SPRINGFIELD, N.J. -- Village Super Market here reported that its earnings picture improved but sales fell in both the fourth quarter and year ended July 29.
Quarterly net income totaled $352,000, compared with a net loss of $249,000 in the year-ago period. Sales declined 7.5% to $173.7 million from $187.8 million. Same-store sales increased 0.7% during the period.
For the year, Village recorded net earnings of $578,000, compared with a net loss of $807,000 last year.