Village Super Market Q1 sales rise 4.5%, net income drops 6%

Village Super Market

02/12/2025 13:26

Overview

Village Super Market fiscal Q1 sales rose 4.5%, driven by same-store and digital sales growth

Net income for fiscal Q1 decreased 6% yr/yr due to higher cost of sales, adjusted net income fell 2%

Gross profit margin declined due to lower patronage dividends and increased promotional spending

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

SAME STORE SALES - Growth driven by digital sales, remodeled stores, and higher fresh and pharmacy sales

GROSS PROFIT DECLINE - Lower patronage dividends and increased promotional spending impacted margins

ADJUSTED OPERATING EXPENSES - Decrease as percentage of sales attributed to lower employee costs and short-term rental income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$582.59 mln
Q1 Net Income
$12.002 mln
Q1 Operating Income
$15.10 mln


Press Release: ID:nGNXZL4pZ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)