Sales Performance - Sales increased to 2,236,566infiscal2024,upfrom2,166,654 in fiscal 2023, driven by a 2.3% increase in same store sales and the opening of a new ShopRite store[51]. - Total sales for the year ended July 27, 2024, were 2,236,566,anincreaseof3.22,166,654 in the previous year[99]. - The pharmacy segment's sales increased to 82,276,000,accountingfor3.7641,975, up from 616,450,reflectingagrossmarginimprovement[99].−Netincomeforfiscal2024was50,462, compared to 49,716infiscal2023,whileadjustednetincomeincreasedto52,554 from 48,888,reflectinga750,462, compared to 49,716intheprioryear,representingagrowthof1.548,596 for the year ended July 27, 2024, compared to 48,126fortheyearendedJuly29,2023,anincreaseof1.012,174 in fiscal 2024 from 10,658infiscal2023,markinganincreaseofapproximately14.23,993,000 in fiscal 2024, compared to 3,274,000infiscal2023[106].Taxation−Theeffectiveincometaxratedecreasedto30.622,255 for the year ended July 27, 2024, compared to 23,009fortheyearendedJuly29,2023,reflectingadecreaseofapproximately3.363,113, dividends of 13,341,andprincipalpaymentsoflong−termdebtof11,003[67]. - Capital expenditures in fiscal 2023 were 46,400,withsignificantinvestmentsinstoreremodelsandtechnologyupgrades[69].−Thecompanyhasbudgeted75,000 for capital expenditures in fiscal 2025, focusing on new store constructions and technology upgrades[70]. - Capital expenditures increased to 63,113,000infiscal2024from46,400,000 in fiscal 2023, representing a rise of 35.9%[106]. Debt and Liquidity - Working capital decreased to 25,485infiscal2024from67,714 in fiscal 2023, primarily due to 33,338inmaturednotesreceivablefromWakefern[70].−AsofJuly27,2024,Villagehad67,664 available under its unsecured revolving line of credit[78]. - The Company’s total liabilities for finance and operating leases represent the present value of minimum lease payments not yet paid, reflecting the financial obligations associated with its lease agreements[122]. - As of July 27, 2024, the Company's total debt, excluding obligations under leases, was 72,245,downfrom81,796 in the previous year, indicating a reduction of approximately 11.4%[148]. Investments and Assets - The company holds variable rate notes receivable from Wakefern totaling 33,740,maturingonAugust15,2027[73].−Thecompany’stotalassetsasofJuly27,2024,were981,664, a slight increase from 967,706inthepreviousyear[98].−TheCompanyhasinvested17,355 in a real estate partnership for the development of a retail center in Old Bridge, New Jersey[71]. - Total deferred tax assets increased to 99,206asofJuly27,2024,from96,617 as of July 29, 2023, representing a growth of about 2.6%[163]. Shareholder Returns - The company plans to maintain quarterly dividends at the current rate of 0.25perClassAand0.1625 per Class B share in 2025[82]. - Dividends paid increased slightly to 13,341,000infiscal2024from13,193,000 in fiscal 2023[106]. - The Company declared cash dividends of 1.00pershareforClassAcommonstockand0.65 per share for Class B common stock in fiscal 2024, totaling 13,341comparedto13,193 in fiscal 2023[179]. Operational Changes - 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[45]. - 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[44]. - The company operated an automated micro-fulfillment center in South New Jersey, which was closed on September 1, 2024, leading to non-cash impairment charges[55]. - The Company recognized an impairment charge of $2,125 related to the closure of the automated micro-fulfillment center in south NJ in Fiscal 2024[130].