Village Super Market - VLGEA STOCK NEWS

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.

On June 11, 2021, Village Super Market, Inc. (VLGEA) announced the declaration of quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends are scheduled to be paid on July 29, 2021, to shareholders on record by the close of business on July 8, 2021. The company operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with three specialty markets in New York City.

Village Super Market, Inc. (NASDAQ:VLGEA) reported its Q3 results for the period ending April 24, 2021, revealing a net income of $2,574,000, down from $11,152,000 the previous year. The decline is primarily due to the COVID-19 pandemic's impact on sales and increased operational costs. Total sales reached $481,093,000, a 5% increase attributed to the Fairway acquisition, although same-store sales dropped by 5.5%. Gross profit margins decreased to 27.73%, influenced by rising costs from integrating commissary operations. Operating expenses also rose to 25.18% of sales.