Village Super Market, Inc. Reports Results for the Fourth Quarter Ended July 26, 2025

Core Insights - Village Super Market, Inc. reported a 3.7% increase in sales for the fourth quarter of fiscal 2025, reaching $599.7 million compared to $578.2 million in the same period last year, driven by a 1.6% increase in same store sales and the opening of a new store in Watchung, NJ [4][8] - The company's net income for the fourth quarter was $15.5 million, a slight increase of 1% from $15.4 million in the previous year, while adjusted net income decreased by 8% to $15.6 million [8][21] - Year-to-date sales for fiscal 2025 were $2.321 billion, up from $2.237 billion in the prior year, with same store sales increasing by 2.1% [11][12] Fourth Quarter Highlights - Sales for the fourth quarter were $599.7 million, up from $578.2 million, attributed to a 1.6% increase in same store sales and the opening of a new store [4] - Gross profit margin decreased to 28.17% from 29.34% due to various factors including increased promotional spending and cost inflation [5][21] - Operating and administrative expenses as a percentage of sales decreased to 23.11% from 24.20%, primarily due to lower employee costs and reduced advertising spending [6][21] Year-To-Date Fiscal 2025 Highlights - Total sales for the year were $2.321 billion, an increase of 3.8% from the previous year, with same store sales rising by 2.1% [11] - Gross profit margin for the year decreased slightly to 28.57% from 28.70%, impacted by higher promotional spending and an unfavorable product mix [12] - Adjusted operating and administrative expenses as a percentage of sales decreased to 23.95% from 24.30%, reflecting lower employee costs and reduced facility insurance costs [13] Financial Performance - Net income for the year increased by 12% to $56.4 million compared to $50.5 million in the prior year-to-date period [8] - Adjusted net income for the year was $56.9 million, an increase of 8% from $52.6 million in the previous year [8] - The effective income tax rate increased to 31.1% from 30.6% due to changes in state tax rates [17]