Quarterly ResultJun 3, 2026, 03:17 PM
Village Super Market Q3 Net Income Down to $8.96M on $572.59M Sales
AI Summary
Village Super Market, Inc. reported a decrease in net income for the 13 weeks ended April 25, 2026, to $8.96 million from $11.16 million in the prior year, despite an increase in sales to $572.59 million from $563.67 million. Diluted EPS for Class A common stock also saw a decline. The company's total assets slightly increased, while liabilities decreased, leading to an increase in shareholders' equity. A significant ongoing legal dispute with Wakefern Food Corporation concerning Wakefern's acquisition of Morton Williams Supermarkets continues, though the company believes it has not materially impacted operations.
Key Highlights
- Village Super Market reported net income of $8.96 million for the 13 weeks ended April 25, 2026, a decrease from $11.16 million in the prior year.
- Sales for the 13 weeks ended April 25, 2026, were $572.59 million, an increase from $563.67 million in the prior year.
- Diluted EPS for Class A common stock was $0.61 for the 13 weeks ended April 25, 2026, down from $0.75 in the prior year.
- Total assets were $1,008.44 million as of April 25, 2026, compared to $1,003.71 million as of July 26, 2025.
- Total liabilities decreased to $493.54 million as of April 25, 2026, from $511.75 million as of July 26, 2025.
- Shareholders' equity increased to $514.90 million as of April 25, 2026, from $491.96 million as of July 26, 2025.
- The company is involved in a legal dispute with Wakefern Food Corporation regarding Wakefern's acquisition of Morton Williams Supermarkets.
Price Impact
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