Skip navigation

VILLAGE NET CLIMBS 63.7%

SPRINGFIELD, N.J. -- Village Super Market here reported a 63.7% increase in net income for its first quarter ended Oct. 25, due to improvements in same-store sales, higher gross margins, lower workers' compensation claims, lower depreciation and lower interest expense. Super Market operates 22 ShopRite stores in New Jersey and eastern Pennsylvania.1ST-QUARTER RESULTSQtr Ended 10/25/97 10/26/96Sales

SPRINGFIELD, N.J. -- Village Super Market here reported a 63.7% increase in net income for its first quarter ended Oct. 25, due to improvements in same-store sales, higher gross margins, lower workers' compensation claims, lower depreciation and lower interest expense.

Super Market operates 22 ShopRite stores in New Jersey and eastern Pennsylvania.

1ST-QUARTER RESULTS

Qtr Ended 10/25/97 10/26/96

Sales $169.9 million $169.2 million

Change + 0.4%

Same-store + 1.5%

Net Income $465,000 $284,000

Change + 63.7%

Inc/Share 16 cents 10 cents