Village Super Market, Inc. Reports Results for the Second Quarter Ended January 25, 2025

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$29.7 million, up 14% from $26.1 million in the prior year-to-date period [7]. - Same store digital sales increased by 9$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].