Village Super Market (VLGE.A) Q3 2025 earnings summary

Executive summary

• Net income for the quarter was $11.2 million, up 24% year-over-year; adjusted net income was $11.6 million, up 21% year-over-year.

• Sales for the quarter increased 3.2% to $563.7 million, with same store sales up 1.9% and same store digital sales up 10%.

• Year-to-date net income was $40.9 million, up 17% from the prior year; adjusted net income was $41.3 million, up 16%.

• Opened a 72,000 sq. ft. ShopRite replacement store in Watchung, NJ.

Financial highlights

• Gross profit margin for the quarter rose to 28.77% from 28.54% year-over-year.

• Operating and administrative expenses as a percentage of sales decreased to 24.78% from 25.19%.

• Adjusted operating and administrative expenses as a percentage of sales decreased to 24.66% from 25.03%.

• Depreciation and amortization expense increased due to capital expenditures.

• Interest expense decreased due to lower average outstanding debt balances.

• Effective income tax rate for the quarter was 30.6%.

Outlook and guidance

• Same store sales growth expected to range from 1.5% to 2.5% for fiscal 2025.

• Capital expenditures revised downward to approximately $65 million for fiscal 2025, with the East Orange, NJ replacement store opening shifted to early fiscal 2026.

• Board intends to continue quarterly dividends at $0.25 per Class A and $0.1625 per Class B share.

• Effective income tax rate for fiscal 2025 expected to be 31.0%–32.0%.

• Liquidity expected to be sufficient for foreseeable needs, supported by cash, operating cash flow, and credit facility.