Village Super Market, Inc. Reports Results for the Third Quarter Ended April 25, 2026
Rhea-AI Summary
Village Super Market (VLGEA) reported fiscal 2026 third-quarter sales of $572.6 million, up 1.6% year over year, with same store sales down 0.2% but up 1.3% excluding Winter Storm Fern. Net income was $9.0 million, or $0.61 per Class A diluted share.
Year-to-date, sales rose 4.4% to $1.796 billion, same store sales increased 2.4%, and same store digital sales grew 13%. Net income was $38.8 million (adjusted $39.1 million) versus $40.9 million a year earlier.
Positive
- Q3 sales up 1.6% to $572.6 million
- Year-to-date sales up 4.4% to $1.796 billion
- Year-to-date same store sales increased 2.4%
- Same store digital sales rose 9% in Q3, 13% year-to-date
- Year-to-date operating and administrative expense ratio fell to 24.11%
- Fiscal 2026 effective tax rates lower for quarter and year-to-date
- Interest expense decreased versus prior-year periods
Negative
- Q3 net income declined to $9.0 million from $11.2 million
- Year-to-date net income fell to $38.8 million from $40.9 million
- Q3 gross margin rate fell to 28.08% from 28.77%
- Year-to-date gross margin rate declined to 28.15% from 28.71%
- Q3 operating and administrative expense ratio rose to 25.11%
- Winter Storm Fern caused store closures and disrupted demand patterns
- Interest income decreased due to lower rates on Wakefern-related balances
News Market Reaction – VLGEA
In the Jun 2 session, VLGEA declined 19.37%, reflecting a significant negative market reaction. Argus tracked a trough of -12.2% from its starting point during tracking. Our momentum scanner triggered 31 alerts that day, indicating elevated trading interest and price volatility. Trading volume was very high at 3.9x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 03 | Quarterly earnings | Positive | +3.5% | Q2 2026 sales and net income growth with strong same store gains. |
| Dec 02 | Quarterly earnings | Positive | +0.9% | Q1 2026 sales growth and higher same store and digital sales. |
| Oct 07 | Quarterly earnings | Positive | -11.9% | FY2025 Q4 growth with margin pressure and impairment charges. |
| Jun 03 | Quarterly earnings | Positive | +1.1% | Strong Q3 2025 growth in net income, sales and digital channel. |
| Mar 04 | Quarterly earnings | Positive | +1.2% | Q2 2025 double-digit net income growth and solid same store gains. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases typically see modest positive reactions, with one notable negative outlier on a prior Q4 report. Average move across past earnings was slightly negative.
Recent earnings for Village Super Market have featured steady sales growth, expanding digital sales and ongoing contributions from the Watchung replacement store, offset by recurring gross margin pressure from lower Wakefern patronage dividends and higher promotions. Prior quarters (Q2 2026, Q1 2026, and FY2025 Q4/Q3/Q2) generally produced small positive stock moves, except FY2025 Q4, which saw an 11.92% decline despite growth. Today’s Q3 2026 report continues themes of sales growth with compressed margins and storm-related disruptions.
Key Terms
non-gaap financial
adjusted net income financial
adjusted operating and administrative expenses financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SPRINGFIELD, N.J., June 02, 2026 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the third quarter ended April 25, 2026.
Third Quarter of Fiscal 2026 Highlights
- Net income of
$9.0 million , or$0.61 per Class A diluted share - Sales increased
1.6% and same store sales decreased0.2% - Excluding the estimated impact of Winter Storm Fern on the first week of the quarter, same store sales increased
1.3% - Same store digital sales increased
9%
Year-To-Date Fiscal 2026 Highlights
- Net income of
$38.8 million , or$2.62 per Class A diluted share - Sales increased
4.4% and same store sales increased2.4% - Same store digital sales increased
13%
Third Quarter of Fiscal 2026 Results
Sales were
Same store sales were also negatively impacted by deflation in egg pricing and cannibalization of existing stores from the Watchung replacement store opening, partially offset by digital sales growth, continued growth in recently replaced or remodeled stores and higher sales in fresh departments. Pharmacy sales positively impacted same store sales despite lower pricing resulting from the Inflation Reduction Act. 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 decreased to
Operating and administrative expense as a percentage of sales increased to
Depreciation and amortization expense decreased in the 13 weeks ended April 25, 2026 compared to the comparative prior year fiscal period due primarily to timing of capital expenditures.
Interest expense decreased in the 13 weeks ended April 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 April 25, 2026 compared to the comparative prior year fiscal 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
Net income was
Year-To-Date Fiscal 2026 Results
Sales were
Gross profit as a percentage of sales decreased to
Operating and administrative expense as a percentage of sales decreased to
Depreciation and amortization expense decreased in the 39 weeks ended April 25, 2026 compared to the comparative prior year fiscal period due primarily to timing of capital expenditures.
Interest expense decreased in the 39 weeks ended April 25, 2026 compared to the comparative prior year fiscal period due primarily to lower average outstanding debt balances.
Interest income decreased in the 39 weeks ended April 25, 2026 compared to the comparative prior year fiscal 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
Net income was
Village Super Market 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; the rate of return on pension assets; labor shortages; disruptions to supply chains; and other factors detailed herein and in the Company's filings with the SEC.
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. We believe 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 | 39 Weeks Ended | ||||||||||||||
| April 25, 2026 | April 26, 2025 | April 25, 2026 | April 26, 2025 | ||||||||||||
| Sales | $ | 572,587 | $ | 563,669 | $ | 1,796,139 | $ | 1,721,016 | |||||||
| Cost of sales | 411,781 | 401,488 | 1,290,503 | 1,226,951 | |||||||||||
| Gross profit | 160,806 | 162,181 | 505,636 | 494,065 | |||||||||||
| Operating and administrative expense | 143,772 | 139,683 | 433,103 | 416,457 | |||||||||||
| Depreciation and amortization expense | 8,629 | 8,773 | 25,563 | 25,758 | |||||||||||
| Operating income | 8,405 | 13,725 | 46,970 | 51,850 | |||||||||||
| Interest expense | 833 | 899 | 2,542 | 2,871 | |||||||||||
| Interest income | (3,128 | ) | (3,256 | ) | (9,572 | ) | (10,228 | ) | |||||||
| Income before income taxes | 10,700 | 16,082 | 54,000 | 59,207 | |||||||||||
| Income taxes | 1,736 | 4,921 | 15,161 | 18,349 | |||||||||||
| Net income | $ | 8,964 | $ | 11,161 | $ | 38,839 | $ | 40,858 | |||||||
| Net income per share: | |||||||||||||||
| Class A common stock: | |||||||||||||||
| Basic | $ | 0.68 | $ | 0.84 | $ | 2.92 | $ | 3.07 | |||||||
| Diluted | 0.61 | 0.75 | 2.62 | 2.76 | |||||||||||
| Class B common stock: | |||||||||||||||
| Basic | $ | 0.44 | $ | 0.54 | $ | 1.90 | $ | 1.99 | |||||||
| Diluted | 0.44 | 0.54 | 1.90 | 1.99 | |||||||||||
| Gross profit as a % of sales | 28.08 | % | 28.77 | % | 28.15 | % | 28.71 | % | |||||||
| Operating and administrative expense as a % of sales | 25.11 | % | 24.78 | % | 24.11 | % | 24.20 | % | |||||||
| VILLAGE SUPER MARKET, INC. | |||||||
| RECONCILIATION OF NON-GAAP MEASURE | |||||||
| (In thousands) (Unaudited) | |||||||
| The following table reconciles Net income to Adjusted net income and Operating and administrative expenses to Adjusted operating and administrative expenses: | |||||||
| 39 Weeks Ended | |||||||
| April 25, 2026 | April 26, 2025 | ||||||
| Net Income | $ | 38,839 | $ | 40,858 | |||
| Adjustments to Operating and Administrative Expenses: | |||||||
| Pension settlement charge (1) | 338 | — | |||||
| Adjustments to Income Taxes: | |||||||
| Tax impact of special items | (105 | ) | — | ||||
| Adjusted net income | $ | 39,072 | $ | 40,858 | |||
| Operating and administrative expenses | $ | 433,103 | $ | 416,457 | |||
| Adjustments to operating and administrative expenses | (338 | ) | — | ||||
| Adjusted operating and administrative expenses | $ | 432,765 | $ | 416,457 | |||
| Adjusted operating and administrative expenses as a % of sales | 24.09 | % | 24.20 | % | |||
(1) Fiscal 2026 pension settlement charges relate to the termination of a company-sponsored plan.
| Contact: | John Van Orden, CFO |
| (973) 467-2200 | |
| villageinvestorrelations@wakefern.com |
