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Jul 30, 2022
Village Super Market Q4 2022 Earnings Report
Reported an increase in net income and same store sales, driven by growth in New York City stores and effective cost management.
Key Takeaways
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%.
Net income increased by 33% to $12.6 million compared to the fourth quarter of the prior year.
Adjusted net income increased by 41% to $12.3 million compared to the fourth quarter of the prior year.
Same store sales increased by 5.1%.
Same store digital sales increased by 7%.