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.
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.
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.
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.
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 are set to be payable on October 27, 2022, to shareholders of record as of October 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 four specialty markets named Gourmet Garage in New York City.
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 are set to be payable on July 28, 2022 to shareholders of record as of July 7, 2022. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, alongside four specialty markets under the Gourmet Garage name in New York City.
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.
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