</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,513</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">The company maintains a
          non-qualified deferred compensation plan for the payment
          of specific amounts of annual retirement benefits to
          certain officers or their beneficiaries over an
          actuarially computed normal life expectancy. The benefits
          are determined through actuarial calculations dependent
          on the age of the recipient, using an assumed discount
          rate.</font></p>

    <p><font size="3">Change in the benefit obligation:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="74%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="8%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Benefit obligation at
                  beginning of year</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6,019</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">5,798</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Interest cost</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">434</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">435</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Benefit
                  payments</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(232</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(231</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Actuarial gain</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17</u></font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,303</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,019</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="6"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"
                  face="Times New Roman">Weighted-average
                  assumptions used to determine benefit
                  obligations:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3"
                  face=
                  "Times New Roman"><b><u>2005</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Discount rate</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">7.50%</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="center"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">7.50%</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">Components of net periodic benefit
          cost:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="67%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="6%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Interest cost</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">434</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">435</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">423</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3"
                  face="Times New Roman">Amount of recognized
                  gain</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">150</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">214</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">263</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">Estimated future benefit
          payments:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="75%"
                align="left"
                valign="bottom"><font size=
                "3"><i>(</i></font><font size="2"><i>dollars in
                thousands)</i></font></td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "3"><u>Benefits</u></font></td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">
                <p align="left"><font size="3">2006</font></p>
            </td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">232</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom">
                <p align="left"><font size="3">2007</font></p>
            </td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">1,028</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">
                <p align="left"><font size="3">2008</font></p>
            </td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,028</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">2009</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">1,028</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2010</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,028</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">2011 -
                2015</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">5,138</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p align="center"><font size="3"><b>Page 21 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 6 Retirement Plans
    (continued)</b></font></p>

    <p><font size="3"
          face="Times New Roman">The company also maintains a
          non-qualified supplemental executive retirement plan and
          a non-qualified pharmacist deferred compensation plan for
          certain of its associates. These plans are designed to
          provide retirement benefits and salary deferral
          opportunities because of limitations imposed by the
          Internal Revenue Code and the Regulations implemented by
          the Internal Revenue Service. Participants in these plans
          are excluded from participation in the Profit Sharing and
          Employee Stock Bonus plans. The Board of Directors
          annually determines the amount of the allocation to the
          plans at its sole discretion. The allocation among the
          various plan participants is made in relationship to
          their compensation, years of service and job performance.
          Plan participants are 100% vested in their accounts after
          seven years of service with the company. Benefits are
          distributed among participants upon reaching the
          applicable retirement age. Substantial risk of benefit
          forfeiture does exist for participants in these plans.
          The present value of accumulated benefits amounted to
          $4,988,000 and $3,668,000 at December 31, 2005 and
          December 25, 2004, respectively.</font></p>

    <p><font size="3">The company has no other post-retirement
    benefit plans.</font></p>

    <p><font size="3"><b>Note 7</b></font> <font size="3"
          face="Times New Roman"><b>Stock</b></font> <font size=
          "3"><b>Option Plan<br clear="left"></b>The company has an
          incentive stock option plan for officers and other key
          associates under which 188,580 shares of common stock are
          reserved for issuance at December 31, 2005. Under the
          terms of the plan, option prices are 100% of the "fair
          market value" of the shares on the date granted. Options
          previously granted are immediately exercisable and expire
          ten years after date of grant.</font></p>

    <p><font size="3">Changes during the three years ended December
    31, 2005, in options outstanding under the plan were as
    follows:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="61%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="15%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Weighted-Average</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="15%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Shares</u></b></font></td>

            <td width="1%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>Exercise
                Price</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>Under
                Option</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Balance, December
                28, 2002</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$34.99</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;111,270</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exercised</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">$27.99</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,170</u></font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Balance, December
                27, 2003</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$35.20</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;108,100</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exercised</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">$29.84</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">(7,650</font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expired</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$26.50</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(700</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forfeited</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$34.35</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,500</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Balance, December
                25, 2004</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$35.69</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;98,250</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exercised</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$33.11</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(5,200</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forfeited</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$35.97</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(900</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Balance, December
                31, 2005</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$35.83</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;92,150</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">Exercise prices for options
          outstanding as of December 31, 2005 ranged from $31.50 to
          $37.94. The weighted-average remaining contractual life
          of those options is three years. As of December 31, 2005,
          all options are exercisable.</font></p>

    <p align="center"><font size="3"><b>Page 22 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 8 Long-Term Debt</b><br clear=
    "left"></font><font size="3"
          face="Times New Roman">In October 2002, the company
          entered into a three-year unsecured Revolving Credit
          Agreement (the "Credit Agreement") in the amount of $100
          million to provide funds for general corporate purposes
          including working capital and letters of credit. The
          Credit Agreement required the maintenance of affirmative
          and negative covenants, which among other things
          restricted stock purchases, capital expenditures, and
          asset dispositions. The covenants included the
          preservation of a minimum consolidated net worth and a
          fixed charge coverage ratio. Borrowings under the Credit
          Agreement were to bear interest at a Base-Rate Option or
          Euro-Rate Option at the discretion of the company. The
          Base-Rate was the greater of Prime Rate or 0.50% plus the
          Federal Funds Effective Rate. The Euro-Rate was based
          upon the London interbank market plus an Applicable
          Margin. The Applicable Margin equaled 0.625% plus a Usage
          Fee of 0.125% when borrowings exceeded 33% of the
          aggregate committed amounts, or 0.25% when borrowings
          exceeded 67% of the aggregate committed amounts, or 0% in
          all other cases. The company paid a commitment fee equal
          to 0.15% per annum on the unused portion of the Credit
          Agreement. On October 18, 2005, the company allowed the
          Credit Agreement to expire.</font></p>

    <p align="center"><font size="3"><b>Page 23 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 9 Income Taxes</b><br clear="left">
    The provision (benefit) for income taxes consists
    of:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="61%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">Current:</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;Federal</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">34,991</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">21,322</font></td>

            <td align="right"
                valign="bottom"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"><font size="3">28,387</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;State</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3,739</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2,304</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,520</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">Deferred:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Federal</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(2,443</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">6,727</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3,141</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size=
                "3">&nbsp;&nbsp;&nbsp;State</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;(402</u></font></td>

            <td align="left"
                valign="bottom"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580</u></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,885</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,412</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,628</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">The reconciliation of income taxes
          computed at the federal statutory rate (35% in 2005, 2004
          and 2003) to the provision for income taxes
          is:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="65%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="7%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Income taxes at
                federal statutory rate</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">34,757</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">30,661</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">30,871</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">State income taxes,
                net of federal income tax benefit</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">2,169</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">1,536</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">1,366</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Resolution and accrual of
                  audit contingencies</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(300</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(1,590</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,625</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Other</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;(741</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;(195</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;(234</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Provision for income taxes
                (effective tax rate 36.1%, 34.7% and 38.1%,
                respectively)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;35,885</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;30,412</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;33,628</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">The company accrued for probable
          liabilities resulting from tax assessments by federal and
          state tax authorities in 2003. During 2003, the Internal
          Revenue Service completed its routine audit of the
          company's federal income tax returns for the years 1997
          through 2001. Resolution was completed with respect to
          the various tax issues in the examination in 2004 and
          adjustments were made to certain previously filed tax
          returns.</font></p>

    <p><font size="3"
          face="Times New Roman">Cash paid for income taxes was
          $34,995,000, $29,446,000 and $31,123,000 in 2005, 2004
          and 2003, respectively.</font></p>

    <p><font size="3"
          face="Times New Roman">The tax effects of temporary
          differences that give rise to deferred tax assets and
          deferred tax liabilities at December 31, 2005 and
          December 25, 2004, are:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="61%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="3%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="7%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="3%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td width="10%"
                align="center"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="3%"
                align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Deferred tax
                assets:</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Accounts
                receivable</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">221</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">249</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Compensated
                absences</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">487</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">521</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Employee benefit
                plans</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">11,360</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">8,741</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;General liability
                insurance</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,325</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,750</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Nondeductible accruals and
                other</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,899</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,907</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
                deferred tax assets</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,292</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,168</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Deferred tax
                liabilities:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Inventories</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(7,886</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(7,799</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Unrealized gain on marketable
                securities</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(3,047</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">(3,366</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Depreciation</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,596</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,404</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
                deferred tax liabilities</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38,529</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40,569</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Net deferred tax
                liability</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,237</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26,401</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Current deferred
                asset - net</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">4,359</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">3,003</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Noncurrent
                deferred liability - net</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,596</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,404</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Net deferred tax
                liability</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,237</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26,401</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>
        </tr>
    </table>

    <p align="center"><font size="3"><b>Page 24 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b>Note 10 Comprehensive
        Income</b><br clear="left"></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="61%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2005</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2004</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="9%"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>2003</u></b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net
                income</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">63,421</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">57,191</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">54,576</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Other comprehensive
                income by component, net of tax:</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Unrealized holding (losses)
                gains arising during period (Net of deferred taxes
                of &nbsp;$144, $248 and $201,
                respectively)</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">(204</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">350</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">283</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3">&nbsp;&nbsp;&nbsp;Reclassification adjustment
                for gains included in net income (Net of deferred
                taxes of $175, $22 and $0,
                respectively)</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(247</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Other
                comprehensive income, net of tax</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(451</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">)</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283</u></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">Comprehensive
                income</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62,970</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,510</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF"><font size=
                "3"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,859</u></font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#FFFFFF">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3"><b>Note 11 Summary of Quarterly Results
    (Unaudited)</b><br clear="left">
    Quarterly financial data for 2005 and 2004 are as
    follows:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="38%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands,</i></font></td>

            <td colspan="6"
                align="center"
                valign="bottom"><font size="2"><b><u>Thirteen Weeks
                Ended</u></b></font></td>

            <td colspan="2"
                align="center"
                valign="top"><font size="2"><b><u>Fourteen Weeks
                Ended</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>except per share
                amounts)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="13%"
                align="center"
                valign="bottom"><font size="2"><b><u>Mar. 26,
                2005</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="2"><b><u>June 25,
                2005</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="2"><b><u>Sep. 24,
                2005</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="2"><b><u>Dec. 31,
                2005</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net
                sales</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">549,712</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">535,734</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">535,251</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">601,901</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Gross profit on
                sales</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">145,107</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">143,331</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">142,521</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">155,502</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net
                income</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">16,764</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">14,625</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">13,667</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">18,365</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Basic and diluted
                earnings per share</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.62</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.54</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.51</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.68</font></td>
        </tr>
    </table>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="38%"
                align="left"
                valign="bottom"><font size="2"><i>(dollars in
                thousands,</i></font></td>

            <td colspan="8"
                align="center"
                valign="bottom"><font size="2"><b><u>Thirteen Weeks
                Ended</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="2"><i>except per share
                amounts)</i></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="13%"
                align="center"
                valign="bottom"><font size="2"><b><u>Mar. 27,
                2004</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="2"><b><u>June 26,
                2004</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="2"><b><u>Sep. 25,
                2004</u></b></font></td>

            <td width="2%"
                align="center"
                valign="bottom">&nbsp;</td>

            <td width="12%"
                align="center"
                valign="bottom"><font size="2"><b><u>Dec. 25,
                2004</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net
                sales</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">520,669</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">521,374</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">518,639</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">537,030</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Gross profit on
                sales</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">136,424</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">136,723</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">136,697</font></td>

            <td align="right"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">139,658</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Net
                income</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">16,235</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">13,644</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">12,214</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">15,098</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Basic and diluted
                earnings per share</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.60</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.50</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.45</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="right"
                valign="bottom"><font size="3">.56</font></td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman"><b>Note 12 Fair Value
          Information</b></font><font size="3"><br clear=
          "left"></font><font size="3"
          face="Times New Roman">The carrying amounts for cash,
          accounts receivable and accounts payable approximate fair
          value because of the short maturities of these
          instruments. The fair values of the company's marketable
          securities, as disclosed in Note 2, are based on quoted
          market prices.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Note 13
          Contingencies</b></font><font size="3"><br clear=
          "left"></font><font size="3"
          face="Times New Roman">The company is involved in various
          legal actions arising out of the normal course of
          business. In the opinion of management, the ultimate
          disposition of these matters will not have a material
          adverse effect on the company's consolidated financial
          position, results of operations or liquidity.</font></p>

    <p align="center"><font size="3"><b>Page 25 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b><a name="0085">WEIS MARKETS,
            INC.</a></b></font>
        </center>
    </div>

    <p align="center"><font size="3"
          face="Times New Roman"><b>Report of Independent
          Registered Public Accounting Firm</b></font></p>

    <p><font size="3"
          face="Times New Roman">The Board of Directors and
          Shareholders</font></p>

    <p><font size="3"
          face="Times New Roman">Weis Markets, Inc.</font></p>

    <p><font size="3"
          face="Times New Roman">Sunbury, Pennsylvania</font></p>

    <p><font size="3"
          face="Times New Roman">We have audited the accompanying
          consolidated balance sheets of Weis Markets, Inc. as of
          December 31, 2005 and December 25, 2004, and the related
          consolidated statements of income, shareholders' equity,
          and cash flows for the fiscal years ended December 31,
          2005 and December 25, 2004 (53 weeks and 52 weeks,
          respectively). We have also audited management's
          assessment, included in the accompanying Form 10-K, that
          Weis Markets, Inc. maintained effective internal control
          over financial reporting as of December 31, 2005, based
          on criteria established in Internal
          Control&mdash;Integrated Framework issued by the
          Committee of Sponsoring Organizations of the Treadway
          Commission (COSO). Weis Markets, Inc.'s management is
          responsible for these financial statements, for
          maintaining effective internal control over financial
          reporting, and for its assessment of the effectiveness of
          internal control over financial reporting. Our
          responsibility is to express an opinion on these
          financial statements, an opinion on management's
          assessment, and an opinion on the effectiveness of the
          company's internal control over financial reporting based
          on our audits. The consolidated financial statements of
          Weis Markets, Inc. for the period ended December 27,
          2003, were audited by other auditors whose report, dated
          January 27, 2004, expressed an unqualified opinion on
          those statements.</font></p>

    <p><font size="3"
          face="Times New Roman">We conducted our audits in
          accordance with the standards of the Public Company
          Accounting Oversight Board (United States). Those
          standards require that we plan and perform the audits to
          obtain reasonable assurance about whether the financial
          statements are free of material misstatement and whether
          effective internal control over financial reporting was
          maintained in all material respects. Our audit of the
          financial statements included examining, on a test basis,
          evidence supporting the amounts and disclosures in the
          financial statements, assessing the accounting principles
          used and significant estimates made by management, and
          evaluating the overall financial statement
          presentation.</font></p>

    <p><font size="3"
          face="Times New Roman">Our audit of internal control
          included obtaining an understanding of internal control
          over financial reporting, evaluating management's
          assessment, testing and evaluating the design and
          operating effectiveness of internal control, and
          performing such other procedures as we considered
          necessary in the circumstances. We believe that our
          audits provide a reasonable basis for our
          opinions.</font></p>

    <p><font size="3"
          face="Times New Roman">A company's internal control over
          financial reporting is a process designed to provide
          reasonable assurance regarding the reliability of
          financial reporting and the preparation of financial
          statements for external purposes in accordance with
          generally accepted accounting principles. A company's
          internal control over financial reporting includes those
          policies and procedures that (1) pertain to the
          maintenance of records that, in reasonable detail,
          accurately and fairly reflect the transactions and
          dispositions of the assets of the company; (2) provide
          reasonable assurance that transactions are recorded as
          necessary to permit preparation of financial statements
          in accordance with generally accepted accounting
          principles, and that receipts and expenditures of the
          company are being made only in accordance with
          authorizations of management and directors of the
          company; and (3) provide reasonable assurance regarding
          prevention or timely detection of unauthorized
          acquisition, use, or disposition of the company's assets
          that could have a material effect on the financial
          statements.</font></p>

    <p><font size="3"
          face="Times New Roman">Because of its inherent
          limitations, internal control over financial reporting
          may not prevent or detect misstatements. Also,
          projections of any evaluation of effectiveness to future
          periods are subject to the risk that controls may become
          inadequate because of changes in conditions, or that the
          degree of compliance with the policies or procedures may
          deteriorate.</font></p>

    <p><font size="3"
          face="Times New Roman">In our opinion, the financial
          statements referred to above present fairly, in all
          material respects, the consolidated financial position of
          Weis Markets, Inc. as of December 31, 2005 and December
          25, 2004, and the consolidated results of its operations
          and its cash flows for the fiscal years ended December
          31, 2005 and December 25, 2004 (53 weeks and 52 weeks,
          respectively), in conformity with accounting principles
          generally accepted in the United States of America. Also
          in our opinion, management's assessment that Weis
          Markets, Inc. maintained effective internal control over
          financial reporting as of December 31, 2005, is fairly
          stated, in all material respects, based on criteria
          established in Internal Control&mdash;Integrated
          Framework issued by the Committee of Sponsoring
          Organizations of the Treadway Commission (COSO).
          Furthermore, in our opinion, Weis Markets, Inc.
          maintained, in all material respects, effective internal
          control over financial reporting as of December 31, 2005,
          based on criteria established in Internal
          Control&mdash;Integrated Framework issued by the
          Committee of Sponsoring Organizations of the Treadway
          Commission (COSO).</font></p>

    <p><font size="3"
          face="Times New Roman">Our audits were conducted for the purpose of forming an opinion on the basic consolidated financial statements taken as a whole.  Schedule II is presented for purposes of additional analysis and is not a required part of the basic consolidated financial statements.  This schedule has been subjected to the auditing procedures applied in the audits of the basic consolidated financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic consolidated financial statements taken as a whole.</font></p>

    <p><font size="3"
          face="Times New Roman">Philadelphia, Pennsylvania&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          /S/Grant Thornton LLP<br clear="left">
    February 10, 2006</font></p>

    <p align="center"><font size="3"><b>Page 26 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <a href="#000"><font size="1"><font size="3">Table of
    Contents</font></font></a>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p align="center"><font size="3"><b>Report of Independent
    Registered Public Accounting Firm</b></font></p>

    <p><font size="3">The Board of Directors and
    Shareholders<br clear="left">
    Weis Markets, Inc.</font></p>

    <p><font size="3">We have audited the consolidated balance
    sheet of Weis Markets, Inc. as of December 27, 2003 (not
    included herein), and the related consolidated statements of
    income, shareholders' equity and cash flows for the year then
    ended. Our audit also included the 2003 financial statement
    schedule listed in the Index at Item 15(a). These financial
    statements and schedule are the responsibility of the Company's
    management. Our responsibility is to express an opinion on
    these financial statements and schedule based on our
    audit.</font></p>

    <p><font size="3">We conducted our audit in accordance with the
    standards of the Public Company Accounting Oversight Board
    (United States). Those standards require that we plan and
    perform the audit to obtain reasonable assurance about whether
    the financial statements are free of material misstatement. We
    were not engaged to perform an audit of the Company's internal
    control over financial reporting. Our audit included
    consideration of internal control over financial reporting as a
    basis for designing audit procedures that are appropriate in
    the circumstances, but not for the purpose of expressing an
    opinion on the effectiveness of the Company's internal control
    over financial reporting. Accordingly, we express no such
    opinion. An audit also includes examining, on a test basis,
    evidence supporting the amounts and disclosures in the
    financial statements, assessing the accounting principles used
    and significant estimates made by management, and evaluating
    the overall financial statement presentation. We believe that
    our audit provides a reasonable basis for our
    opinion.</font></p>

    <p><font size="3">In our opinion, the financial statements
    referred to above present fairly, in all material respects, the
    consolidated financial position of Weis Markets, Inc. at
    December 27, 2003, and the consolidated results of its
    operations and its cash flows for the year then ended, in
    conformity with U.S. generally accepted accounting principles.
    Also, in our opinion, the related 2003 financial statement
    schedule, when considered in relation to the basic financial
    statements taken as a whole, presents fairly in all material
    respects the information set forth therein.</font></p>

    <p><font size="3">/s/ Ernst &amp; Young LLP</font></p>

    <p><font size="3">Baltimore, Maryland<br clear="left">
     January 27, 2004,<br clear="left">
     except for Note 1(e), as to which the date is<br clear="left">
    March 4, 2005</font></p>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 27 of 32 (Form
    10-K)</b></font></p>
    <hr>

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        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b><a name="009">Item
    9.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in and
    Disagreements With Accountants on Accounting and Financial
    Disclosure:</b></font></p><br clear="left">

    <p><font size="3"
          face="Times New Roman">No additional disclosure is
          required regarding the company's change in independent
          accountants. Form 8-K filed on September 29, 2004 is
          incorporated herein by reference.</font></p>

    <p><font size="3"><b><a name="0091">Item 9a. Controls and
    Procedures:</a></b></font></p>

    <p><font size="3"
          face="Times New Roman"><b>Management's Report on
          Disclosure Controls and Procedures</b></font></p>

    <p><font size="3">The Chief Executive Officer and the Chief
    Financial Officer of the company (its principal executive
    officer and principal financial officer, respectively) have
    concluded, based on their evaluation as of the close of the
    period covered by this Report, that the company's disclosure
    controls and procedures are effective to ensure that
    information required to be disclosed by the company in the
    reports filed or submitted by it under the Securities Exchange
    Act of 1934, as amended, is recorded, processed, summarized and
    reported within the time periods specified in the SEC's rules
    and forms, and include controls and procedures designed to
    ensure that information required to be disclosed by the company
    in such reports is accumulated and communicated to the
    company's management, including the Chief Executive Officer and
    Chief Financial Officer, as appropriate to allow timely
    decisions regarding required disclosure.</font></p>

    <p><font size="3"
          face="Times New Roman"><b>Management's Report on Internal
          Control Over Financial Reporting</b></font></p>

    <p><font size="3">The management of the company is responsible
    for establishing and maintaining adequate internal control over
    financial reporting.</font> <font size="3"
          face="Times New Roman">The company's internal control
          system was designed to provide reasonable assurance to
          the company's management and board of directors regarding
          the preparation and fair presentation of published
          financial statements.</font> <font size="3"
          face="Times New Roman">In making its assessment of
          internal control over financial reporting, management
          used the criteria issued by the Committee of Sponsoring
          Organizations of the Treadway Commission (COSO) in
          Internal Control&mdash;Integrated Framework. All internal
          control systems, no matter how well designed, have
          inherent limitations. Therefore, even those systems
          determined to be effective can provide only reasonable
          assurance with respect to financial statement preparation
          and presentation.</font></p>

    <p><font size="3"
          face="Times New Roman">With the participation of the
          Chief Executive Officer and the Chief Financial Officer,
          management concluded that the company's internal control
          over financial reporting was effective as of December 31,
          2005.</font></p>

    <p><font size="3"
          face="Times New Roman">Management's assessment of the
          effectiveness of the company's internal control over
          financial reporting as of December 31, 2005 has been
          audited by Grant Thornton LLP, an independent registered
          public accounting firm, as stated in their report which
          is included in Part II, Item 8, page 26 of this annual
          report on Form 10-K.</font></p>

    <p><font size="3">There were no changes in the company's
    internal control over financial reporting</font> <font size="3"
          face="Times New Roman">during the fiscal quarter ended
          December 31, 2005, that materially affected, or are
          reasonably likely to materially affect, the company's
          internal control over financial reporting.</font> </p>

    <p><font size="3"><b><a name="0092">Item
    9b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
    Information:</a></b></font></p>

    <p><font size="3">There was no information required on Form 8-K
    during this quarter that was not reported.</font></p>

    <p align="center"><font size="3"><b>Page 28 of 32 (Form
    10-K)</b></font></p>
    <hr>

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    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b><a name="03">PART
    III</a></b></font></p>

    <p align="center">&nbsp;</p>

    <p><font size="3"><b><a name="010">Item
    10.&nbsp;</a>&nbsp;&nbsp;&nbsp;&nbsp;Directors and Executive
    Officers of the Registrant:</b></font></p>

    <p><font size="3">"Election of Directors" on pages 4 and 5 and
    "Audit Committee Financial Expert" on page 7 of the Weis
    Markets, Inc. definitive proxy statement dated March 3, 2006 is
    incorporated herein by reference.</font></p>

    <p><font size="3">Officers not listed on pages 4 and 5 in the
    Weis Markets, Inc. definitive proxy statement dated March 3,
    2006:</font></p>

    <p><font size="3"><u>Edward W. Rakoskie, Jr.</u> The company
    has employed Mr. Rakoskie since 1962 in various operational
    positions. Mr. Rakoskie served as Vice President Store
    Operations from 1995 through 1997 and was promoted to Vice
    President of Operations in 1998.</font></p>

    <p><font size="3">The company has adopted a "Code of Business
    Conduct and Ethics" that applies to all of its directors,
    officers and employees. Separately, the company also adopted a
    "Code of Ethics for CEO and CFO" specific to its chief
    executive officer, chief financial officer, controller and any
    person performing similar functions. The company has made both
    documents available on its corporate governance website at
    http://weismarkets.com/governance_info.php.</font></p>

    <p><font size="3"><b><a name="011">Item
    11.&nbsp;</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
    Compensation:</b></font></p>

    <p><font size="3">"Committees of the Board and Meeting
    Attendance," "Compensation Committee Interlocks and Insider
    Participation," "Summary Compensation Table," "Aggregated
    Option/SAR Exercises in Last Fiscal Year and Fiscal Year-End
    Option/SAR Values," and "Board Compensation Committee Report on
    Executive Compensation," on pages 6 through 9 of the Weis
    Markets, Inc. definitive proxy statement dated March 3, 2006
    are incorporated herein by reference.</font></p>

    <p><font size="3"><b><a name="012">Item
    12.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Security Ownership of
    Certain Beneficial Owners and Management and Related
    Stockholder Matters:</b></font></p>

    <p><font size="3">"Outstanding Voting Securities and Voting
    Rights" on pages 3 and 4 of the Weis Markets, Inc. definitive
    proxy statement dated March 3, 2006 is incorporated herein by
    reference.</font></p>

    <p><font size="3"><b><a name="013">Item
    13.&nbsp;</a>&nbsp;&nbsp;&nbsp;&nbsp;Certain Relationships and
    Related Transactions:</b></font></p>

    <p><font size="3">Other Arrangements: Central Properties, Inc.,
    a Pennsylvania corporation ("Central Properties"), owns the
    land under a company store and an adjacent parking lot in
    Lebanon, Pennsylvania. Central Properties leased these
    properties to the company for $</font><font size="3"
          face="Times New Roman">82,080</font> <font size="3">in
          fiscal 2005. The stockholders of Central Properties
          include Michael M. Apfelbaum and certain of his family
          members, Jonathan H. Weis and Robert F. Weis, each of
          whom is a director of the company.</font></p>

    <p><font size="3"
          face="Times New Roman"><b><a name="014">Item 14.</a>
          &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Accountant Fees
          and Services:</b></font></p>

    <p><font size="3">"Ratification Of Appointment Of Independent
    Registered Public Accounting Firm" on pages 10 and 11 of the
    Weis Markets, Inc. definitive proxy statement dated March 3,
    2006 is incorporated herein by reference.</font></p>

    <p align="center"><font size="3"><b>Page 29 of 32 (Form
    10-K)</b></font></p>
    <hr>

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        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><a name="04"></a><a name=
    "3">PART IV</a></font></p>

    <p><font size="3"><b><a name="015">Item
    15.&nbsp;</a>&nbsp;&nbsp;&nbsp;&nbsp;Exhibits, Financial
    Statement Schedules:</b></font></p>

    <p><font size="3">(a)(1)&nbsp;&nbsp;</font><font size="3"
          face="Times New Roman">The company's 2005 Consolidated
          Financial Statements and the Report of Independent
          Registered Public Accounting Firms are included in Item 8
          of Part II.</font><font size="3"><br clear=
          "left"></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td colspan="4"
                align="left"
                valign="bottom"><a href="#008"><font size=
                "3">Financial Statements</font></a></td>

            <td width="21%"
                align="center"
                valign="bottom"><font size=
                "3"><u>Page</u></font></td>
        </tr>

        <tr>
            <td width="4%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#008"><font size=
                "3">Consolidated Balance Sheets</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">11</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#0081"><font size=
                "3">Consolidated Statements of
                Income</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">12</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#0082"><font size=
                "3">Consolidated Statements of Shareholders'
                Equity</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">13</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#0083"><font size=
                "3">Consolidated Statements of Cash
                Flows</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">14</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#0084"><font size=
                "3">Notes to Consolidated Financial
                Statements</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">15</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="left"
                valign="bottom"><a href="#0085"><font size=
                "3">Report of Independent Registered Public
                Accounting Firms</font></a></td>

            <td align="center"
                valign="bottom"><font size="3">26</font></td>
        </tr>
    </table>

    <p><font size="3">(a)(2) &nbsp;Financial statement schedules
    required to be filed by Item 8 of this form, and by Item
    15(c)(3) below:<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schedule
    II - Valuation and Qualifying Accounts, page 31 of</font>
    <font size="3"
          face="Times New Roman">this annual report on Form
          10-K</font><font size="3"><br clear="left"></font></p>

    <p><font size="3">All other schedules for which provision is
    made in the applicable accounting regulation of the Securities
    and Exchange Commission are not required under the related
    instructions or are inapplicable and therefore have been
    omitted.</font></p>

    <p><font size="3">(a)(3)&nbsp;&nbsp;A listing of exhibits filed
    or incorporated by reference is as follows:</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="17%"
                align="left"
                valign="bottom"><font size="3"><b><u>Exhibit
                No.</u></b></font></td>

            <td width="82%"
                align="left"
                valign="bottom"><font size=
                "3"><b><u>Exhibits</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">3-A</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Articles of
                Incorporation, filed as exhibit 4.1 in Form S-8 on
                September 13, 2002 and incorporated herein by
                reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">3-B<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"><font size="3">By-Laws, filed as
                exhibit under Part IV, Item 14(c) in the annual
                report on Form 10-K for the fiscal year ended
                December 29, 2001 and incorporated herein by
                reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">10-A<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Profit Sharing
                Plan, filed as exhibit under Part IV, Item 15(c) in
                the annual report on Form 10-K for the fiscal year
                ended December 28, 2002 and incorporated herein by
                reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">10-B<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"><font size="3">Stock Bonus Plan,
                filed as exhibit under Part IV, Item 15(c) in the
                annual report on Form 10-K for the fiscal year
                ended December 28, 2002 and incorporated herein by
                reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">10-C<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Company
                Appreciation Plan, filed as exhibit under Part IV,
                Item 14(c) in annual report on Form 10-K for the
                fiscal year ended December 29, 2001 and
                incorporated herein by reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">10-D</font></td>

            <td align="left"
                valign="bottom"><font size="3">Stock Option Plan,
                filed on Form S-8 on September 13, 2002 and
                incorporated herein by reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">10-E<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Supplemental
                Employee Retirement Plan, filed as exhibit under
                Part IV, Item 14(c) in annual report on Form 10-K
                for the fiscal year ended December 29, 2001 and
                incorporated herein by reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">10-F<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"><font size="3">Executive Employment
                Contract - CEO, filed as exhibit under Part IV,
                Item 14(c) in annual report on Form 10-K for the
                fiscal year ended December 29, 2001 and
                incorporated herein by reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">10-G<br clear=
                "left"></font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Executive
                Employment Contract - CFO, filed as exhibit under
                Part IV, Item 15(c) in the annual report on Form
                10-K for the fiscal year ended December 28, 2002
                and incorporated herein by reference.</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">21</font></td>

            <td align="left"
                valign="bottom"><font size="3">Subsidiaries of the
                Registrant</font><font size="3"
                  face="Times New Roman">, filed with this annual
                  report on Form 10-K</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">23.1</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Consent of Grant
                Thornton LLP,</font> <font size="3"
                  face="Times New Roman">filed with this annual
                  report on Form 10-K</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">23.2</font></td>

            <td align="left"
                valign="bottom"><font size="3">Consent of Ernst
                &amp; Young LLP,</font> <font size="3"
                  face="Times New Roman">filed with this annual
                  report on Form 10-K</font></td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">
                <p align="left"><font size="3">31.1</font></p>
            </td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Rule 13a-14(a)
                Certification - CEO,</font> <font size="3"
                  face="Times New Roman">filed with this annual
                  report on Form 10-K</font></td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom">
                <p align="left"><font size="3">31.2</font></p>
            </td>

            <td align="left"
                valign="bottom"><font size="3">Rule 13a-14(a)
                Certification - CFO,</font> <font size="3"
                  face="Times New Roman">filed with this annual
                  report on Form 10-K</font></td>
        </tr>

        <tr>
            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">
                <p align="left"><font size="3">32</font></p>
            </td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3"
                  face="Times New Roman">Certification Pursuant to
                  18 U.S.C. Section 1350, filed with this annual
                  report on Form 10-K</font></td>
        </tr>
    </table>

    <p><font size="3"
          face="Times New Roman">The company will provide a copy of
          any exhibit upon receipt of a written request for the
          particular exhibit or exhibits desired. All requests
          should be addressed to the company's principal executive
          offices.</font></p>

    <p><font size="3"
          face="Times New Roman">(b)&nbsp;The company files as
          exhibits to this annual report on Form 10-K, those
          exhibits listed in Item 15(a)(3) above.<br clear=
          "left"></font> </p>

    <p align="center"><font size="3"><b>Page 30 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>


<a href="#000"><font size="1"><font size="3">Table of
    Contents</font></font></a>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p><font size="3"><b><a name="0151"></a><a name="16">Item
    15(c)(3).</a> Financial Statement Schedules</b></font></p>

    <p><font size="3"><b>Schedule II - Valuation and Qualifying
    Accounts:</b></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td colspan="11"
                align="center"
                valign="bottom">
                <div style="margin-left: 2em">
                    <center>
                        <font size="3"><b>SCHEDULE II - VALUATION
                        AND QUALIFYING ACCOUNTS</b></font>
                    </center>
                </div>
            </td>
        </tr>

        <tr>
            <td colspan="11"
                align="center"
                valign="bottom">
                <div style="margin-left: 2em">
                    <center>
                        <font size="3"><b>WEIS MARKETS,
                        INC.</b></font>
                    </center>
                </div>
            </td>
        </tr>

        <tr>
            <td colspan="11"
                align="center"
                valign="bottom"><font size="2"><i>(dollars in
                thousands)</i></font></td>
        </tr>

        <tr>
            <td width="32%"
                align="center"
                valign="bottom"><font size="3"><u>COL.
                A</u></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom"><font size="3"><u>COL.
                B</u></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="center"
                valign="bottom"><font size="3"><u>COL.
                C</u></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom"><font size="3"><u>COL.
                D</u></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom"><font size="3"><u>COL.
                E</u></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td colspan="3"
                align="center"
                valign="bottom"><font size=
                "3"><b><u>Additions</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b>Balance
                at</b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom"><font size="3"><b>Charged
                to</b></font></td>

            <td width="2%"
                align="left"
                valign="bottom">&nbsp;</td>

            <td width="11%"
                align="center"
                valign="bottom"><font size="3"><b>Charged
                to</b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b>Balance
                at</b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b>Beginning</b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b>Costs
                and</b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b>Accounts</b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b>Deductions</b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b>End
                of</b></font></td>
        </tr>

        <tr>
            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Description</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>of
                Period</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Expenses</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Describe</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size="3"><b><u>Describe
                (1)</u></b></font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="center"
                valign="bottom"><font size=
                "3"><b><u>Period</u></b></font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Year ended
                December 31, 2005:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Deducted from asset
                accounts:</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Allowance for
                uncollectible accounts</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,693</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">496</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">960</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,229</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Year ended
                December 25, 2004:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Deducted from asset
                accounts:</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Allowance for
                uncollectible accounts</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,498</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,576</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,381</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,693</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Year ended
                December 27, 2003:</font></td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>

            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"><font size="3">Deducted from asset
                accounts:</font></td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">Allowance for
                uncollectible accounts</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,878</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2,164</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size=
                "3">---&nbsp;&nbsp;&nbsp;&nbsp;</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">2,544</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">$</font></td>

            <td align="right"
                valign="bottom"
                bgcolor="#EFEFEF"><font size="3">1,498</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>

            <td align="left"
                valign="bottom">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="11"
                align="left"
                valign="bottom"><font size="2">(1) Deductions are
                uncollectible accounts written off, net of
                recoveries.</font></td>
        </tr>
    </table>

    <p align="center"><font size="3"><b>Page 31 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <div style="margin-left: 2em">
        <center>
            <font size="3"><b>WEIS MARKETS, INC.</b></font>
        </center>
    </div>

    <p align="center"><font size="3"><b><a name=
    "05">SIGNATURES</a></b></font></p>

    <p><font size="3">&nbsp;</font></p>

    <p><font size="3">Pursuant to the requirements of Section 13 or
    15(d) of the Securities Exchange Act of 1934, the Registrant
    has duly caused this report to be signed on its behalf by the
    undersigned, thereunto duly authorized.</font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="16%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="26%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="34%"
                align="center"
                valign="top"><font size="3"><u>WEIS MARKETS,
                INC.</u></font></td>

            <td width="22%"
                align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size=
                "3">(Registrant)</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/Norman S.
                Rich</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Norman S.
                Rich</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">President / Chief
                Executive Officer</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">and
                Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>
    </table>

    <p><font size="3">Pursuant to the requirements of the
    Securities Exchange Act of 1934, this report has been signed
    below by the following persons on behalf of the Registrant and
    in the capacities and on the dates indicated.</font></p>

    <p align="center">&nbsp;</p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="16%"
                align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td width="26%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="34%"
                align="center"
                valign="top"><font size="3"><u>/S/Robert F.
                Weis</u></font></td>

            <td width="22%"
                align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Robert F.
                Weis</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Chairman of the Board
                of Directors</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/Jonathan H.
                Weis</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Jonathan H.
                Weis</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Vice Chairman and
                Secretary</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">and
                Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/Norman S.
                Rich</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Norman S.
                Rich</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">President / Chief
                Executive Officer</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">and
                Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/William R.
                Mills</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">William R.
                Mills</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Senior Vice
                President&nbsp;and Treasurer /</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Chief Financial Officer
                / Chief Accounting Officer</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">and
                Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/Richard E.
                Shulman</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Richard E.
                Shulman</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/Michael M.
                Apfelbaum</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Michael M.
                Apfelbaum</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size=
                "3">Date&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;03/03/2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3"><u>/S/Steven C.
                Smith</u></font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Steven C.
                Smith</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="center"
                valign="top"><font size="3">Director</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>
    </table>

    <p align="center">&nbsp;</p>

    <p align="center"><font size="3"><b>Page 32 of 32 (Form
    10-K)</b></font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <p align="right"><font size="3"><b><a name="21">EXHIBIT
    21</a></b></font></p>

    <p align="center"><font size="3"><b>WEIS MARKETS,
    INC.</b></font></p>

    <p align="center"><font size="3"><b>SUBSIDIARIES OF THE
    REGISTRANT</b></font></p>

    <p align="center">&nbsp;</p>

    <table cellspacing="0"
           cellpadding="5"
           width="100%">
        <tr>
            <td width="55%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="17%"
                align="center"
                valign="top"><font size="3"><u>State of
                Incorporation</u></font></td>

            <td width="15%"
                align="center"
                valign="top"><font size="3"><u>Percent Owned</u>
                <u>by Registrant</u></font></td>

            <td width="12%"
                align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">Albany Public Markets,
                Inc.</font></td>

            <td align="center"
                valign="top"><font size="3">New York</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">Dutch Valley Food
                Company, Inc.</font></td>

            <td align="center"
                valign="top"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">King's Supermarkets,
                Inc.</font></td>

            <td align="center"
                valign="top"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">Martin's Farm Market,
                Inc.</font></td>

            <td align="center"
                valign="top"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">Shamrock Wholesale
                Distributors, Inc.</font></td>

            <td align="center"
                valign="top"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">SuperPetz,
                LLC</font></td>

            <td align="center"
                valign="top"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">Weis Transportation,
                Inc.</font></td>

            <td align="center"
                valign="top"><font size=
                "3">Pennsylvania</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top"><font size="3">WMK Financing,
                Inc.</font></td>

            <td align="center"
                valign="top"><font size="3">Delaware</font></td>

            <td align="center"
                valign="top"><font size="3">100%</font></td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td colspan="4"
                align="left"
                valign="top"><font size="3">The consolidated
                financial statements include the accounts of the
                company and its subsidiaries.</font></td>
        </tr>
    </table>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><font size="3"><a href="#000">Table of
    Contents</a></font></p>

    <p align="right"><font size="3"><b>EXHIBIT 23.1</b></font></p>

    <p align="center"><font size="3"><b>WEIS MARKETS,
        INC.<br clear="left"></b></font></p>

    <p align="center"><font size="3"><b><a name=
       "231"></a><a name="233"></a><a name="314">Consent of
       Independent Registered Public Accounting
       Firm</a></b></font></p>

    <p><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have
    issued our report dated February 10, 2006, accompanying the
    consolidated financial statements and schedules and management's assessment of the effectiveness of internal control over financial reporting included in the
    Annual Report of Weis Markets, Inc. on Form 10-K for the year
    ended December 31, 2005. We hereby consent to the incorporation
    by reference of said report in the Registration Statement of
    Weis Markets, Inc. on Form S-8 (File No. 333-99535, effective
    September 13, 2002).</font></p>

    <p><font size="3">Philadelphia,
    Pennsylvania&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="3"
          face="Times New Roman">/S/Grant Thornton
          LLP</font><font size="3"><br clear="left">
    February 10, 2006</font></p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><font size="3"><a href="#000">Table of
    Contents</a></font></p>

    <p align="right"><font size="3"><b>EXHIBIT 23.2</b></font></p>

    <p align="center"><font size="3"><b>WEIS MARKETS,
        INC.<br clear="left"></b></font></p>

    <p align="center"><font size="3"><b><a name=
       "232"></a><a name="313">Consent of Independent Registered
       Public Accounting Firm</a></b></font></p>

    <p><font size="3">We consent to the incorporation by reference
    in the Registration Statement (Form S-8 No. 333-99535)
    pertaining to the 1985 and 1995 Stock Option Plans of Weis
    Markets, Inc. of our report dated January 27, 2004, except for
    Note 1(e), as to which the date is March 4, 2005, with respect
    to the consolidated financial statements and schedule of Weis
    Markets, Inc. included in the Annual Report (Form 10-K) for the
    year ended December 31, 2005.</font></p>

    <p><font size="3">Baltimore,
    Maryland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
    Ernst &amp; Young LLP<br clear="left">
    February 10, 2006</font></p>

    <p align="center">&nbsp;</p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000"><font size="3">Table of
    Contents</font></a></p>

    <p align="right"><font size="3"><b>EXHIBIT 31.1</b></font></p>

    <p align="center"><font size="3"><b>WEIS MARKETS,
        INC.<br clear="left"></b></font></p>

    <p align="center"><font size="3"><b><a name=
    "311">CERTIFICATION- CEO</a></b></font></p>

    <p><font size="3">I, Norman S. Rich, President/CEO of Weis
    Markets, Inc., certify that:<br clear="left"></font></p>

    <p><font size="3">1.&nbsp;&nbsp;I have reviewed this annual
    report on Form 10-K of Weis Markets, Inc.;<br clear=
    "left"></font></p>

    <p><font size="3">2.&nbsp;&nbsp;Based on my knowledge, this
    report does not contain any untrue statement of a material fact
    or omit<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to state a material fact
    necessary to make the statements made, in light of the
    circumstances under which such<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;statements were made, not
    misleading with respect to the periods covered by this annual
    report;<br clear="left"></font></p>

    <p><font size="3">3.&nbsp;&nbsp;Based on my knowledge, the
    financial statements, and other financial information included
    in this report,<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp; fairly present in all material
    respects the financial condition, results of operations and
    cash flows of the<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;registrant as of, and for, the
    periods presented in this report;<br clear="left"></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="2%"
                align="right"
                valign="top">
                <p align="left"><font size="3">4.</font></p>
            </td>

            <td colspan="3"
                align="left"
                valign="top"><font size="3">The registrant's other
                certifying officer and I are responsible for
                establishing and maintaining disclosure controls
                and procedures (as defined in Exchange Act Rules
                13a-15(e) and 15d-15(e)) and internal control over
                financial reporting (as defined in Exchange Act
                Rules 13a-15(f) and 15d-15(f)) for the registrant
                and have:</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="top"><font size="3">a)</font></td>

            <td width="92%"
                align="left"
                valign="top"><font size="3">designed such
                disclosure controls and procedures, or caused such
                disclosure controls and procedures to be designed
                under our supervision, to ensure that material
                information relating to the&nbsp;registrant,
                including its consolidated subsidiaries, is made
                known to us by others within those
                entities,&nbsp;particularly during the period in
                which this annual report is being
                prepared;</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">b)</font></td>

            <td align="left"
                valign="top"><font size="3">designed such internal
                controls over financial reporting, or caused such
                internal control over financial reporting to be
                designed under our supervision, to provide
                reasonable assurance regarding the reliability of
                financial reporting and the reparation of financial
                statements for external purposes in accordance with
                generally accepted accounting
                principles;</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">c)</font></td>

            <td align="left"
                valign="top"><font size="3">evaluated the
                effectiveness of the registrant's disclosure
                controls and procedures and presented in this
                report our conclusions about the effectiveness of
                the disclosure controls and procedures, as of the
                end of the period covered by this report based on
                such evaluation; and</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">d)</font></td>

            <td align="left"
                valign="top"><font size="3">disclosed in this
                report any change in the registrant's internal
                control over financial reporting that occurred
                during the registrant's most recent fiscal quarter
                (the registrant's fourth fiscal quarter in the case
                of an annual report) that has materially affected,
                or is reasonably likely to materially affect, the
                registrant's internal control over financial
                reporting; and</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="right"
                valign="top"><font size="3">5.</font></td>

            <td colspan="3"
                align="left"
                valign="top"><font size="3">The registrant's other
                certifying officer and I have disclosed, based on
                our most recent evaluation of internal control over
                financial reporting, to the registrant's auditors
                and the audit committee of registrant's board of
                directors (or persons performing the equivalent
                functions):</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">a)</font></td>

            <td align="left"
                valign="top"><font size="3">all significant
                deficiencies and material weaknesses in the design
                or operation of internal controls over financial
                reporting which are reasonably likely to adversely
                affect the registrant's ability to record, process,
                summarize and report financial information;
                and</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">b)</font></td>

            <td align="left"
                valign="top"><font size="3">any fraud, whether or
                not material, that involves management or other
                employees who have a significant role in the
                registrant's internal control over financial
                reporting.</font></td>
        </tr>
    </table>

    <p><font size="3">Date:</font> <font size="3"
          face="Times New Roman">March 3, 2006</font><font size=
          "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>
    &nbsp;&nbsp;/S/ Norman S. Rich</u><br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norman
    S. Rich<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President/CEO</font></p>

    <p align="center">&nbsp;</p>

    <p align="center">&nbsp;</p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000">Table of Contents</a></p>

    <p align="right"><font size="3"><b>EXHIBIT 31.2</b></font></p>

    <p align="center"><font size="3"><b>WEIS MARKETS,
        INC.<br clear="left"></b></font></p>

    <p align="center"><font size="3"><b><a name=
    "312">CERTIFICATION- CFO</a></b></font></p>

    <p><font size="3">I, William R. Mills, Senior Vice President
    and Treasurer/CFO of Weis Markets, Inc., certify
        that:<br clear="left"></font></p>

    <p><font size="3">1.&nbsp;&nbsp;I have reviewed this annual
    report on Form 10-K of Weis Markets, Inc.;<br clear=
    "left"></font></p>

    <p><font size="3">2.&nbsp;&nbsp;Based on my knowledge, this
    report does not contain any untrue statement of a material fact
    or omit<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to state a material fact
    necessary to make the statements made, in light of the
    circumstances under which such<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;statements were made, not
    misleading with respect to the periods covered by this annual
    report;<br clear="left"></font></p>

    <p><font size="3">3.&nbsp;&nbsp;Based on my knowledge, the
    financial statements, and other financial information included
    in this report,<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp; fairly present in all material
    respects the financial condition, results of operations and
    cash flows of the<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;registrant as of, and for, the
    periods presented in this report;<br clear="left"></font></p>

    <table cellspacing="0"
           cellpadding="0"
           width="100%">
        <tr>
            <td width="2%"
                align="right"
                valign="top">
                <p align="left"><font size="3">4.</font></p>
            </td>

            <td colspan="3"
                align="left"
                valign="top"><font size="3">The registrant's other
                certifying officer and I are responsible for
                establishing and maintaining disclosure controls
                and procedures (as defined in Exchange Act Rules
                13a-15(e) and 15d-15(e)) and internal control over
                financial reporting (as defined in Exchange Act
                Rules 13a-15(f) and 15d-15(f)) for the registrant
                and have:</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="top">&nbsp;</td>

            <td width="2%"
                align="left"
                valign="top"><font size="3">a)</font></td>

            <td width="92%"
                align="left"
                valign="top"><font size="3">designed such
                disclosure controls and procedures, or caused such
                disclosure controls and procedures to be designed
                under our supervision, to ensure that material
                information relating to the&nbsp;registrant,
                including its consolidated subsidiaries, is made
                known to us by others within those
                entities,&nbsp;particularly during the period in
                which this annual report is being
                prepared;</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">b)</font></td>

            <td align="left"
                valign="top"><font size="3">designed such internal
                controls over financial reporting, or caused such
                internal control over financial reporting to be
                designed under our supervision, to provide
                reasonable assurance regarding the reliability of
                financial reporting and the reparation of financial
                statements for external purposes in accordance with
                generally accepted accounting
                principles;</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">c)</font></td>

            <td align="left"
                valign="top"><font size="3">evaluated the
                effectiveness of the registrant's disclosure
                controls and procedures and presented in this
                report our conclusions about the effectiveness of
                the disclosure controls and procedures, as of the
                end of the period covered by this report based on
                such evaluation; and</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">d)</font></td>

            <td align="left"
                valign="top"><font size="3">disclosed in this
                report any change in the registrant's internal
                control over financial reporting that occurred
                during the registrant's most recent fiscal quarter
                (the registrant's fourth fiscal quarter in the case
                of an annual report) that has materially affected,
                or is reasonably likely to materially affect, the
                registrant's internal control over financial
                reporting; and</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>
        </tr>

        <tr>
            <td align="right"
                valign="top"><font size="3">5.</font></td>

            <td colspan="3"
                align="left"
                valign="top"><font size="3">The registrant's other
                certifying officer and I have disclosed, based on
                our most recent evaluation of internal control over
                financial reporting, to the registrant's auditors
                and the audit committee of registrant's board of
                directors (or persons performing the equivalent
                functions):</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">a)</font></td>

            <td align="left"
                valign="top"><font size="3">all significant
                deficiencies and material weaknesses in the design
                or operation of internal controls over financial
                reporting which are reasonably likely to adversely
                affect the registrant's ability to record, process,
                summarize and report financial information;
                and</font></td>
        </tr>

        <tr>
            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top">&nbsp;</td>

            <td align="left"
                valign="top"><font size="3">b)</font></td>

            <td align="left"
                valign="top"><font size="3">any fraud, whether or
                not material, that involves management or other
                employees who have a significant role in the
                registrant's internal control over financial
                reporting.</font></td>
        </tr>
    </table>

    <p><font size="3">Date:</font> <font size="3"
          face="Times New Roman">March 3, 2006</font><font size=
          "3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>
    &nbsp;&nbsp;/S/ William R. Mills</u><br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William
    R. Mills<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior
    Vice President<br clear="left">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and
    Treasurer/CFO<br clear="left"></font></p>

    <p align="center">&nbsp;</p>
    <hr>

<!-- PAGEBREAK -->
    <h5 align="left"
        style="page-break-before:always"></h5>

    <p><a href="#000">Table of Contents</a></p>

    <p align="right"><font size="3"><b><a name="32">EXHIBIT 32
    </a></b></font></p>

    <p align="center"><font size="3"><b>WEIS MARKETS,
    INC.</b></font></p>

    <p align="center"><font size="3"><b>CERTIFICATION PURSUANT
    TO<br clear="left">
    18 U.S.C. SECTION 1350,<br clear="left">
    AS ADOPTED PURSUANT TO<br clear="left">
    SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</b></font></p>

    <p><font size="3">In connection with the annual report of Weis
    Markets, Inc. (the "company") on Form 10-K for the year ending
    December 31, 2005, as filed with the Securities and Exchange
    Commission on the date hereof (the "Report"), we, Norman S.
    Rich, President / Chief Executive Officer, and William R.
    Mills, Senior Vice President and Treasurer / Chief Financial
    Officer, of the company, certify, pursuant to and for purposes
    of 18 U.S.C. Section 1350, as adopted pursuant to Section 906
    of the Sarbanes-Oxley Act of 2002, that:</font></p>

    <p><font size="3">(1) to my knowledge the Report fully complies
    with the requirements of Section 13(a) or 15(d) of the
    Securities Exchange Act of 1934; and</font></p>

    <p><font size="3">(2) the information contained in the Report
    fairly presents, in all material respects, the financial
    condition and results of operations of the company.</font></p>

    <p><font size="3"><u>/S/ Norman S. Rich<br clear=
    "left"></u>Norman S. Rich<br clear="left">
    President / CEO<br clear="left"></font><font size="3"
          face="Times New Roman">03/03/2006</font></p>

    <p><font size="3"><u>/S/ William R. Mills<br clear=
    "left"></u>William R. Mills<br clear="left">
    Senior Vice President and Treasurer / CFO<br clear="left">
    03/03/2006</font></p>

    <p><font size="3">A signed original of this written statement
    required by Section 906 has been provided to Weis Markets, Inc.
    and will be retained by Weis Markets, Inc. and furnished to the
    Securities and Exchange Commission or its staff upon
    request.</font></p>
    <hr>
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