Village Super Market Q1 Sales Grow

Fiscal year first quarter sales at Village Super Market were up, driven in part by a jump in same-store sales and the opening of its New York City location, company officials said.

For the 13-weeks ended Oct. 29, sales were $519.7 million, up from sales of $494.2 million in the comparable quarter the previous year. Sales were up due to an increase in same store sales of 4.3%, the opening of a Gourmet Garage in the West Village in Manhattan, N.Y., on April 29, and increased sales due to the remodel and conversion of the Pelham, N.Y., Fairway to the ShopRite banner on Aug. 15.

The increase in same store sales were due primarily to retail price inflation. 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.

Net income for the quarter was $11.1 million, up from net income of $7.3 million in  the first quarter of 2021.

Village Super Market operates a chain of 34 supermarkets in New Jersey, New York, Maryland and Pennsylvania under the ShopRite and Fairway banners and four Gourmet Garage specialty markets in New York City.