Village Super Market Earnings Reports

Village Super Market, Inc. reported a strong fourth quarter with increased net income and sales. Net income rose by 21% to $15.3 million, and adjusted net income increased by 27% to $15.6 million. Sales increased to $553.8 million, driven by a 3.2% increase in same store sales and the conversion of a Fairway store to a ShopRite banner.

Village Super Market, Inc. reported a net income increase of 33% to $12.6 million for the fourth quarter ended July 30, 2022, compared to the same period last year. Sales decreased slightly by 1.6% to $527.5 million due to the prior year containing an extra week, but increased by 5.6% excluding this impact. Same store sales rose by 5.1%, and same store digital sales increased by 7%.