Village Super Market, Inc. (VLGEA) reported Wednesday an increase in third-quarter profit, helped by a 7.3% growth in same store sales.
For the third quarter, net income increased 27% to $6.2 million from $4.9 million in the corresponding quarter last year. Net income per Class A common stock rose to $0.47 from $0.37, while net income per Class B common stock increased to $0.37 from $0.30 in the same period last year.
Sales for the quarter increased 7.3% to $293.5 million from $273.4 million. Same store sales also grew 7.3%, due to higher sales from Franklin and Galloway stores, which were opened in fiscal 2008. In the third quarter of fiscal 2008, same store sales increased 0.4%.
Considering the sales trend in May, and a difficult comparison to the fourth quarter of 2008 when sales benefited from the distribution of economic stimulus checks, Village Super expects same store sales to improve by 1.5% to 3.5% in the fourth quarter of fiscal 2009.
Operating and administrative expense increased year-over-year to $65.4 million from $63.4 million.
For the nine-month period, net income increased 31% to $20.6 million from $15.6 million in the same period last year. Net income per Class A common stock rose to $1.55 from $1.19 and net income per Class B common stock increased to $1.22 from $0.96 in fiscal 2008.
Sales for the period grew 8.1% to $897.2 million from $829.8 million in the prior-year period, as same store sales increased 5.9% year-over-year.
Village Super Market said that following the opening of the Marmora, NJ store on May 31, it now operates a chain of 26 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.
VLGEA is currently trading at $29.49, down $0.50 or 1.67%, on the Nasdaq.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.