Welcome to our dedicated page for Village Super Mkt news (Ticker: VLGEA), a resource for investors and traders seeking the latest updates and insights on Village Super Mkt stock.
Village Super Market Inc. (VLGEA), operator of ShopRite and Fairway banners, provides this centralized hub for investors and industry observers to track official announcements and strategic developments. As a member-owned Wakefern cooperative since 1937, the company maintains a strong Northeast presence with specialty departments ranging from organic foods to pharmacy services.
This resource aggregates essential updates including financial results, store expansions, and operational initiatives, offering stakeholders timely insights into this community-focused grocer. Users will find press releases detailing leadership decisions, partnership announcements, and responses to market trends in the competitive retail sector.
Content spans quarterly earnings disclosures, community engagement programs, and specialty department innovations, reflecting VLGEA's dual focus on traditional values and evolving consumer preferences. The curated selection enables efficient tracking of how this regional chain balances cooperative advantages with local market adaptation.
Bookmark this page for streamlined access to Village Super Market's latest formal communications. Combine these primary sources with broader market analysis to assess the company's position within the dynamic grocery retail landscape.
Village Super Market (NSD-VLGEA) has announced its quarterly dividend declaration. The company will pay $0.25 per Class A common share and $0.1625 per Class B common share, with payments scheduled for April 24, 2025. Shareholders must be on record by April 3, 2025 to receive the dividend.
The company currently operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with three specialty markets under the Gourmet Garage name in New York City.
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 (NSD-VLGEA) has announced its quarterly dividend declaration. The company will pay $0.25 per Class A common share and $0.1625 per Class B common share. The dividends will be distributed on January 23, 2025 to shareholders of record as of January 2, 2025. The company currently operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with three specialty markets under the Gourmet Garage name in New York City.
Village Super Market (VLGEA) reported strong Q1 FY2025 results with sales reaching $557.7 million, up 4.0% from $536.4 million in the prior year. The company achieved 2.4% same-store sales growth and an 8% increase in digital sales. Net income rose 11% to $12.8 million. Gross profit margin improved to 29.03% from 28.52%, driven by increased patronage dividends and reduced warehouse charges. Operating expenses increased to 24.66% of sales, primarily due to higher employee costs and digital sales fees. The company operates 34 ShopRite and Fairway supermarkets across four states, plus three Gourmet Garage specialty markets.
Village Super Market, Inc. (NSD-VLGEA) reported strong results for the fourth quarter ended July 27, 2024. Sales increased 4.4% to $578.2 million, with same-store sales up 2.7%. The company achieved net income of $15.4 million and adjusted net income of $16.9 million, a 10% increase from the previous year. Digital sales showed impressive growth, rising 12% on a same-store basis.
For the full fiscal year 2024, Village Super Market reported sales of $2.24 billion, a 3.2% increase, with same-store sales up 2.3%. The company's net income reached $50.5 million, with adjusted net income of $52.6 million, representing a 7% increase from the prior year. Gross profit margins improved, while operating expenses increased due to labor costs and digital sales growth.
Village Super Market (NSD-VLGEA) has announced significant leadership changes effective December 13, 2024. Robert Sumas will step down as CEO and interim Chairman but will remain as a Senior Advisor and Board member. The Board plans to appoint John J. Sumas as the new CEO and Nicholas Sumas as President and Chairman of the Board.
John J. Sumas, a Director since 2009 and Co-President since 2018, has held various roles including COO and General Counsel. Nicholas Sumas, also a Director since 2009 and Co-President since 2018, has served as CMO and Vice President. He is also an executive officer of Wakefern and a member of its Board.
The company also announced that it will reduce its Board of Directors from ten to nine members, following the passing of William Sumas on July 11, 2024. Village Super Market operates 34 ShopRite and Fairway supermarkets in four states and three Gourmet Garage specialty markets in New York City.
Village Super Market (NSD-VLGEA) has announced its quarterly dividend declaration. The Board of Directors approved a cash dividend of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends will be paid on October 24, 2024, to shareholders of record as of October 3, 2024.
Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania. Additionally, the company manages three specialty markets under the Gourmet Garage name in New York City.
Village Super Market, Inc. (NASDAQ: VLGEA) announces the passing of William P. Sumas, Chairman of the Board, at age 77 on July 11, 2024. Mr. Sumas joined Village in 1960 and served as Chairman since 2017. He was also the longest-serving Chairman of the New Jersey Food Council from 2000-2007.
The Board of Directors praised Sumas as a visionary leader whose impact extended beyond Village Super Market and Wakefern. His leadership and innovative spirit were credited for Village's success and community connections. Robert Sumas, CEO and Vice Chairman, will serve as interim Chairman until a new Chair is appointed.
Village Super Market operates 34 ShopRite and Fairway supermarkets across four states, plus three Gourmet Garage specialty markets in New York City.
The Board of Directors of Village Super Market, ticker VLGEA, announced quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share.
The dividends will be payable on July 25, 2024, to shareholders recorded by July 4, 2024.
Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands in New Jersey, Maryland, New York, and eastern Pennsylvania, along with three Gourmet Garage specialty markets in New York City.
Village Super Market (NASDAQ:VLGEA) reported its third quarter results for the period ending April 27, 2024. Sales increased by 3.2% to $546.4 million, with same store sales rising 2.3%. Digital sales saw a 9% growth. Net income was $9.0 million, while adjusted net income decreased by 6% to $9.6 million compared to the same period last year. The company opened a new 83,000 sq. ft. ShopRite store in Old Bridge, NJ, and closed a Gourmet Garage location in November 2023. Gross profit margin slightly decreased to 28.54%. Operating and administrative expenses rose to 25.19% due to higher labor costs and other expenses. For the fiscal year-to-date, sales increased by 2.8% to $1,658.3 million, with same store sales up by 2.2%. Net income for the year-to-date was $35.0 million, and adjusted net income was $35.7 million, a 6% increase from last year.
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