Revenue growth has cooled to 1.6% in 2026Q3, while gross margins have contracted from a 29.3% peak in 2024Q4 to 26.6% due to rising procurement and labor expenses.
| Metric | TTM | Jul'25 | Jul'24 | Jul'23 | Jul'22 | Jul'21 | Jul'20 | Jul'19 | Jul'18 | Jul'17 | Jul'16 | Jul'15 | Jul'14 | Jul'13 | Jul'12 | Jul'11 | Jul'10 | Jul'09 | Jul'08 | Jul'07 | Jul'06 | Jul'05 | Jul'04 | Jul'03 | Jul'02 | Jul'01 | Jul'00 | Jul'99 | Jul'98 | Jul'97 | Jul'96 |
|---|
| Sales/Revenue | 2.4B | 2.32B | 2.24B | 2.17B | 2.06B | 2.03B | 1.8B | 1.64B | 1.62B | 1.6B | 1.63B | 1.58B | 1.52B | 1.48B | 1.42B | 1.3B | 1.26B | 1.21B | 1.13B | 1.05B | 1.02B | 983.68M | 957.65M | 902.42M | 883.34M | 820.63M | 785M | 768.1M | 703.7M | 688.9M | 688.6M |
| Revenue Growth % | 4.2% | 3.76% | 3.23% | 5.12% | 1.51% | 12.51% | 9.8% | 1.76% | 0.65% | -1.86% | 3.23% | 4.29% | 2.86% | 3.81% | 9.49% | 2.94% | 4.45% | 7.12% | 7.77% | 2.91% | 3.37% | 2.72% | 6.12% | 2.16% | 7.64% | 4.54% | 2.2% | 9.15% | 2.15% | 0.04% | 1.67% |
| Cost of Goods Sold | 1.75B | 1.66B | 1.59B | 1.55B | 1.48B | 1.47B | 1.3B | 1.19B | 1.17B | 1.17B | 1.19B | 1.15B | 1.11B | 1.08B | 1.03B | 948.77M | 918.9M | 877.55M | 822.56M | 764.49M | 747.32M | 727.16M | 713.38M | 677.06M | 661.69M | 619.65M | 593.87M | 571.7M | 528.1M | 518M | 518.3M |
| COGS % of Revenue | - | 71.43% | 71.3% | 71.55% | 71.88% | 72.17% | 71.93% | 72.21% | 72.57% | 72.78% | 72.78% | 72.65% | 73.1% | 73.06% | 72.66% | 73.04% | 72.82% | 72.64% | 72.94% | 73.06% | 73.5% | 73.92% | 74.49% | 75.03% | 74.91% | 75.51% | 75.65% | 74.43% | 75.05% | 75.19% | 75.27% |
| Gross Profit | 648.97M | 662.97M | 641.98M | 616.45M | 579.67M | 565.04M | 506.48M | 456.72M | 443.03M | 436.71M | 445.03M | 433.12M | 408.5M | 397.76M | 388.83M | 350.16M | 342.93M | 330.55M | 305.2M | 281.94M | 269.5M | 256.52M | 244.27M | 225.36M | 221.64M | 200.97M | 191.12M | 196.4M | 175.6M | 170.9M | 170.3M |
| Gross Margin % | 27.09% | 28.57% | 28.7% | 28.45% | 28.12% | 27.83% | 28.07% | 27.79% | 27.43% | 27.22% | 27.22% | 27.35% | 26.9% | 26.94% | 27.34% | 26.96% | 27.18% | 27.36% | 27.06% | 26.94% | 26.5% | 26.08% | 25.51% | 24.97% | 25.09% | 24.49% | 24.35% | 25.57% | 24.95% | 24.81% | 24.73% |
| Gross Profit Growth % | - | 3.27% | 4.14% | 6.35% | 2.59% | 11.56% | 10.9% | 3.09% | 1.45% | -1.87% | 2.75% | 6.03% | 2.7% | 2.3% | 11.04% | 2.11% | 3.75% | 8.31% | 8.25% | 4.62% | 5.06% | 5.01% | 8.39% | 1.68% | 10.29% | 5.15% | -2.69% | 11.85% | 2.75% | 0.35% | 2.71% |
| Operating Expenses | 581.79M | 590.9M | 579.92M | 550.9M | 540.72M | 535.88M | 476.19M | 422.04M | 409.58M | 395.98M | 400.7M | 389.58M | 378.67M | 353.58M | 333.27M | 311.84M | 297.67M | 282.99M | 266.45M | 247.62M | 240.15M | 229.24M | 219.34M | 205.2M | 198.48M | 183.49M | 174.46M | 182.7M | 165.5M | 164.1M | 164.4M |
| OpEx % of Revenue | - | 25.46% | 25.93% | 25.43% | 26.23% | 26.39% | 26.39% | 25.68% | 25.36% | 24.68% | 24.51% | 24.6% | 24.93% | 23.95% | 23.43% | 24.01% | 23.59% | 23.42% | 23.63% | 23.66% | 23.62% | 23.3% | 22.9% | 22.74% | 22.47% | 22.36% | 22.22% | 23.79% | 23.52% | 23.82% | 23.87% |
| Selling, General & Admin | 423.8M | 555.04M | 544.35M | 516.9M | 507.6M | 498.79M | 444.83M | 394.75M | 384.58M | 371.5M | 376.6M | 366.25M | 356.4M | 333.23M | 313.52M | 293.22M | 280.77M | 267.67M | 252.74M | 235.23M | 228.47M | 218.65M | 209.84M | 196.27M | 189.84M | 174.49M | 166.25M | 175.1M | 158M | 156.4M | 155.8M |
| SG&A % of Revenue | - | 23.92% | 24.34% | 23.86% | 24.63% | 24.57% | 24.65% | 24.02% | 23.81% | 23.15% | 23.04% | 23.13% | 23.47% | 22.57% | 22.04% | 22.57% | 22.25% | 22.16% | 22.41% | 22.48% | 22.47% | 22.23% | 21.91% | 21.75% | 21.49% | 21.26% | 21.18% | 22.8% | 22.45% | 22.7% | 22.63% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 35.86M | 35.57M | 34M | 33.12M | 37.09M | 31.36M | 27.29M | 25M | 24.48M | 24.1M | 23.33M | 22.27M | 20.35M | 19.76M | 18.62M | 16.9M | 15.32M | 13.71M | 12.4M | 11.68M | 10.6M | 9.49M | 8.93M | 8.64M | 9M | 8.2M | 7.6M | 7.5M | 7.7M | 8.6M |
| Operating Income | 67.19M | 72.07M | 62.05M | 65.55M | 38.95M | 29.16M | 30.28M | 34.68M | 33.45M | 40.73M | 44.33M | 43.53M | 29.83M | 44.18M | 55.55M | 38.32M | 45.26M | 47.56M | 38.75M | 34.32M | 29.34M | 27.27M | 24.93M | 20.16M | 23.17M | 17.49M | 16.66M | 13.7M | 10.1M | 6.8M | 5.9M |
| Operating Margin % | 2.8% | 3.11% | 2.77% | 3.03% | 1.89% | 1.44% | 1.68% | 2.11% | 2.07% | 2.54% | 2.71% | 2.75% | 1.96% | 2.99% | 3.91% | 2.95% | 3.59% | 3.94% | 3.44% | 3.28% | 2.89% | 2.77% | 2.6% | 2.23% | 2.62% | 2.13% | 2.12% | 1.78% | 1.44% | 0.99% | 0.86% |
| Operating Income Growth % | - | 16.14% | -5.33% | 68.29% | 33.55% | -3.7% | -12.67% | 3.66% | -17.87% | -8.11% | 1.83% | 45.94% | -32.48% | -20.48% | 44.98% | -15.34% | -4.84% | 22.75% | 12.91% | 16.95% | 7.59% | 9.38% | 23.68% | -12.97% | 32.48% | 4.93% | 21.64% | 35.64% | 48.53% | 15.25% | 13.46% |
| EBITDA | 102.63M | 108.77M | 97.51M | 101.26M | 73.65M | 64.86M | 61.98M | 61.97M | 58.45M | 65.22M | 68.43M | 66.86M | 52.1M | 64.53M | 75.31M | 56.94M | 62.16M | 62.88M | 52.46M | 46.72M | 41.02M | 37.87M | 34.43M | 29.09M | 31.17M | 25.36M | 24.87M | 21.3M | 17.6M | 14.5M | 14.5M |
| EBITDA Margin % | 4.28% | 4.69% | 4.36% | 4.67% | 3.57% | 3.19% | 3.43% | 3.77% | 3.62% | 4.06% | 4.19% | 4.22% | 3.43% | 4.37% | 5.3% | 4.38% | 4.93% | 5.2% | 4.65% | 4.46% | 4.03% | 3.85% | 3.6% | 3.22% | 3.53% | 3.09% | 3.17% | 2.77% | 2.5% | 2.1% | 2.11% |
| EBITDA Growth % | -4.55% | 11.54% | -3.7% | 37.48% | 13.55% | 4.64% | 0.03% | 6.01% | -10.37% | -4.7% | 2.35% | 28.33% | -19.26% | -14.31% | 32.27% | -8.4% | -1.15% | 19.86% | 12.3% | 13.88% | 8.33% | 9.99% | 18.36% | -6.67% | 22.9% | 1.98% | 16.76% | 21.02% | 21.38% | 0% | 5.07% |
| D&A (Non-Cash Add-back) | 35.45M | 36.7M | 35.46M | 35.71M | 34.7M | 35.7M | 31.7M | 27.29M | 25M | 24.48M | 24.1M | 23.33M | 22.27M | 20.35M | 19.76M | 18.62M | 16.9M | 15.32M | 13.71M | 12.4M | 11.68M | 10.6M | 9.49M | 8.93M | 8M | 7.88M | 8.2M | 7.6M | 7.5M | 7.7M | 8.6M |
| EBIT | 77.83M | 73.53M | 76.85M | 76.94M | 42.97M | 32.8M | 34.34M | 39.96M | 37.3M | 43.58M | 46.83M | 45.93M | 32.45M | 48.41M | 58.12M | 40.52M | 47.28M | 49.62M | 41.78M | 34.32M | 29.34M | 27.27M | 24.93M | 20.16M | 23.17M | 17.49M | 16.66M | 13.7M | 10.1M | 6.8M | 5.9M |
| Net Interest Income | 9.82M | 9.75M | 10.66M | 7.18M | 116K | -310K | 1.45M | 847K | -615K | -1.61M | -1.99M | -2.14M | -980K | -988K | -1.84M | -2.07M | -1.64M | -952K | 44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 12.95M | 13.61M | 14.8M | 11.4M | 4.02M | 3.63M | 4.06M | 5.28M | 3.85M | 2.84M | 2.51M | 2.4M | 2.62M | 2.78M | 2.57M | 2.21M | 2.02M | 2.06M | 3.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.13M | 3.85M | 4.13M | 4.22M | 3.91M | 3.94M | 2.61M | 4.44M | 4.46M | 4.45M | 4.5M | 4.54M | 3.6M | 3.77M | 4.42M | 4.28M | 3.66M | 3.02M | 2.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 9.43M | 9.75M | 10.66M | 7.18M | 116K | -310K | 1.45M | 847K | -615K | -1.61M | -1.99M | -2.14M | -980K | 462K | -1.84M | -2.07M | -1.64M | -952K | 44K | 986K | -1M | -690K | -2.19M | -1.34M | -21.23M | -2.76M | -2.84M | -5.7M | -3.1M | -3.3M | -2.7M |
| Pretax Income | 76.61M | 81.82M | 72.72M | 72.72M | 39.06M | 28.85M | 31.73M | 35.52M | 32.84M | 39.12M | 42.34M | 41.4M | 28.85M | 44.64M | 53.71M | 36.24M | 43.62M | 46.61M | 38.79M | 35.3M | 28.34M | 26.58M | 22.74M | 18.82M | 1.93M | 14.73M | 13.82M | 8M | 7M | 3.5M | 3.2M |
| Pretax Margin % | 3.2% | 3.53% | 3.25% | 3.36% | 1.9% | 1.42% | 1.76% | 2.16% | 2.03% | 2.44% | 2.59% | 2.61% | 1.9% | 3.02% | 3.78% | 2.79% | 3.46% | 3.86% | 3.44% | 3.37% | 2.79% | 2.7% | 2.37% | 2.09% | 0.22% | 1.79% | 1.76% | 1.04% | 0.99% | 0.51% | 0.46% |
| Income Tax | 22.25M | 25.44M | 22.25M | 23.01M | 12.23M | 8.86M | 6.79M | 9.98M | 7.76M | 16.2M | 17.3M | 10.78M | 23.8M | 18.86M | 22.26M | 15.26M | 18.24M | 19.35M | 16.25M | 14.8M | 11.85M | 11.04M | 9.48M | 7.72M | 7.37M | 5.28M | 5.4M | 3.3M | 3M | 1.4M | 1.2M |
| Effective Tax Rate % | 29.05% | 31.09% | 30.6% | 31.64% | 31.32% | 30.7% | 21.41% | 28.11% | 23.63% | 41.41% | 40.85% | 26.03% | 82.51% | 42.24% | 41.45% | 42.11% | 41.81% | 41.52% | 41.88% | 41.92% | 41.82% | 41.54% | 41.68% | 41.02% | 381.67% | 35.87% | 39.05% | 41.25% | 42.86% | 40% | 37.5% |
| Net Income | 54.36M | 56.38M | 50.46M | 49.72M | 26.83M | 19.99M | 24.94M | 25.54M | 25.08M | 22.92M | 25.04M | 30.62M | 5.04M | 25.78M | 31.45M | 20.98M | 25.38M | 27.25M | 22.54M | 20.5M | 16.49M | 15.54M | 13.26M | 11.1M | 12.56M | 9.44M | 8.43M | 4.7M | 4M | 2.1M | 2M |
| Net Margin % | 2.27% | 2.43% | 2.26% | 2.29% | 1.3% | 0.98% | 1.38% | 1.55% | 1.55% | 1.43% | 1.53% | 1.93% | 0.33% | 1.75% | 2.21% | 1.62% | 2.01% | 2.26% | 2% | 1.96% | 1.62% | 1.58% | 1.38% | 1.23% | 1.42% | 1.15% | 1.07% | 0.61% | 0.57% | 0.3% | 0.29% |
| Net Income Growth % | -3.44% | 11.73% | 1.5% | 85.3% | 34.19% | -19.83% | -2.35% | 1.83% | 9.42% | -8.48% | -18.21% | 506.94% | -80.43% | -18% | 49.87% | -17.33% | -6.88% | 20.9% | 9.95% | 24.36% | 6.08% | 17.18% | 19.49% | -11.61% | 32.98% | 12.07% | 79.28% | 17.5% | 90.48% | 5% | 233.33% |
| Net Income (Continuing) | 54.36M | 56.38M | 50.46M | 49.72M | 26.83M | 19.99M | 24.94M | 25.54M | 25.08M | 22.92M | 25.04M | 30.62M | 5.04M | 25.78M | 31.45M | 20.98M | 25.38M | 27.25M | 22.54M | 20.5M | 16.49M | 15.54M | 13.26M | 11.1M | 12.56M | 9.44M | 8.43M | 4.7M | 4M | 2.1M | 2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.70 | 3.82 | 3.40 | 3.38 | 1.84 | 1.37 | 1.72 | 1.82 | 1.74 | 1.60 | 1.77 | 2.16 | 0.36 | 1.85 | 2.28 | 1.54 | 1.92 | 2.07 | 1.71 | 1.57 | 1.27 | 1.22 | 1.05 | 0.89 | 1.00 | 0.77 | 0.69 | 0.39 | 0.34 | 0.18 | 0.17 |
| EPS Growth % | -2.9% | 12.35% | 0.59% | 83.7% | 34.31% | -20.35% | -5.49% | 4.6% | 8.75% | -9.6% | -18.06% | 500% | -80.54% | -18.86% | 48.05% | -19.79% | -7.25% | 21.05% | 8.92% | 23.62% | 4.1% | 16.19% | 17.98% | -11% | 29.87% | 11.59% | 76.92% | 14.71% | 88.89% | 5.88% | 240% |
| EPS (Basic) | - | 3.82 | 3.78 | 3.78 | 2.06 | 1.53 | 1.92 | 1.98 | 1.79 | 1.80 | 1.98 | 2.44 | 0.36 | 1.86 | 2.74 | 1.86 | 2.09 | 2.24 | 1.75 | 1.95 | 1.57 | 1.49 | 1.30 | 1.10 | 1.03 | 0.78 | 0.70 | 0.40 | 0.34 | 0.18 | 0.17 |
| Diluted Shares Outstanding | 14.7M | 14.76M | 14.31M | 14.23M | 14.16M | 14.15M | 14.09M | 14.04M | 14.02M | 14M | 13.89M | 13.86M | 13.69M | 13.61M | 13.79M | 13.62M | 13.23M | 13.19M | 13.15M | 13.06M | 12.93M | 12.79M | 12.63M | 12.54M | 12.56M | 12.26M | 12.21M | 12.13M | 11.94M | 11.83M | 11.59M |
| Basic Shares Outstanding | 13.18M | 14.76M | 14.86M | 14.71M | 14.59M | 14.6M | 14.51M | 14.42M | 14.43M | 14.33M | 14.18M | 14.17M | 14.11M | 13.61M | 11.48M | 11.28M | 12.14M | 12.14M | 12.87M | 10.54M | 10.5M | 10.43M | 10.2M | 10.09M | 12.22M | 12.07M | 11.99M | 11.82M | 11.76M | 11.83M | 11.59M |
| Dividend Payout Ratio | - | 23.6% | 26.44% | 26.54% | 48.61% | 65.27% | 51.99% | 50.47% | 51.35% | 55.79% | 50.45% | 41.07% | 246.42% | 93.27% | 31.03% | 90.96% | 42.63% | 31.08% | 93.57% | 18.1% | 18.37% | 7.03% | 6.02% | 2.9% | - | - | - | - | - | - | - |
Regional labor cost inflation
According to the most recent quarterly filings, Village Super Market's revenue growth has decelerated to 1.6% in 2026Q3, reflecting a significant cooling from the 6.9% expansion observed in 2026Q2, which suggests that the company is struggling to maintain consistent top-line momentum in its core New Jersey markets.
The volatility in quarterly revenue growth indicates that the company's high-frequency grocery model is increasingly sensitive to regional consumer spending shifts. Investors should monitor whether the recent deceleration is a temporary seasonal fluctuation or a structural loss of market share to discount-oriented competitors.
As reported in financial statements, the company's gross margin contracted to 26.6% in 2026Q3 from a peak of 29.3% in 2024Q4, highlighting the difficulty of maintaining pricing power amidst rising procurement costs and the integration of lower-margin urban specialty store formats into the consolidated portfolio.
The persistent erosion of gross margins suggests that the company's value-oriented ShopRite banner is facing intense competitive pressure. The shift toward urban specialty formats appears to be introducing higher occupancy and operational costs that are not yet being fully offset by premium pricing strategies.
Based on the provided income statement data, operating margins have compressed to 1.5% in 2026Q3, a sharp decline from the 3.7% levels seen in 2026Q2 and 2025Q2, which indicates that the company is failing to achieve meaningful operating leverage as SG&A expenses remain stubbornly high relative to revenue.
The inability to scale operating income faster than gross profit suggests that fixed costs, particularly labor and store-level overhead, are consuming the majority of incremental gains. This lack of operating leverage warrants further investigation into the efficiency of the company's current store-level labor management and automation initiatives.
Analysis of the income statement reveals that SG&A expenses have remained a significant burden, with the company reporting $143.8 million in 2026Q3, which underscores the impact of rising regional wage mandates on a business model that operates with extremely thin net margins of only 1.6%.
The company's expense discipline appears challenged by the structural reality of its high-touch retail model in the Northeast. Without a significant shift toward self-checkout or other labor-saving technologies, the current cost structure may continue to act as a permanent drag on net profitability.
While the company maintains a stable balance sheet, the 18.7% decline in EPS during 2026Q3 compared to the prior year suggests that the current earnings trajectory is unsustainable, raising concerns that the market may be underestimating the risk of continued margin compression in a high-cost operating environment.
Short-term investors should be wary of the company's reliance on the Wakefern cooperative for procurement, as any disruption or reduction in patronage dividends could further impair net income. The current valuation may not fully account for the potential for long-term margin degradation if urban store performance fails to improve.
Quick answers to the most common questions about buying VLGEA stock.
For fiscal year 2025, Village Super Market, Inc. (VLGEA) reported total revenue of $2.32B. This represents a 237.0% increase compared to $688.6M in 1996.
Village Super Market, Inc. (VLGEA) is profitable, generating $56.4M in net income for the fiscal year ending 2025 with a net profit margin of 2.4%.
Village Super Market, Inc. (VLGEA) reported an operating income of $72.1M, resulting in an operating profit margin of 3.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Village Super Market, Inc. (VLGEA) generated $663.0M in gross profit for the year, representing a gross profit margin of 28.6%. This demonstrates the company's core pricing power and production efficiency.