Village Sales Up, Profits Down

Village Super Markets here said Wednesday that net income for the company’s third fiscal quarter was down 17% compared with year-ago results, which the ShopRite operator attributed to a 1.5% decrease in comparable-store sales and increased operating expenses.

SPRINGFIELD, N.J. Village Super Market here said Wednesday that net income for the company’s third fiscal quarter was down 17% compared with year-ago results, which the ShopRite operator attributed to a 1.5% decrease in comparable-store sales and increased operating expenses.

The same-store sales decline compared with a year-ago increase of 7.3%. Village said cannibalization from a new location o

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