Village Super Market, Inc. Reports Results For The Fourth Quarter Ended July 25, 2026

Sales increased in both reporting periods, but operating income declined despite lower interest expense and effective tax rates.

Rhea-AI Summary

Village Super Market (VLGEA) reported fourth-quarter net income of $13.6 million for the 13 weeks ended July 25, 2026. Net income fell from $15.5 million a year earlier, while Class A diluted earnings per share declined to $0.92 from $1.05. Sales rose 1.6% to $609.6 million; same-store sales increased 1.6%, and same-store digital sales increased approximately 6%. Gross margin edged up to 28.24% from 28.17%, but operating and administrative expenses rose to 23.92% of sales from 23.11%.

For the 52-week fiscal year, sales increased 3.7% to $2.406 billion, with same-store sales up 2.2% and same-store digital sales up approximately 11%. Net income declined to $52.5 million from $56.4 million, and Class A diluted earnings per share fell to $3.54 from $3.81. Full-year gross margin decreased to 28.17% from 28.57%. The East Orange, New Jersey replacement store opened May 27, 2026.

10 points · 0 major

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0 major · 14 points

How the balance works

Positive

• Moderate pointFiscal 2026 sales increased 3.7% to $2.406 billion; same-store sales grew 2.2%.
• Moderate pointSame-store digital sales increased approximately 6% in the fourth quarter and approximately 11% in fiscal 2026.
• Minor pointFourth-quarter sales increased 1.6% to $609.6 million, with same-store sales also up 1.6% year over year.
• Minor pointFourth-quarter gross margin increased to 28.24% from 28.17% a year earlier.
• Minor pointEast Orange replacement store opened May 27, 2026, contributing to sales growth.

5 minor points

• Minor pointFourth-quarter interest expense decreased to $839,000 from $879,000 a year earlier.
• Minor pointFiscal 2026 interest expense decreased to $3.382 million from $3.751 million a year earlier.
• Minor pointFourth-quarter effective income tax rate decreased to 30.6% from 31.4% a year earlier.
• Minor pointFiscal 2026 effective income tax rate decreased to 28.8% from 31.1%, primarily reflecting vested stock-compensation tax benefits.
• Minor pointAsset impairment charges were zero in fiscal 2026, versus $1.462 million in fiscal 2025.

Negative

• Moderate pointFiscal 2026 net income fell to $52.455 million from $56.380 million; Class A diluted earnings fell to $3.54 from $3.81.
• Moderate pointFiscal 2026 operating income decreased to $64.316 million from $72.068 million a year earlier.
• Moderate pointFiscal 2026 gross margin declined to 28.17% from 28.57%, primarily reflecting lower Wakefern dividends and rebates.
• Moderate pointFiscal 2026 operating and administrative expenses rose to 24.06% of sales from 23.92% a year earlier.
• Minor pointFourth-quarter net income fell to $13.617 million from $15.520 million; Class A diluted earnings fell to $0.92 from $1.05.

9 minor points

• Minor pointFourth-quarter operating income decreased to $17.346 million from $20.218 million a year earlier.
• Minor pointFourth-quarter operating and administrative expenses rose to 23.92% of sales from 23.11% a year earlier.
• Minor pointFourth-quarter depreciation and amortization increased to $8.944 million from $8.640 million a year earlier.
• Minor pointFiscal 2026 depreciation and amortization increased to $34.507 million from $34.398 million a year earlier.
• Minor pointFourth-quarter interest income decreased to $3.117 million from $3.274 million a year earlier.
• Minor pointFiscal 2026 interest income decreased to $12.689 million from $13.502 million a year earlier.
• Minor pointFiscal 2026 pension settlement charge of $338,000 related to termination of a company-sponsored plan.
• Minor pointFourth-quarter sales growth faced egg price deflation, competitive openings and East Orange sales cannibalization.
• Minor pointFiscal 2026 sales growth faced egg price deflation and Watchung replacement-store sales cannibalization.

Key Figures

Q4 sales: $609.6 million vs. $599.7 million Q4 same-store sales: 1.6% increase Q4 net income: $13.6 million vs. $15.5 million +5 more

Q4 sales

$609.6 million vs. $599.7 million

Fourth quarter fiscal 2026 vs. prior-year quarter

Q4 same-store sales

1.6% increase

Fourth quarter fiscal 2026

Q4 net income

$13.6 million vs. $15.5 million

Fourth quarter fiscal 2026 vs. prior-year quarter

Class A diluted EPS

$0.92 vs. $1.05

Fourth quarter fiscal 2026 vs. prior-year quarter

Gross profit as a percentage of sales

28.24% vs. 28.17%

Fourth quarter fiscal 2026 vs. prior-year quarter

Adjusted operating and administrative expense as a percentage of sales

23.92% vs. 23.34%

Fourth quarter fiscal 2026 vs. prior-year quarter

Year-to-date sales

$2.406 billion vs. $2.321 billion

52 weeks ended July 25, 2026 vs. prior-year period

Year-to-date net income

$52.5 million vs. $56.4 million

52 weeks ended July 25, 2026 vs. prior-year period

Previous Earnings Reports

1 past event · Latest: Jun 02

Same Type 1 event

1. Jun 02

   Q3 earnings results

   24h Move

   -19.4%

   Q3 year-to-date net income was below prior year; same-store sales declined in the quarter.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, impairment of assets, variable rate notes receivable

3 terms

non-gaap financial

"RECONCILIATION OF NON-GAAP MEASURES"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

impairment of assets financial

"Impairment of assets"

Impairment of assets is a one-time accounting write-down when a company determines an asset (like a building, patent, or goodwill) is worth less than its recorded value. It matters to investors because it reduces reported profits and the company’s asset base, signaling that expected future cash flows from that asset have fallen—like realizing a machine you bought won’t produce as much as you hoped and must be marked down.

variable rate notes receivable financial

"lower interest rates on variable rate notes receivable from Wakefern"

A receivable represented by a formal promissory note on which the holder is entitled to receive interest and principal, where the interest rate changes over time according to a specified benchmark or formula (for example, a published index plus a fixed spread). The holder is the lender and records the note as an asset; interest income is recognized as the rate resets at the agreed intervals, and the note is classified as current or noncurrent based on its remaining maturity and is typically measured at amortized cost unless accounting rules require fair value. Variability means cash interest payments can rise or fall with movements in the underlying reference rate, and the note may include features such as periodic reset dates, caps, floors, or other adjustment mechanics that govern how the rate changes.

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SPRINGFIELD, N.J., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the fourth quarter ended July 25, 2026.

Fourth Quarter of Fiscal 2026 Highlights

• Net income of $13.6 million, or $0.92 per Class A diluted share
• Sales and same store sales each increased 1.6%
• Same store digital sales increased approximately 6%
  

Year-To-Date Fiscal 2026 Highlights

• Net income of $52.5 million, or $3.54 per Class A diluted share
• Sales increased 3.7% and same store sales increased 2.2%
• Same store digital sales increased approximately 11%
  

Fourth Quarter of Fiscal 2026 Results

Sales were $609.6 million in the 13 weeks ended July 25, 2026 compared to $599.7 million in the 13 weeks ended July 26, 2025. Sales increased due primarily to same store sales growth of 1.6% and the opening of our East Orange, NJ replacement store on May 27, 2026. Same store sales increased due primarily to digital sales growth, strong performance in fresh and pharmacy departments, and continued growth in recently remodeled and replacement stores. These increases were partially offset by egg price deflation, competitive store openings and sales cannibalization from the East Orange replacement store. New stores, replacement stores and stores with banner changes are included in same store sales in the quarter after the store has been in operation for four full quarters. Store renovations and expansions are included in same store sales immediately.

Gross profit as a percentage of sales increased to 28.24% in the 13 weeks ended July 25, 2026 compared to 28.17% in the 13 weeks ended July 26, 2025 due primarily to increased departmental gross margin percentages (.28%), largely offset by an unfavorable change in product mix (.08%), lower patronage dividends and other rebates received from Wakefern (.04%), increased promotional spending (.04%) and increased warehouse assessment charges from Wakefern (.03%). The increase in department gross margin is due primarily to improvements in shrink and commissary operations.

Operating and administrative expense as a percentage of sales increased to 23.92% in the 13 weeks ended July 25, 2026 compared to 23.11% in the 13 weeks ended July 26, 2025. Adjusted operating and administrative expense as a percentage of sales increased to 23.92% in the 13 weeks ended July 25, 2026 compared to 23.34% in the 13 weeks ended July 26, 2025. The increase in Adjusted operating and administrative expense is due primarily to higher employee costs (.16%), store pre-opening costs (.09%), external service, technology and payment processing costs (.08%), occupancy costs (.08%), facility insurance premiums (.07%), legal and other professional fees (.06%), and non-recurring costs associated with fire and power outage incidents (.05%). These increases were partially offset by lower advertising costs (.07%).

Depreciation and amortization expense increased in the 13 weeks ended July 25, 2026 compared to the comparative prior fiscal year period due primarily to capital expenditures.

Interest expense decreased in the 13 weeks ended July 25, 2026 compared to the comparative prior year fiscal period due primarily to lower average outstanding debt balances.

Interest income decreased in the 13 weeks ended July 25, 2026 compared to the comparative prior fiscal year period due primarily to lower interest rates on variable rate notes receivable from Wakefern and demand deposits invested at Wakefern.

The Company's effective income tax rate was 30.6% in the 13 weeks ended July 25, 2026 compared to 31.4% in the 13 weeks ended July 26, 2025.

Net income was $13.6 million in the 13 weeks ended July 25, 2026 compared to $15.5 million in the 13 weeks ended July 26, 2025. Adjusted net income was $13.6 million in the 13 weeks ended July 25, 2026 compared to $15.6 million in the 13 weeks ended July 26, 2025.

Year-To-Date Fiscal 2026 Results

Sales were $2.406 billion in the 52 weeks ended July 25, 2026 compared to $2.321 billion in the 52 weeks ended July 26, 2025. Sales increased due primarily to same store sales growth of 2.2% and the openings of the Watchung, NJ and East Orange, NJ replacement stores on April 9, 2025 and May 27, 2026, respectively. Same store sales increased due primarily to digital sales growth, strong performance in fresh and pharmacy departments, and continued growth in remodeled and replacement stores. These increases were partially offset by egg price deflation and sales cannibalization from the Watchung replacement store.

Gross profit as a percentage of sales decreased to 28.17% in the 52 weeks ended July 25, 2026 compared to 28.57% in the 52 weeks ended July 26, 2025 due primarily to lower patronage dividends and other rebates received from Wakefern (.32%), an unfavorable change in product mix (.07%) and increased promotional spending (.05%), partially offset by increased departmental gross margin percentages (.07%).

Operating and administrative expense as a percentage of sales increased to 24.06% in the 52 weeks ended July 25, 2026 compared to 23.92% in the 52 weeks ended July 26, 2025. Adjusted operating and administrative expense as a percentage of sales increased to 24.05% in the 52 weeks ended July 25, 2026 compared to 23.98% in the 52 weeks ended July 26, 2025. The increase in Adjusted operating and administrative expense is due primarily to higher legal and other professional fees (.12%), utility, repair and maintenance costs (.10%), facility insurance costs (.06%) and store pre-opening costs (.06%). These increases were largely offset by lower employee costs (.13%), lower advertising costs (.10%) and short-term rental income (.05%).

Depreciation and amortization expense increased in the 52 weeks ended July 25, 2026 compared to the comparative prior fiscal year period due primarily to capital expenditures.

Interest expense decreased in the 52 weeks ended July 25, 2026 compared to the comparative prior fiscal year period due primarily to lower average outstanding debt balances.

Interest income decreased in the 52 weeks ended July 25, 2026 compared to the comparative prior fiscal year period due primarily to lower interest rates on variable rate notes receivable from Wakefern and demand deposits invested at Wakefern.

The Company's effective income tax rate was 28.8% in the 52 weeks ended July 25, 2026 compared to 31.1% in the 52 weeks ended July 26, 2025. The decline in the effective tax rate was primarily due to the excess tax benefit from vested stock-based compensation in the 52 weeks ended July 25, 2026.

Net income was $52.5 million in the 52 weeks ended July 25, 2026 compared to $56.4 million in the 52 weeks ended July 26, 2025. Adjusted net income was $52.7 million in the 52 weeks ended July 25, 2026 compared to $56.4 million in the 52 weeks ended July 26, 2025.

Village Super Market, Inc. operates a chain of 34 supermarkets in New Jersey, New York, Maryland and Pennsylvania under the ShopRite and Fairway banners and three Gourmet Garage specialty markets in New York City.

Forward Looking Statements

All statements, other than statements of historical fact, included in this Press Release are or may be considered forward-looking statements within the meaning of federal securities law. The Company cautions the reader that there is no assurance that actual results or business conditions will not differ materially from future results, whether expressed, suggested or implied by such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect developments or information obtained after the date hereof. The following are among the principal factors that could cause actual results to differ from the forward-looking statements: general economic conditions; competitive pressures from the Company's operating environment; the ability of the Company to maintain and improve its sales and margins; the ability to attract and retain qualified associates; the availability of new store locations; the availability of capital; the liquidity of the Company; the success of operating initiatives; consumer spending patterns; the impact of changing energy prices; increased cost of goods sold, including increased costs from the Company's principal supplier, Wakefern; disruptions or changes in Wakefern's operations; the results of litigation; the results of tax examinations; the results of union contract negotiations; competitive store openings and closings; labor shortages; disruptions to supply chains; and other factors detailed herein and in the Company's filings with the SEC.

The Company's consolidated financial statements are presented in accordance with generally accepted accounting principles ("GAAP"). We provide non-GAAP measures, including Adjusted net income and Adjusted operating and administrative expenses as management believes these supplemental measures are useful to investors and analysts. These non-GAAP financial measures should not be reviewed in isolation or considered as a substitute for our financial results as reported in accordance with GAAP, nor as an alternative to net income, operating and administrative expense or any other GAAP measure of performance. Management believes Adjusted net income and Adjusted operating and administrative expense are useful to investors because they provide supplemental measures that exclude the financial impact of certain items that affect period-to-period comparability. Management and the Board of Directors use these measures as they provide greater transparency in assessing ongoing operating performance on a period-to-period basis. Other companies may have different definitions of non-GAAP measures and provide for different adjustments, and comparability to the Company's results of operations may be impacted by such differences. The Company's presentation of non-GAAP measures should not be construed as an implication that its future results will be unaffected by unusual or non-recurring items.

VILLAGE SUPER MARKET, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited)
	13 Weeks Ended								52 Weeks Ended
	July 25, 2026				July 26, 2025				July 25, 2026				July 26, 2025
Sales	$	609,568			$	599,674			$	2,405,707			$	2,320,690
Cost of sales		437,453				430,773				1,727,956				1,657,724
Gross profit		172,115				168,901				677,751				662,966
Operating and administrative expense		145,825				138,581				578,928				555,038
Depreciation and amortization expense		8,944				8,640				34,507				34,398
Impairment of assets		—				1,462				—				1,462
Operating income		17,346				20,218				64,316				72,068
Interest expense		839				879				3,382				3,751
Interest income		(3,117	)			(3,274	)			(12,689	)			(13,502	)
Income before income taxes		19,624				22,613				73,623				81,819
Income taxes		6,007				7,093				21,168				25,439
Net income	$	13,617			$	15,520			$	52,455			$	56,380
Net income per share:
Class A common stock:
Basic	$	1.02			$	1.17			$	3.94			$	4.24
Diluted		0.92				1.05				3.54				3.81
Class B common stock:
Basic	$	0.66			$	0.76			$	2.56			$	2.75
Diluted		0.66				0.76				2.56				2.75
Gross profit as a % of sales		28.24	%			28.17	%			28.17	%			28.57	%
Operating and administrative expense as a % of sales		23.92	%			23.11	%			24.06	%			23.92	%

VILLAGE SUPER MARKET, INC.
RECONCILIATION OF NON-GAAP MEASURES
(In thousands) (Unaudited)

The following table reconciles Net income to Adjusted net income and Operating and administrative expenses to Adjusted operating and administrative expenses:

	13 Weeks Ended								52 Weeks Ended
	July 25, 2026				July 26, 2025				July 25, 2026				July 26, 2025
Net Income	$	13,617			$	15,520			$	52,455			$	56,380
Adjustments to Operating and Administrative Expenses:
Pension settlement charge (gain) (1)		—				(874	)			338				(874	)
Rent concession (2)		—				(517	)			—				(517	)
Adjustments to Impairment of Assets:
Impairment of assets (3)		—				1,462				—				1,462
Adjustments to Income Taxes:
Tax impact of special items		—				(22	)			(105	)			(22	)
Adjusted net income	$	13,617			$	15,569			$	52,688			$	56,429
Operating and administrative expenses	$	145,825			$	138,581			$	578,928			$	555,038
Adjustments to operating and administrative expenses		—				1,391				(338	)			1,391
Adjusted operating and administrative expenses	$	145,825			$	139,972			$	578,590			$	556,429
Adjusted operating and administrative expenses as a % of sales		23.92	%			23.34	%			24.05	%			23.98	%

(1) Fiscal 2026 pension settlement charge relates to the termination of a Company-sponsored plan. Fiscal 2025 pension settlement gain relates to lump payments made under an unfunded, non-qualified company sponsored defined benefit plan. 
(2) Fiscal 2025 includes income related to rent concessions received on one store location to compensate for disruption in operations during redevelopment of the retail center. 
(3) Fiscal 2025 includes non-cash impairment charges on the long-lived assets of one Gourmet Garage store and real estate assets classified as held for sale.

Contact:	John Van Orden, CFO
	(973) 467-2200
	villageinvestorrelations@wakefern.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Village Super Market's fourth-quarter fiscal 2026 earnings?

Village Super Market earned $13.617 million, or $0.92 per diluted Class A share, in the 13 weeks ended July 25, 2026. The comparable prior-year quarter produced $15.520 million, or $1.05 per diluted Class A share.

How much did Village Super Market's fiscal 2026 sales grow?

Village Super Market's sales increased 3.7% to $2.406 billion in the 52 weeks ended July 25, 2026. Same-store sales increased 2.2%, while same-store digital sales increased approximately 11%.

Why did Village Super Market's fourth-quarter operating expense ratio rise?

Village Super Market attributed the increase in its adjusted operating expense ratio to higher employee, pre-opening, service, technology, payment-processing, occupancy, insurance and professional costs, plus non-recurring fire and power-outage costs. Lower advertising costs partially offset these increases. The adjusted ratio rose to 23.92% from 23.34% a year earlier.

What helped offset Village Super Market's fiscal 2026 operating cost increases?

Lower employee costs, lower advertising costs and short-term rental income largely offset fiscal 2026 increases in legal and professional fees, utilities, repairs, maintenance, facility insurance and store pre-opening costs. Adjusted operating and administrative expenses nevertheless increased to 24.05% of sales from 23.98% a year earlier.

Why did Village Super Market's fourth-quarter gross margin improve?

Village Super Market attributed the improvement primarily to higher departmental gross margins, driven by improvements in shrink—inventory losses—and commissary operations. An unfavorable product mix, lower Wakefern patronage dividends and rebates, increased promotional spending and higher Wakefern warehouse assessment charges largely offset that improvement.