Friday, Village Super Market Inc.'s (VLGEA) fourth-quarter net income declined to $6.68 million from $6.89 million in the year earlier period. Excluding a $708,000 charge related to litigation in fiscal 2009, net income rose 7% in the fourth quarter compared with the prior year, primarily due to higher gross profit percentages, partially offset by higher operating expenses as a percentage of sales and higher depreciation expense.
Net income per class A common stock for the recent quarter slid to $0.50 from $0.52 and net income per class B common stock also descended to $0.39 from $0.41 in the previous year.
Sales for the fourth quarter of 2009 grew to $310.92 million from $297.97 million in the comparable period last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.