Village Super Market, Inc. Reports Results for the Second Quarter Ended January 25, 2025
Village Super Market (VLGEA) reported strong financial results for Q2 2025, with net income reaching $16.9 million, up 17% year-over-year. Sales increased 4.2% to $599.7 million, with same-store sales growing 2.3%. Digital sales showed impressive growth of 9%.
Year-to-date performance was equally robust, with net income of $29.7 million, up 14% from the prior year. Total sales reached $1.157 billion, a 4.1% increase, while same-store sales grew 2.4%. The company's growth was driven by digital sales expansion, performance of remodeled stores, higher pharmacy sales, and inflation in meat and dairy departments.
Gross profit margin slightly decreased to 28.35% in Q2, while operating expenses improved to 23.22% of sales. The company operates 34 supermarkets under ShopRite and Fairway banners across four states, plus three Gourmet Garage specialty markets in New York City.
Village Super Market (VLGEA) ha riportato risultati finanziari solidi per il secondo trimestre del 2025, con un reddito netto che ha raggiunto 16,9 milioni di dollari, in aumento del 17% rispetto all'anno precedente. Le vendite sono aumentate del 4,2% a 599,7 milioni di dollari, con le vendite comparabili in crescita del 2,3%. Le vendite digitali hanno mostrato una crescita impressionante del 9%.
Le performance da inizio anno sono state altrettanto robuste, con un reddito netto di 29,7 milioni di dollari, in aumento del 14% rispetto all'anno precedente. Le vendite totali hanno raggiunto 1,157 miliardi di dollari, con un incremento del 4,1%, mentre le vendite comparabili sono cresciute del 2,4%. La crescita dell'azienda è stata guidata dall'espansione delle vendite digitali, dalle performance dei negozi ristrutturati, dall'aumento delle vendite in farmacia e dall'inflazione nei reparti carne e latticini.
Il margine di profitto lordo è leggermente diminuito al 28,35% nel secondo trimestre, mentre le spese operative sono migliorate al 23,22% delle vendite. L'azienda gestisce 34 supermercati sotto i marchi ShopRite e Fairway in quattro stati, oltre a tre mercati specializzati Gourmet Garage a New York City.
Village Super Market (VLGEA) reportó resultados financieros sólidos para el segundo trimestre de 2025, con un ingreso neto que alcanzó 16.9 millones de dólares, un aumento del 17% en comparación con el año anterior. Las ventas aumentaron un 4.2% a 599.7 millones de dólares, con un crecimiento del 2.3% en las ventas en tiendas comparables. Las ventas digitales mostraron un impresionante crecimiento del 9%.
El desempeño acumulado hasta la fecha también fue robusto, con un ingreso neto de 29.7 millones de dólares, un aumento del 14% respecto al año anterior. Las ventas totales alcanzaron 1.157 mil millones de dólares, un incremento del 4.1%, mientras que las ventas en tiendas comparables crecieron un 2.4%. El crecimiento de la empresa fue impulsado por la expansión de las ventas digitales, el rendimiento de las tiendas remodeladas, el aumento de las ventas en farmacias y la inflación en los departamentos de carne y lácteos.
El margen de beneficio bruto disminuyó ligeramente al 28.35% en el segundo trimestre, mientras que los gastos operativos mejoraron al 23.22% de las ventas. La empresa opera 34 supermercados bajo las marcas ShopRite y Fairway en cuatro estados, además de tres mercados especializados Gourmet Garage en la ciudad de Nueva York.
Village Super Market (VLGEA)는 2025년 2분기 강력한 재무 결과를 보고했으며, 순이익은 1,690만 달러에 달해 전년 대비 17% 증가했습니다. 매출은 4.2% 증가하여 5억 9,970만 달러에 달했으며, 동일 매장 매출은 2.3% 성장했습니다. 디지털 매출은 9%의 인상적인 성장을 보였습니다.
연초부터의 성과 또한 견고했으며, 순이익은 2,970만 달러로 전년 대비 14% 증가했습니다. 총 매출은 11억 5,700만 달러에 도달하며 4.1% 증가했으며, 동일 매장 매출은 2.4% 성장했습니다. 회사의 성장은 디지털 매출 확대, 리모델링된 매장의 성과, 약국 매출 증가 및 육류와 유제품 부문의 인플레이션에 의해 촉진되었습니다.
2분기 총 이익률은 28.35%로 약간 감소했으며, 운영 비용은 매출의 23.22%로 개선되었습니다. 이 회사는 네 개 주에서 ShopRite 및 Fairway 브랜드로 34개의 슈퍼마켓을 운영하며, 뉴욕시에는 세 개의 Gourmet Garage 전문 시장이 있습니다.
Village Super Market (VLGEA) a rapporté de solides résultats financiers pour le deuxième trimestre de 2025, avec un revenu net atteignant 16,9 millions de dollars, en hausse de 17 % par rapport à l'année précédente. Les ventes ont augmenté de 4,2 % pour atteindre 599,7 millions de dollars, avec une croissance des ventes en magasins comparables de 2,3 %. Les ventes numériques ont montré une croissance impressionnante de 9 %.
La performance depuis le début de l'année a également été robuste, avec un revenu net de 29,7 millions de dollars, en hausse de 14 % par rapport à l'année précédente. Les ventes totales ont atteint 1,157 milliard de dollars, soit une augmentation de 4,1 %, tandis que les ventes en magasins comparables ont augmenté de 2,4 %. La croissance de l'entreprise a été soutenue par l'expansion des ventes numériques, la performance des magasins rénovés, l'augmentation des ventes en pharmacie et l'inflation dans les départements de viande et de produits laitiers.
La marge brute a légèrement diminué à 28,35 % au deuxième trimestre, tandis que les dépenses d'exploitation se sont améliorées pour atteindre 23,22 % des ventes. L'entreprise exploite 34 supermarchés sous les enseignes ShopRite et Fairway dans quatre États, ainsi que trois marchés spécialisés Gourmet Garage à New York.
Village Super Market (VLGEA) hat für das zweite Quartal 2025 starke Finanzergebnisse gemeldet, mit einem Nettogewinn von 16,9 Millionen Dollar, was einem Anstieg von 17% im Vergleich zum Vorjahr entspricht. Der Umsatz stieg um 4,2% auf 599,7 Millionen Dollar, während die vergleichbaren Verkaufszahlen um 2,3% wuchsen. Die digitalen Verkäufe zeigten ein beeindruckendes Wachstum von 9%.
Die Leistung seit Jahresbeginn war ebenfalls robust, mit einem Nettogewinn von 29,7 Millionen Dollar, was einem Anstieg von 14% im Vergleich zum Vorjahr entspricht. Der Gesamtumsatz erreichte 1,157 Milliarden Dollar, ein Anstieg von 4,1%, während die vergleichbaren Verkaufszahlen um 2,4% wuchsen. Das Wachstum des Unternehmens wurde durch die Expansion der digitalen Verkäufe, die Leistung der umgebauten Geschäfte, höhere Apothekenverkäufe und die Inflation in den Fleisch- und Molkereibereichen vorangetrieben.
Die Bruttomarge sank im zweiten Quartal leicht auf 28,35%, während die Betriebskosten auf 23,22% des Umsatzes verbessert wurden. Das Unternehmen betreibt 34 Supermärkte unter den Marken ShopRite und Fairway in vier Bundesstaaten sowie drei Gourmet Garage Fachmärkte in New York City.
- Net income up 17% to $16.9M in Q2
- Sales increased 4.2% to $599.7M
- Digital sales grew 9% year-over-year
- Operating expenses decreased to 23.22% of sales
- YTD net income up 14% to $29.7M
- Gross profit margin declined to 28.35% from 28.40%
- Higher promotional spending (0.16% impact)
- Decreased patronage dividends from Wakefern
- Lower interest income due to reduced rates
Insights
Village Super Market has delivered an impressive Q2 2025 performance with
The company's digital transformation continues to drive growth, with same-store digital sales increasing
While gross profit margin contracted slightly to
The balance sheet shows improving health with decreased interest expense from lower debt balances. Year-to-date performance remains strong with net income of
The company's strategic investments in store renovation and digital capabilities appear to be delivering returns, as evidenced by continued growth in recently remodeled locations and the contribution from the replacement store in Old Bridge, NJ.
SPRINGFIELD, N.J., March 04, 2025 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the second quarter ended January 25, 2025.
Second Quarter Highlights
- Net income of
$16.9 million , an increase of17% compared to the second quarter of the prior year - Sales increased
4.2% and same store sales increased2.3% - Same store digital sales increased
9%
Year-To-Date Fiscal 2025 Highlights
- Net income of
$29.7 million , an increase of14% compared to$26.1 million in the prior year-to-date period - Sales increased
4.1% and same store sales increased2.4% - Same store digital sales increased
8%
Second Quarter of Fiscal 2025 Results
Sales were
Gross profit as a percentage of sales decreased to
Operating and administrative expense as a percentage of sales decreased to
Depreciation and amortization expense increased slightly in the 13 weeks ended January 25, 2025 compared the 13 weeks ended January 27, 2024 due primarily to the timing of capital expenditures.
Interest expense decreased in the 13 weeks ended January 25, 2025 compared to the 13 weeks ended January 27, 2024 due primarily to lower average outstanding debt balances.
Interest income decreased in the 13 weeks ended January 25, 2025 compared to the 13 weeks ended January 27, 2024 due primarily to lower interest rates on variable rate notes receivable from Wakefern and demand deposits invested at Wakefern.
The Company’s effective income tax rate was
Year-To-Date Fiscal 2025 Results
Sales were
Gross profit as a percentage of sales increased to
Operating and administrative expense as a percentage of sales decreased to
Depreciation and amortization expense decreased slightly in the 26 weeks ended January 25, 2025 compared to the 26 weeks ended January 27, 2024 due primarily to the timing of capital expenditures.
Interest expense decreased in the 26 weeks ended January 25, 2025 compared to the 26 weeks ended January 27, 2024 due primarily to lower average outstanding debt balances.
Interest income decreased in the 26 weeks ended January 25, 2025 compared to the 26 weeks ended January 27, 2024 due primarily to lesser amounts invested in demand deposits at Wakefern and lower interest rates earned on variable rate notes receivable from Wakefern and demand deposits invested at Wakefern.
The effective income tax rate was
Village Super Market operates a chain of 34 supermarkets in New Jersey, New York, Maryland and Pennsylvania under the ShopRite and Fairway banners and three Gourmet Garage specialty markets in New York City.
Forward Looking Statements
All statements, other than statements of historical fact, included in this Press Release are or may be considered forward-looking statements within the meaning of federal securities law. The Company cautions the reader that there is no assurance that actual results or business conditions will not differ materially from future results, whether expressed, suggested or implied by such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect developments or information obtained after the date hereof. The following are among the principal factors that could cause actual results to differ from the forward-looking statements: general economic conditions; competitive pressures from the Company’s operating environment; the ability of the Company to maintain and improve its sales and margins; the ability to attract and retain qualified associates; the availability of new store locations; the availability of capital; the liquidity of the Company; the success of operating initiatives; consumer spending patterns; the impact of changing energy prices; increased cost of goods sold, including increased costs from the Company’s principal supplier, Wakefern; disruptions or changes in Wakefern's operations; the results of litigation; the results of tax examinations; the results of union contract negotiations; competitive store openings and closings; the rate of return on pension assets; labor shortages; disruptions to supply chains; and other factors detailed herein and in the Company’s filings with the SEC.
| Contact: | John Van Orden, CFO |
| (973) 467-2200 | |
| villageinvestorrelations@wakefern.com | |
| VILLAGE SUPER MARKET, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) | |||||||||||||||
| 13 Weeks Ended | 13 Weeks Ended | 26 Weeks Ended | 26 Weeks Ended | ||||||||||||
| January 25, 2025 | January 27, 2024 | January 25, 2025 | January 27, 2024 | ||||||||||||
| Sales | $ | 599,651 | $ | 575,579 | $ | 1,157,347 | $ | 1,111,933 | |||||||
| Cost of sales | 429,645 | 412,137 | 825,463 | 795,542 | |||||||||||
| Gross profit | 170,006 | 163,442 | 331,884 | 316,391 | |||||||||||
| Operating and administrative expense | 139,254 | 136,477 | 276,774 | 266,769 | |||||||||||
| Depreciation and amortization | 8,602 | 8,523 | 16,985 | 17,029 | |||||||||||
| Operating income | 22,150 | 18,442 | 38,125 | 32,593 | |||||||||||
| Interest expense | (982 | ) | (1,046 | ) | (1,972 | ) | (2,110 | ) | |||||||
| Interest income | 3,356 | 3,743 | 6,972 | 7,568 | |||||||||||
| Income before income taxes | 24,524 | 21,139 | 43,125 | 38,051 | |||||||||||
| Income taxes | 7,628 | 6,659 | 13,428 | 11,985 | |||||||||||
| Net income | $ | 16,896 | $ | 14,480 | $ | 29,697 | $ | 26,066 | |||||||
| Net income per share: | |||||||||||||||
| Class A common stock: | |||||||||||||||
| Basic | $ | 1.27 | $ | 1.09 | $ | 2.23 | $ | 1.95 | |||||||
| Diluted | $ | 1.14 | $ | 0.97 | $ | 2.01 | $ | 1.75 | |||||||
| Class B common stock: | |||||||||||||||
| Basic | $ | 0.82 | $ | 0.71 | $ | 1.45 | $ | 1.27 | |||||||
| Diluted | $ | 0.82 | $ | 0.71 | $ | 1.45 | $ | 1.27 | |||||||
| Gross profit as a % of sales | 28.35 | % | 28.40 | % | 28.68 | % | 28.45 | % | |||||||
| Operating and administrative expense as a % of sales | 23.22 | % | 23.71 | % | 23.91 | % | 23.99 | % | |||||||
FAQ
What was VLGEA's net income growth in Q2 2025?
How much did VLGEA's digital sales increase in Q2 2025?
What was Village Super Market's total revenue for Q2 2025?
What factors drove VLGEA's same-store sales growth in Q2 2025?
How many stores does VLGEA currently operate?
