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 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.