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 |
|
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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.)
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