Sales Performance - Sales for the 13 weeks ended April 26, 2025, were $563,669, an increase of 3.2% compared to the same period in 2024, driven by a 1.9% increase in same store sales and new store openings [63]. - Sales for the 39 weeks ended April 26, 2025, were $1,721,016, an increase of 3.8% compared to the same period in 2024, with same store sales up by 2.2% [64]. - The Company expects same store sales to increase between 1.5% and 2.5% in fiscal 2025 [94]. Net Income and Profitability - Net income for the 13 weeks ended April 26, 2025, was $11,161, compared to $8,966 for the same period in 2024, with adjusted net income increasing by 21% to $11,633 [72]. - Gross profit as a percentage of sales increased by 0.23% in the 13 weeks ended April 26, 2025, primarily due to higher patronage dividends and rebates from Wakefern [65]. - Operating and administrative expenses as a percentage of sales decreased by 0.41% in the 13 weeks ended April 26, 2025, attributed to lower employee costs and advertising expenses [67]. - Adjusted operating and administrative expenses for the 39 weeks ended April 26, 2025, decreased by 0.17% as a percentage of sales compared to the same period in 2024 [68]. Taxation - The effective income tax rate was 30.6% for the 13 weeks ended April 26, 2025, compared to 30.1% for the same period in 2024 [71]. - The effective income tax rate for fiscal 2025 is projected to be in the range of 31.0% to 32.0% [94]. - The effective tax rate may be influenced by tax examinations and changes in tax laws [98]. Cash Flow and Liquidity - Net cash provided by operating activities increased to $71,538 in the 39 weeks ended April 26, 2025, compared to $58,040 in the prior year, primarily due to an increase in net income and changes in working capital [76]. - The Company believes that cash and cash equivalents, operating cash flow, and the Credit Facility will be sufficient to meet liquidity needs for the next twelve months [90]. - The Company has a credit facility with a maximum borrowing amount of $75,000, with interest rates based on the Secured Overnight Financing Rate (SOFR) plus 1.25% [84]. Capital Expenditures and Investments - Capital expenditures for the 39 weeks ended April 26, 2025, totaled $48,705, with significant investments in store construction and technology upgrades [77]. - The budgeted capital expenditures for fiscal 2025 have been revised downward to approximately $65,000 due to a delay in the opening of the East Orange, NJ replacement store, now expected in early fiscal 2026 [78]. Store Operations and Changes - The company opened a 72,000 sq. ft. replacement ShopRite store in Watchung, NJ, on April 9, 2025, replacing a 44,000 sq. ft. store [57]. - The company closed an 8,400 sq. ft. Gourmet Garage store in New York City on November 1, 2023, with no material impact on consolidated financial statements [58]. - The company operates a centralized commissary to enhance production efficiency and product quality across its stores [55]. Working Capital - Working capital decreased to $11,144 at April 26, 2025, from $25,485 at July 27, 2024, with working capital ratios of 1.06 and 1.15, respectively [83]. Pension and Insurance Liabilities - Certain multi-employer pension plans are underfunded, leading to potential increases in contributions and impacts on collective bargaining agreements [98]. - The company utilizes a mix of insurance and self-insurance for various liabilities, with projections of losses being highly variable due to multiple factors [98]. Asset Management - Long-lived assets, including store property and equipment, are subject to impairment testing, which could result in charges if cash flow levels are insufficient [98]. - Goodwill and indefinite-lived intangible assets are tested for impairment annually, with potential charges if acquired businesses do not meet forecasted expectations [98]. - Wakefern provides information system support for business management, which is vulnerable to interruptions that could adversely affect operations [98].

SPRINGFIELD, N.J., June 03, 2025 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the third quarter ended April 26, 2025. Third Quarter Highlights Net income of $11.2 million, an increase of 24% compared to $9.0 million in the third quarter of the prior yearAdjusted net income of $11.6 million, an increase of 21% compared to adjusted net income of $9.6 million in the third quarter of the prior yearSales increased 3.2% and same store sales increased 1.9% ...

Historically speaking, I have not been a big fan of the retail space. But every so often, I find it really attractive prospect in this industry. One firm that operates as a retailer in the food space that I have been consistentlyCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow ...

2025 may be only one-quarter complete, but thus far, my "on the fence" thesis regarding Village Super Market, Inc. (NASDAQ: VLGEA ) has been proven wrong. Those bullish on VLGEA stock have been tapAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alp ...

Shares of Village Super Market, Inc. (VLGEA) have gained 1.8% since it reported earnings for the second quarter of fiscal 2025 ended Jan. 25, 2025. This compares to the S&P 500 index’s 2.5% decline over the same time frame. Over the past month, the stock has lost 7.2% versus the S&P 500’s 5.9% fall.See the Zacks Earnings Calendar to stay ahead of market-making news.In the second quarter of fiscal 2025, Village Super Market reported earnings per share (EPS) of $1.14 for Class A common stock, growing from $0. ...

Financial Performance - Sales for the 13 weeks ended January 25, 2025, were $599,651, an increase of 4.2% compared to the same period in 2024, driven by a 2.3% increase in same store sales and the opening of a new store [60]. - Net income for the 13 weeks ended January 25, 2025, was $16,896, compared to $14,480 for the same period in 2024, reflecting a growth in profitability [70]. - Gross profit as a percentage of sales decreased by 0.05% in the 13 weeks ended January 25, 2025, primarily due to higher promotional spending and an unfavorable change in product mix [62]. - Operating and administrative expenses as a percentage of sales decreased by 0.49% in the 13 weeks ended January 25, 2025, attributed to lower facility insurance costs and decreased legal fees [64]. - The effective income tax rate was 31.1% for both the 13 and 26 weeks ended January 25, 2025, down from 31.5% in the same periods of 2024 [69]. Capital Expenditures and Investments - Capital expenditures for the 26 weeks ended January 25, 2025, totaled $27,548, primarily for the construction of replacement stores and technology upgrades [74]. - The company has budgeted $75,000 for capital expenditures in fiscal 2025, including costs for new store constructions and various upgrades [75]. - Capital expenditures are budgeted at $75,000 for fiscal 2025, including construction of replacement stores and various upgrades [91]. - The Company has budgeted for several smaller store remodels and merchandising initiatives as part of its capital expenditures [91]. Cash Flow and Liquidity - Net cash provided by operating activities was $60,952 for the 26 weeks ended January 25, 2025, compared to $48,674 in the prior year, driven by increased net income and changes in working capital [73]. - The Company believes cash and cash equivalents, along with operating cash flow, will be sufficient to meet liquidity needs for the foreseeable future [87]. Debt and Financing - The Company has a credit facility with a maximum borrowing amount of $75,000, expiring on May 6, 2025, with interest at SOFR plus 1.10% [81]. - A secured term loan of $50,000 was issued on September 1, 2020, with a fixed effective interest rate of 2.18%, repayable through September 1, 2035 [81]. - The Company has a secured term loan of $7,125 issued on January 27, 2023, with a fixed effective interest rate of 5.34%, repayable through January 27, 2038 [82]. Operational Outlook - The Company expects same store sales to increase between 1.0% and 3.0% in fiscal 2025 [91]. - The effective income tax rate is projected to be in the range of 31.0% - 32.0% for fiscal 2025 [91]. - Approximately 91% of employees are covered by collective bargaining agreements, which could impact financial results if work stoppages occur [91]. - The Company is vulnerable to economic downturns in New Jersey, New York, Pennsylvania, and Maryland, which could materially impact operations [91]. Store Openings - The company opened an 83,000 sq. ft. replacement ShopRite store in Old Bridge, NJ, on March 17, 2024, replacing a smaller 32,000 sq. ft. store [58]. Working Capital - Working capital was $24,821 at January 25, 2025, compared to $25,485 at July 27, 2024, with working capital ratios of 1.13 and 1.15, respectively [80].

Core Viewpoint - Village Super Market, Inc. reported strong financial results for the second quarter of fiscal 2025, with notable increases in sales and net income driven by same store sales growth and the opening of a new store [2][7]. Second Quarter Highlights - Sales reached $599.7 million for the 13 weeks ended January 25, 2025, up from $575.6 million for the same period last year, reflecting a 2.3% increase in same store sales [2]. - Same store sales growth was attributed to digital sales growth, remodeled stores, higher pharmacy sales, and inflation in meat and dairy departments [2][8]. - Gross profit as a percentage of sales slightly decreased to 28.35% from 28.40% year-over-year, influenced by higher promotional spending and an unfavorable product mix [3]. - Operating and administrative expenses as a percentage of sales decreased to 23.22% from 23.71%, due to lower facility insurance costs and decreased legal and consulting fees [4]. Year-To-Date Fiscal 2025 Highlights - Year-to-date sales totaled $1.157 billion, an increase from $1.112 billion in the prior year, with same store sales up 2.4% [7]. - Net income for the second quarter was $16.9 million, a 17% increase compared to the previous year [7]. - Year-to-date net income reached $29.7 million, up 14% from $26.1 million in the prior year-to-date period [7]. - Same store digital sales increased by 9% in the second quarter and 8% year-to-date [7]. Financial Metrics - Gross profit for the 13 weeks ended January 25, 2025, was $170.0 million, compared to $163.4 million for the same period last year [17]. - Operating income for the second quarter was $22.2 million, up from $18.4 million year-over-year [17]. - The effective income tax rate decreased to 31.1% from 31.5% year-over-year [6][12].

Core Insights - Village Super Market, Inc. (VLGEA) shares have declined 1.4% since the earnings report for the quarter ended October 26, 2024, underperforming the S&P 500 index which grew by 0.4% during the same period [1] - The stock has seen a 5.6% decline over the past month compared to the S&P 500's 1.9% growth, indicating a consistent underperformance relative to the broader market [1] Key Financial Highlights - For the first quarter of fiscal 2025, the company reported earnings per share of 86 cents, an increase from 78 cents in the previous year [2] - Sales reached $557.7 million, reflecting a 4% increase from $536.4 million in the prior-year period, driven by a 2.4% rise in same-store sales and contributions from a new store in Old Bridge, NJ [3] Operational Insights - Gross profit as a percentage of sales improved to 29% from 28.5%, aided by increased patronage dividends and reduced warehouse assessment charges, although these gains were partially offset by an unfavorable product mix and higher promotional spending [4] - Operating and administrative expenses increased to 24.7% of sales from 24.3% in the prior-year quarter, primarily due to rising employee costs and higher digital sales-related fees, though cost efficiencies were achieved in fixed occupancy and supply spending [5] Interest Expenses - Interest expense declined due to lower average outstanding debt, while interest income also decreased as a result of reduced investments in demand deposits [6] Net Income - Net income for the quarter rose to $12.8 million, marking an 11% increase from $11.6 million a year ago [7] Management Commentary - Management noted the positive impact of store remodels and digital sales growth on same-store performance, with the new Old Bridge location being a significant driver of top-line expansion, despite the closure of a Gourmet Garage store [8] Factors Influencing Performance - Sales growth was supported by strategic investments in digital and pharmacy offerings, while inflationary pressures on wages and utilities negatively impacted profitability, alongside promotional spending and unfavorable product mix changes [9] Other Developments - The company finalized the closure of one Gourmet Garage location in New York City during the quarter, which affected sales but aligns with its strategic store optimization efforts [11]

Financial Performance - Sales for the 13 weeks ended October 26, 2024, were $557,697, an increase of 4.0% compared to $535,000 for the same period in 2023, driven by a 2.4% increase in same store sales and the opening of a new store[65]. - Gross profit as a percentage of sales increased to 29.03% in the 13 weeks ended October 26, 2024, up from 28.52% in the prior year, primarily due to increased patronage dividends and rebates from Wakefern[66]. - Operating and administrative expenses as a percentage of sales rose to 24.66% in the 13 weeks ended October 26, 2024, compared to 24.29% in the same period last year, mainly due to increased employee costs and external fees related to digital sales[67]. - Net income for the 13 weeks ended October 26, 2024, was $12,803, compared to $11,585 for the same period in 2023, reflecting a net income margin increase to 2.30% from 2.16%[71]. - The effective income tax rate decreased to 31.2% in the 13 weeks ended October 26, 2024, from 31.5% in the prior year[69]. Capital Expenditures and Investments - Capital expenditures for the 13 weeks ended October 26, 2024, totaled $11,701, with a budget of $75,000 planned for fiscal 2025, including new store constructions and technology upgrades[75][76]. - Capital expenditures are budgeted at $75,000 for fiscal 2025, including costs for new store construction and technology upgrades[93]. Store Operations and Expansion - The company closed an 8,400 sq. ft. Gourmet Garage store in New York City on November 1, 2023, with no material impact on consolidated financial statements[62]. - An 83,000 sq. ft. replacement ShopRite store opened in Old Bridge, NJ, on March 17, 2024, replacing a 32,000 sq. ft. store[62]. - The company has ongoing evaluations for store remodels and expansions, focusing on increasing selling space[62]. - The Company expects same store sales to increase between 1.0% and 3.0% in fiscal 2025[93]. Financial Outlook and Projections - The effective income tax rate is anticipated to be in the range of 31.0% - 32.0% for fiscal 2025[95]. - The Board intends to continue paying quarterly dividends at the rate of $0.25 per Class A and $0.1625 per Class B share in 2025[94]. - Cash and cash equivalents, along with operating cash flow and the Credit Facility, are deemed sufficient for working capital and capital expenditures for the foreseeable future[94]. Risks and Vulnerabilities - Approximately 91% of employees are covered by collective bargaining agreements, which may impact financial results if work stoppages occur[99]. - The Company is vulnerable to economic downturns in New Jersey, New York, Pennsylvania, and Maryland, which could adversely affect operations[96]. - The Company relies heavily on Wakefern for merchandise and support services, and any adverse changes in this relationship could impact business operations[97]. - The Company expects contributions to underfunded multi-employer pension plans may increase, affecting future financial obligations[102]. - The Company utilizes a combination of insurance and self-insurance for potential liabilities, with projections subject to variability[103].

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