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.
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.
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 are set to be payable on July 28, 2022 to shareholders of record as of July 7, 2022. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, alongside four specialty markets under the Gourmet Garage name in New York City.
Village Super Market reported a net loss of $3.2 million for the third quarter ended April 30, 2022, influenced by an $8.5 million pension termination charge. Adjusted net income rose 130% to $5.3 million from $2.3 million year-over-year. Sales increased to $502 million, up 4.6% driven by improved same store sales, despite a 1.6% decrease on a two-year basis. Year-to-date, the company saw a net income of $14.2 million, and same store sales were up 3.7%. However, operating expenses rose to 27.44% of sales, primarily due to the pension charge.
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 April 28, 2022, to shareholders of record at the close of business on April 7, 2022. Village Super Market operates 34 supermarkets under the ShopRite and Fairway names across New Jersey, Maryland, New York, and eastern Pennsylvania, alongside three specialty markets under the Gourmet Garage brand in New York City.
Village Super Market, Inc. (NASDAQ:VLGEA) announced its Q2 results for the period ended January 29, 2022, reporting a net income of $10.1 million, up 122% from the previous year. Sales reached $537.4 million, a 2.8% increase year-over-year. Same store sales rose 4.4%, driven by growth in New York City stores and higher SNAP benefit redemptions. The gross profit margin improved to 27.84%. For the first half of FY2022, net income was $17.5 million, representing a 121% increase. However, same store digital sales remained flat.
The Board of Directors of Village Super Market declared a quarterly cash dividend of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends are payable on January 27, 2022, to shareholders of record at the close of business on January 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 three specialty markets called Gourmet Garage in New York City.
Village Super Market (NASDAQ:VLGEA) reported a strong performance in Q1 2022, ending October 30, 2021. Net income surged by 118% to $7.3 million, with sales rising to $494.2 million, up from $490.1 million year-over-year. Same-store sales grew by 2.3%, driven by food inflation and increased SNAP benefits. Gross profit as a percentage of sales improved slightly to 28.36%. Operating expenses as a percentage of sales decreased to 24.54%, attributed to lower payroll costs despite rising digital sales expenses. The company operates 34 supermarkets across several states.
Village Super Market, Inc. (VLGEA) reported its fourth quarter results for the period ending July 31, 2021, showing a net income of $9.5 million, a 3% increase from the previous year. Adjusted net income surged 50% to $8.7 million, while same store sales saw a marginal increase of 0.1%. Fiscal 2021 net income dropped 20% to $20.0 million, influenced by pandemic-related disruptions in Manhattan. Sales reached $2.03 billion, up 2% due to an additional week in the fiscal year. Despite challenges, same store digital sales grew by 68% compared to fiscal 2020.
The Board of Directors of Village Super Market declared a quarterly cash dividend of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends are payable on October 28, 2021, to shareholders on record as of October 7, 2021. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, in addition to three specialty markets under the Gourmet Garage name in New York City.
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