Village Super Market, Inc. Reports Results for the Second Quarter Ended January 24, 2026

Core Insights - Village Super Market, Inc. reported a net income of $17.9 million for the second quarter of fiscal 2026, reflecting a 6% increase from $16.9 million in the same period last year [7] - Sales for the second quarter reached $641.0 million, up 6.9% from $599.7 million in the prior year, driven by a 4.8% increase in same store sales and the opening of a new store [2][7] - The company's effective income tax rate decreased to 30.7% from 31.1% year-over-year [8] Second Quarter of Fiscal 2026 Highlights - Sales increased to $641.0 million from $599.7 million, attributed to a 4.8% rise in same store sales and the opening of a new store [2] - Same store sales growth was significantly influenced by higher sales during the last week of the quarter due to Winter Storm Fern, alongside digital sales growth and increased fresh and pharmacy sales [2] - Excluding the impact of Winter Storm Fern, same store sales increased by 1.4% [2] Gross Profit and Expenses - Gross profit as a percentage of sales decreased to 28.06% from 28.35%, primarily due to lower patronage dividends and increased promotional spending [3] - Operating and administrative expenses as a percentage of sales decreased to 23.07% from 23.22%, driven by lower employee and advertising costs [4] Year-To-Date Fiscal 2026 Highlights - Year-to-date sales reached $1.224 billion, up from $1.157 billion, with same store sales increasing by 3.7% [9] - Gross profit as a percentage of sales for the year-to-date period decreased to 28.18% from 28.68% [10] - Operating and administrative expenses as a percentage of sales decreased to 23.65% from 23.91% [11] Financial Performance - Net income for the year-to-date period was $29.9 million, a 1% increase from $29.7 million [7] - Adjusted net income for the year-to-date period was $30.1 million, also a 1% increase from the previous year [7] - Interest expense decreased due to lower average outstanding debt balances [5][12]