Picture of Village Super Market logo

VLGEA — Village Super Market News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer DefensivesBalancedMid CapSuper Stock

Village Super Market Q4 profit falls on higher employee, insurance costs

Village Super Market Q4 profit falls on higher employee, insurance costs


Overview

  • U.S. supermarket chain's fiscal Q4 sales rose 1.6% yr/yr, driven by same store sales growth

  • Fiscal Q4 net income declined yr/yr as operating expenses increased

  • Same store digital sales grew 6% in fiscal Q4


Outlook

  • Village Super Market did not provide specific guidance for future periods


Result Drivers

  • DIGITAL SALES - Co said same store digital sales rose 6% in Q4, contributing to overall same store sales growth

  • FRESH AND PHARMACY PERFORMANCE - Co cited strong results in fresh and pharmacy departments as supporting same store sales

  • OPERATING COSTS - Higher employee, pre-opening, technology, occupancy, insurance and non-recurring incident costs drove up operating expenses


Company press release: ID:nGNXCc5Sp


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

$609.57 mln

Q4 Net Income

$13.62 mln

Q4 Operating Income

$17.35 mln


Reuters Recommended Reads

  • Oct 5 - UK grocer Sainsbury's held merger talks with rival Morrisons, reports say

  • Oct 5 - Lidl GB to open 50-plus stores in $793 million investment drive

  • Oct 5 - McDonald's hit with class action alleging AI-powered menu price-fixing


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Recent news on Village Super Market

See all news