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 (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.
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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