Wednesday, Village Super Market Inc. (VLGEA) said its first-quarter net income declined 29% to $4.54 million from $6.36 million in the prior year period, primarily due to low same store sales growth, decreased gross profit as a percentage of sales, and increased operating expense as a percentage of sales. Class A earnings per share for the quarter dropped to $0.34 from $0.47 in the year-ago period. Class B earnings per share for the quarter was $0.26, lower than $0.37 in the previous year.
Sales for the quarter rose to $302.78 million from $290.98 million in the comparable period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.