SPRINGFIELD, NJ - Village Super Market reported its results of operations for the first quarter ended October 26, 2024.

Sales were $557.7 million in the 13 weeks ended October 26, 2024 compared to $536.4 million in the 13 weeks ended October 28, 2023. As a press release noted, sales increased due to an increase in same store sales of 2.4 percent and the opening of the Old Bridge, NJ, replacement store on March 17, 2024 partially offset by the impact of the closure of a Gourmet Garage location on November 1, 2023.

Same store sales increased due primarily to digital sales growth, higher pharmacy sales, and continued growth in recently remodeled stores. New stores, replacement stores and stores with banner changes are included in same store sales in the quarter after the store has been in operation for four full quarters. Store renovations and expansions are included in same store sales immediately.

Gross profit as a percentage of sales increased to 29.03 percent in the 13 weeks ended October 26, 2024 compared to 28.52 percent in the 13 weeks ended October 28, 2023.

As shared in the press release, other first quarter highlights include:

• Sales increased 4 percent and same store sales increased 2.4 percent
• Same store digital sales increased 8 percent
• Net income of $12.8 million, an increase of 11 percent compared to the first quarter of the prior year
• First Quarter of Fiscal 2025 Results

Village Super Market operates a chain of 34 supermarkets in New Jersey, New York, Maryland and Pennsylvania under the ShopRite and Fairway banners and three Gourmet Garage specialty markets in New York City. To dive further into the retailer’s most recent financial report, click here.

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