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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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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.

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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 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.

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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.

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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 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.

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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.

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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.

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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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Village Super Market, Inc. (VLGEA) reported its fourth quarter results for the period ending July 31, 2021, showing a net income of $9.5 million, a 3% increase from the previous year. Adjusted net income surged 50% to $8.7 million, while same store sales saw a marginal increase of 0.1%. Fiscal 2021 net income dropped 20% to $20.0 million, influenced by pandemic-related disruptions in Manhattan. Sales reached $2.03 billion, up 2% due to an additional week in the fiscal year. Despite challenges, same store digital sales grew by 68% compared to fiscal 2020.

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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 October 28, 2021, to shareholders on record as of October 7, 2021. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, in addition to three specialty markets under the Gourmet Garage name in New York City.

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On June 11, 2021, Village Super Market, Inc. (VLGEA) announced the declaration of quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends are scheduled to be paid on July 29, 2021, to shareholders on record by the close of business on July 8, 2021. The company operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with three specialty markets in New York City.

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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
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United States of America
SPRINGFIELD