Village Super Market Reports 3.8% Sales Growth and 16% Net Income Increase for 39 Weeks Ending April 26, 2025

Village Super Market, Inc. reported a notable increase in financial performance for the 39 weeks ending April 26, 2025, with total sales reaching $1.721 billion, a 3.8% rise from $1.658 billion in the same period the previous year. The company’s net income also saw a significant increase, climbing to $40.858 million from $35.030 million, marking a 16% growth. For the 13-week period ending April 26, 2025, sales were $563.669 million, up 3.2% from $546.396 million, while net income rose to $11.161 million compared to $8.966 million in the prior year.

The company attributed its sales growth to a 2.2% increase in same-store sales, driven by digital sales growth, higher pharmacy sales, and inflation in the meat and dairy departments. Additionally, the opening of new replacement stores in Watchung and Old Bridge, New Jersey, contributed to the overall sales increase. Gross profit as a percentage of sales improved slightly, reflecting higher patronage dividends and rebates from Wakefern, despite some offsetting factors such as increased promotional spending.

Operationally, Village Super Market has been active in expanding its footprint, having opened a new 72,000 square foot ShopRite store in Watchung, NJ, on April 9, 2025, and an 83,000 square foot replacement store in Old Bridge, NJ, on March 17, 2024. The company also closed a smaller Gourmet Garage store in New York City, which had a minimal impact on overall financial results. The company’s employee headcount remains stable, with approximately 91% of employees covered by collective bargaining agreements, which could pose risks related to labor negotiations.

Looking ahead, Village Super Market expects same-store sales growth to range between 1.5% and 2.5% for fiscal 2025. The company has revised its capital expenditure budget downward to approximately $65 million, primarily due to a shift in the timing of the East Orange replacement store opening, now anticipated in early fiscal 2026. The company plans to continue paying quarterly dividends at the current rate of $0.25 per Class A share and $0.1625 per Class B share, while maintaining sufficient liquidity through cash reserves and operating cash flow to meet its anticipated working capital and capital expenditure needs.