Welcome to our dedicated page for Village Super Market news (Ticker: VLGEA), a resource for investors and traders seeking the latest updates and insights on Village Super Market stock.
Village Super Market, Inc. operates a chain of supermarkets across the United States, offering specialty departments like on-site bakeries, expanded delis, natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. With 30 ShopRite supermarkets, 5 Fairway Markets, and 3 Gourmet Garage specialty markets, the company is a key player in the retail industry. Founded in 1937 and headquartered in Springfield, New Jersey, Village Super Market continues to deliver quality products and services to its customers.
The Board of Directors of Village Super Market has declared quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends will be payable on April 27, 2023, to shareholders of record as of April 6, 2023. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with four specialty markets named Gourmet Garage in New York City.
Village Super Market, Inc. (NASDAQ:VLGEA) reported a strong second quarter for fiscal 2023, with net income reaching $12.3 million, up 22% from the previous year. Sales increased 4.9% to $563.9 million, driven by a 3.2% increase in same store sales. In the first half of fiscal 2023, net income rose 34% to $23.4 million, with total sales at $1,083.6 million, reflecting a 5.0% increase. However, gross profit margins decreased slightly due to higher costs, with gross profit as a percentage of sales at 27.47% in Q2 and 28.07% for the first half. Operating expenses improved as a percentage of sales, primarily due to lower labor costs.
The Board of Directors of Village Super Market declared quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends will be payable on January 26, 2023 to shareholders of record as of January 5, 2023. Village Super Market operates 34 supermarkets under ShopRite and Fairway names across New Jersey, Maryland, New York, and eastern Pennsylvania, along with four specialty markets under the Gourmet Garage name in New York City.
Village Super Market, Inc. (NASDAQ: VLGEA) reported a 51% increase in net income for the first quarter ending October 29, 2022, totaling $11.1 million, compared to $7.3 million in the same period last year. Total sales reached $519.7 million, up from $494.2 million, driven by 4.3% same-store sales growth and the opening of new stores. The gross profit margin improved to 28.73%, while operating expenses declined to 24.16% of sales.
Village Super Market, Inc. (VLGEA) reported strong fourth quarter results for the period ending July 30, 2022, with a net income of $12.6 million, a 33% increase year-over-year. Fiscal 2022 saw a total net income of $26.8 million, up 34% from fiscal 2021. Same store sales rose by 5.1%, bolstered by increased sales in NYC. Despite a slight drop in total sales due to a 53-week comparison, adjusted net income saw a remarkable 85% increase year-over-year. Gross profit margins improved slightly, but overall operating expenses grew as a percentage of sales.
The Board of Directors of Village Super Market has declared quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends are set to be payable on October 27, 2022, to shareholders of record as of October 6, 2022. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with four specialty markets named Gourmet Garage in New York City.
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