VILLAGE PROFITS DECLINE

SPRINGFIELD, N.J. -- Village Super Market here last week said increased expenses for health and pension plans and higher spending on promotions contributed to reduced profitability for the fourth quarter and fiscal year ended July 26.down 30% from year-ago levels, while sales increased 2.3%, to $230.5 million. Same-store sales also grew 2.3%. Operating income was $5.4 million, down 23% from the preceding

SPRINGFIELD, N.J. -- Village Super Market here last week said increased expenses for health and pension plans and higher spending on promotions contributed to reduced profitability for the fourth quarter and fiscal year ended July 26.

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