SPRINGFIELD, N.J. — Village Super Market here on Wednesday said same-store sales were down 1.7% in the second quarter, reflecting smaller transaction sizes due to deflation and ongoing economic pressures on consumers.
The company, which operates 26 ShopRites in New Jersey and Pennsylvania, said net income for the quarter, which ended Jan. 23, was down 15%, to $6.74 million, on a 0.8% increase in sales, to $315.3 million, due to the opening of one new store last May.
Net income was $11.3 million in the six-month period, a decrease of 21% from the prior year, while sales rose 2.4%, to $618.1 million. Same-store sales decreased 0.6% year-to-date.
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