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. (NASDAQ: VLGEA) is a supermarket and grocery retailer that operates 34 supermarkets under the ShopRite and Fairway banners in New Jersey, New York, Maryland and Pennsylvania, along with three Gourmet Garage specialty markets in New York City. The news flow around VLGEA centers on its financial performance, store activity and capital allocation decisions, as reflected in its regular press releases.
Investors following Village Super Market news will see detailed quarterly and annual results covering sales, same store sales, same store digital sales, gross profit margins and operating and administrative expenses. The company’s releases highlight factors driving performance, such as digital sales growth, growth in recently replaced or remodeled stores, pharmacy sales and changes in product mix. Updates also describe the impact of patronage dividends, rebates and warehouse assessment charges from Wakefern Food Corporation, the company’s principal supplier and cooperative partner.
Village Super Market also issues recurring announcements about quarterly cash dividends on its Class A and Class B common shares. These dividend press releases specify the per-share amounts, record dates and payment dates, and are often accompanied by Form 8-K filings that document the Board’s decisions. Earnings releases further provide reconciliations for non-GAAP measures like Adjusted net income and Adjusted operating and administrative expenses.
Company news may also discuss store developments, including the opening of replacement ShopRite stores in locations such as Watchung and Old Bridge, New Jersey, and the performance of Gourmet Garage specialty markets. Together, these updates give readers insight into VLGEA’s operating trends, store base changes and the factors influencing its profitability over time.
For anyone tracking VLGEA, this news page offers a centralized view of Village Super Market’s reported results, dividend declarations and other material company communications drawn from its public releases.
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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.
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.
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.