SPRINGFIELD, N.J. — Village Super Market here yesterday said profits rose 48% in the first quarter, to $6.4 million, driven by sales from two new stores and comparable-store sales increases of 4.2%. Sales for the 13-week period, which ended Oct. 25, were up 10.4% to $291 million. The company, which operates 25 ShopRites in New Jersey and Pennsylvania, said it had increases in both customer traffic and transaction size. Inflation also helped drive comps in the quarter. Gross profit increased ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.