Village Super Market, Inc. Reports Results for the First Quarter Ended October 25, 2025

Core Insights - Village Super Market, Inc. reported a sales increase of 4.5% to $582.6 million for the first quarter ended October 25, 2025, compared to $557.7 million in the same period last year, driven by a 2.5% increase in same store sales and the opening of a new store [3][9] - Net income decreased by 6% to $12.0 million from $12.8 million year-over-year, while adjusted net income fell by 2% to $12.5 million [9][16] - Gross profit margin decreased to 28.31% from 29.03% due to lower patronage dividends, decreased departmental gross margins, and increased promotional spending [4][14] Sales Performance - Sales for the quarter were $582.6 million, up from $557.7 million, attributed to a 2.5% increase in same store sales and the opening of a new store [3][9] - Same store digital sales saw a significant increase of 14% [9] Profitability Metrics - Gross profit as a percentage of sales decreased to 28.31% from 29.03%, impacted by lower patronage dividends and increased promotional spending [4][14] - Operating and administrative expenses as a percentage of sales decreased to 24.28% from 24.66%, with adjusted operating expenses at 24.15% [5][14] Expenses and Income - Operating income decreased to $15.1 million from $16.0 million year-over-year [13] - Interest expense decreased due to lower average outstanding debt balances, while interest income fell due to lower interest rates on variable rate notes [6][7] Company Overview - Village Super Market operates 34 supermarkets under the ShopRite and Fairway banners, along with three Gourmet Garage specialty markets in New York City [8]