Village Q3 Earnings Fall Y/Y on High Costs, Sales Up Y/Y
Village Super Market, Inc. (NASDAQ: VLGEA) reported its financial results for the third quarter of fiscal 2024. It reported an earnings per share of 60 cents for Class A common stock (down from 75 cents in the prior-year quarter) and 44 cents for Class B common stock (down from 54 cents).
Total sales for the quarter amounted to $546.4 million, a 3.2% increase from $529.3 million in the same period last year.
The overall performance for the fiscal third quarter was marked by modest sales growth, attributed primarily to an increase in same-store sales and digital sales and the opening of a new replacement store. However, the decline in net income and EPS reflects increased operating expenses and other cost pressures.
Full story available on Benzinga.com