Village Super Market Q4 profit falls on higher employee, insurance costs
Village Super Market’s fiscal Q4 sales rose 1.6% year over year to $609.57 million, while net income fell to $13.62 million as operating expenses increased. Same-store digital sales grew 6%, and the company provided no specific future-period guidance.
1. Sales and costs
Village Super Market reported fiscal Q4 sales of $609.57 million and net income of $13.62 million. Higher employee, pre-opening, technology, occupancy, insurance and non-recurring incident costs drove up operating expenses; the company cited fresh and pharmacy performance and 6% growth in same-store digital sales as supporting same-store sales growth.
