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Village Super Market - VLGEA STOCK NEWS

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.

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Village Super Market, Inc. (NASDAQ:VLGEA) reported a 5% increase in net income to $11.6 million for the first quarter ended October 28, 2023. Sales increased by 3.2% to $536.4 million, with same store sales up by 2.0%. Same store digital sales also saw a significant increase of 13%.
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Village Super Market reports Q4 net income of $15.3 million, up 21% YoY, and FY2023 net income of $49.7 million, up 85% YoY. Same store sales increased 3.2% in Q4 and 3.5% in FY2023. Gross profit margin increased to 29.08% in Q4 and 28.45% in FY2023. Operating expense as a percentage of sales increased to 23.92% in Q4 but decreased to 23.86% in FY2023. Depreciation and amortization expense increased. Interest expense increased. Effective income tax rate increased to 32.7% in Q4 and 31.6% in FY2023.
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Village Super Market declares quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share.
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Village Super Market reports Q3 2023 results with net income of $11.0 million, a 93% increase YoY. Sales increased 5.4% and same store sales increased 3.4%. Year-to-date net income increased 142% to $34.4 million. Gross profit as a percentage of sales increased to 28.57%. Operating and administrative expense as a percentage of sales decreased to 24.33%. Village Super Market operates 34 supermarkets and four specialty markets.
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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Village Super Market (VLGEA)?

The current stock price of Village Super Market (VLGEA) is $32.3 as of December 11, 2024.

What is the market cap of Village Super Market (VLGEA)?

The market cap of Village Super Market (VLGEA) is approximately 474.0M.

Where is Village Super Market, Inc. headquartered?

Village Super Market, Inc. is headquartered in Springfield, New Jersey.

What specialty departments does Village Super Market, Inc. offer?

Village Super Market, Inc. offers specialty departments like on-site bakeries, expanded delis, natural and organic foods, ethnic and international foods, prepared foods, and pharmacies.

How many supermarkets does Village Super Market, Inc. operate?

Village Super Market, Inc. operates 30 ShopRite supermarkets, 5 Fairway Markets, and 3 Gourmet Garage specialty markets.

When was Village Super Market, Inc. founded?

Village Super Market, Inc. was founded in 1937.

What is the operating segment of Village Super Market, Inc.?

Village Super Market, Inc. operates in one segment, the retail sale of food and nonfood products.

What is Wakefern Food Corporation?

Wakefern Food Corporation is a retailer-owned food cooperative and owner of the ShopRite name in which Village Super Market, Inc. is a member.

In which states are the supermarkets of Village Super Market, Inc. located?

Village Super Market, Inc. supermarkets are located in New Jersey, New York, Pennsylvania, and Maryland.

What makes Village Super Market, Inc. stand out in the retail industry?

Village Super Market, Inc. stands out with its focus on quality products, diverse offerings, and commitment to customer satisfaction.

What is the mission of Village Super Market, Inc.?

The mission of Village Super Market, Inc. is to provide customers with a wide range of high-quality products and services in a convenient and welcoming environment.

How does Village Super Market, Inc. contribute to the communities it serves?

Village Super Market, Inc. contributes to the communities through its support for local producers, initiatives for sustainability, and involvement in charitable activities.

Village Super Market

Nasdaq:VLGEA

VLGEA Rankings

VLGEA Stock Data

474.02M
8.74M
17.26%
57.54%
1.35%
Grocery Stores
Retail-grocery Stores
Link
United States of America
SPRINGFIELD