Village Super Market, Inc. reported a financial performance for fiscal 2025 with total sales reaching $2.32 billion, an increase of 3.75% from $2.24 billion in fiscal 2024. The company's net income also rose to $56.38 million, up from $50.46 million in the previous year, reflecting a net income margin of 2.43%, compared to 2.26% in fiscal 2024. The increase in sales was attributed to a 2.1% rise in same-store sales, bolstered by the openings of new replacement stores in Watchung and Old Bridge, New Jersey, as well as growth in digital sales and pharmacy services.
In terms of operational changes, Village Super Market opened a new 72,000 square foot ShopRite store in Watchung on April 9, 2025, and an 83,000 square foot replacement store in Old Bridge on March 17, 2024. The company also closed an 8,400 square foot Gourmet Garage store in New York City in November 2023, which had a minimal impact on overall financial performance. The total number of stores remained stable at 37, with a total selling square footage of approximately 1.53 million square feet.
The company maintained its cash dividend policy, paying $13.31 million in dividends during fiscal 2025, consistent with the previous year. The dividends per share remained unchanged at $1.00 for Class A shares and $0.65 for Class B shares. Village's total assets increased to $1.00 billion, up from $981.66 million in fiscal 2024, while long-term debt decreased to $308.49 million from $339.29 million, indicating improved financial leverage.
Looking ahead, Village Super Market has budgeted $75 million for capital expenditures in fiscal 2026, which will include the construction of a new replacement store in East Orange, New Jersey, and several smaller remodels. The company anticipates same-store sales growth to range between 1.0% and 3.0% in the upcoming fiscal year. Management expressed confidence that cash reserves, operating cash flow, and available credit will be sufficient to meet liquidity needs for the foreseeable future.
About VILLAGE SUPER MARKET INC
Village Super Market, Inc. operates a chain of supermarkets under the ShopRite, Fairway, and Gourmet Garage brands, primarily in New Jersey, New York, Maryland, and Pennsylvania. It offers a broad range of grocery, fresh, organic, and gourmet products, along with pharmacy and non-food items. As a member of Wakefern Food Corporation, it benefits from economies of scale, advanced retail technology, and marketing support in a highly competitive industry.
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