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Jul 29, 2023
Village Super Market Q4 2023 Earnings Report
Reported an increase in net income and sales, driven by same store sales growth and strategic initiatives.
Key Takeaways
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.
Net income increased by 21% to $15.3 million compared to the prior year's fourth quarter.
Adjusted net income increased by 27% to $15.6 million compared to the prior year's fourth quarter.
Same store sales increased by 3.2%.
Same store digital sales increased by 12%.