)

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/Mis Actual Consensu

s s

Estimate

Q1 Sales $582.59

mln

Q1 Net $12.002

Income mln

Q1 $15.10

Operatin mln

g Income

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)

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