45 unchanged sentences
Authorized 20,000 shares;
−Removed: issued 11,620 shares at January 25, 2025 and 11,559 shares at July 27, 2024
+Added: issued 11,628 shares at April 26, 2025 and 11,559 shares at July 27, 2024
82,701 80,186
1 unchanged sentence
Authorized 20,000 shares;
−Removed: issued and outstanding 4,125 shares at January 25, 2025 and 4,204 shares at July 27, 2024
+Added: issued and outstanding 4,125 shares at April 26, 2025 and 4,204 shares at July 27, 2024
Retained earnings 411,497 380,618
1 unchanged sentence
Less treasury stock, Class A, at cost:
−Removed: 998 shares at January 25, 2025 and 999 shares at July 27, 2024
+Added: 997 shares at April 26, 2025 and 999 shares at July 27, 2024
( 20,465 ) ( 20,507 )
7 unchanged sentences
13 Weeks Ended 39 Weeks Ended
−Removed: 2025 January 27,
−Removed: 2024 January 25,
−Removed: 2025 January 27,
+Added: 2025 April 27,
+Added: 2024 April 26,
+Added: 2025 April 27,
Sales $ 563,669 $ 546,396 $ 1,721,016 $ 1,658,329
22 unchanged sentences
13 Weeks Ended 39 Weeks Ended
−Removed: 2025 January 27,
−Removed: 2024 January 25,
−Removed: 2025 January 27,
+Added: 2025 April 27,
+Added: 2024 April 26,
+Added: 2025 April 27,
Net income $ 11,161 $ 8,966 $ 40,858 $ 35,030
Other comprehensive income:
−Removed: Unrealized gains (losses) on interest rate swaps, net of tax (1) 283 ( 1,477 ) ( 110 ) ( 700 )
+Added: Unrealized (losses) gains on interest rate swaps, net of tax (1) ( 989 ) 738 ( 1,099 ) 38
Amortization of pension actuarial gain, net of tax (2) ( 68 ) ( 75 ) ( 203 ) ( 224 )
Comprehensive income $ 10,104 $ 9,629 $ 39,556 $ 34,844
−Removed: (1) Amount is net of tax of $ 128 and $ 680 for the 13 weeks ended January 25, 2025 and January 27, 2024, respectively, and $ 50 and $ 323 for the 26 weeks ended January 25, 2025 and January 27, 2024, respectively.
−Removed: (2) Amount is net of tax of $ 31 and $ 34 for the 13 weeks ended January 25, 2025 and January 27, 2024, respectively, and $ 62 and $ 69 for the 26 weeks ended January 25, 2025 and January 27, 2024, respectively.
+Added: (1) Amount is net of tax of $ 447 and $ 339 for the 13 weeks ended April 26, 2025 and April 27, 2024, respectively, and $ 497 and $ 16 for the 39 weeks ended April 26, 2025 and April 27, 2024, respectively.
+Added: (2) Amount is net of tax of $ 31 and $ 34 for the 13 weeks ended April 26, 2025 and April 27, 2024, respectively, and $ 93 and $ 103 for the 39 weeks ended April 26, 2025 and April 27, 2024, respectively.
All amounts are reclassified from accumulated other comprehensive income to operating and administrative expense.
4 unchanged sentences
(In thousands) (Unaudited)
−Removed: 13 Weeks Ended January 25, 2025 and January 27, 2024
+Added: 13 Weeks Ended April 26, 2025 and April 27, 2024
Common Stock Class B
5 unchanged sentences
Shares Issued Amount Shares Issued Amount Retained Earnings Shares Amount
−Removed: Balance, October 26, 2024
+Added: Balance, January 25, 2025
11,620 $ 81,792 4,125 $ 670 $ 403,663 $ 6,334 998 $ ( 20,491 ) $ 471,968
Net income — — — — 11,161 — — — 11,161
−Removed: Other comprehensive income, net of tax of $ 97
+Added: Other comprehensive loss, net of tax of $ 478
— — — — — ( 1,057 ) — — ( 1,057 )
Dividends — — — — ( 3,327 ) — — — ( 3,327 )
+Added: Exercise of stock options 1 6 — — — — (1) 26 32
Restricted shares forfeited ( 1 ) ( 1 ) — — — — — — ( 1 )
Share-based compensation expense 8 904 — — — — — — 904
−Removed: Balance, January 25, 2025
+Added: Balance, April 26, 2025
11,628 $ 82,701 4,125 $ 670 $ 411,497 $ 5,277 997 $ ( 20,465 ) $ 479,680
−Removed: Balance, October 28, 2023
+Added: Balance, January 27, 2024
11,556 $ 78,000 4,204 $ 683 $ 362,862 $ 7,285 968 $ ( 19,685 ) $ 429,145
Net income — — — — 8,966 — — — 8,966
−Removed: Other comprehensive loss, net of tax of $ 714
+Added: Other comprehensive income, net of tax of $ 305
— — — — — 663 — — 663
3 unchanged sentences
Share-based compensation expense 6 955 — — — — — — 955
−Removed: Balance, January 27, 2024
+Added: Balance, April 27, 2024
11,562 $ 78,955 4,204 $ 683 $ 368,525 $ 7,948 977 $ ( 19,904 ) $ 436,207
−Removed: 26 Weeks Ended January 25, 2025 and January 27, 2024
+Added: 39 Weeks Ended April 26, 2025 and April 27, 2024
Common Stock Class B
15 unchanged sentences
Conversion of Class B shares to Class A shares 79 13 ( 79 ) ( 13 ) — — — — —
−Removed: Balance, January 25, 2025
+Added: Balance, April 26, 2025
11,628 $ 82,701 4,125 $ 670 $ 411,497 $ 5,277 997 $ ( 20,465 ) $ 479,680
8 unchanged sentences
Share-based compensation expense 20 2,856 — — — — — — 2,856
−Removed: Balance, January 27, 2024
+Added: Balance, April 27, 2024
11,562 $ 78,955 4,204 $ 683 $ 368,525 $ 7,948 977 $ ( 19,904 ) $ 436,207
5 unchanged sentences
39 Weeks Ended
−Removed: 2025 January 27,
+Added: 2025 April 27,
CASH FLOWS FROM OPERATING ACTIVITIES
19 unchanged sentences
Investment in notes receivable from Wakefern ( 6,290 ) ( 39,849 )
+Added: Maturity of notes receivable from Wakefern — 33,338
Investment in real estate partnership ( 339 ) ( 4,704 )
2 unchanged sentences
Proceeds from exercise of stock options 53 —
+Added: Excess tax benefit related to share-based compensation 55 —
Principal payments of long-term debt ( 8,234 ) ( 8,304 )
2 unchanged sentences
Net cash used in financing activities ( 18,105 ) ( 19,883 )
−Removed: NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 16,668 ( 7,564 )
+Added: NET DECREASE IN CASH AND CASH EQUIVALENTS ( 1,901 ) ( 26,965 )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 117,261 140,910
11 unchanged sentences
BASIS OF PRESENTATION and ACCOUNTING POLICIES
−Removed: In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal and recurring accruals) necessary to present fairly the consolidated financial position as of January 25, 2025 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 26 weeks ended January 25, 2025 and January 27, 2024 of Village Super Market, Inc.
+Added: In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal and recurring accruals) necessary to present fairly the consolidated financial position as of April 26, 2025 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 39 weeks ended April 26, 2025 and April 27, 2024 of Village Super Market, Inc.
(“Village” or the “Company”).
1 unchanged sentence
Annual Report on Form 10-K, which should be read in conjunction with these financial statements.
−Removed: The results of operations for the period ended January 25, 2025 are not necessarily indicative of the results to be expected for the full year.
+Added: The results of operations for the period ended April 26, 2025 are not necessarily indicative of the results to be expected for the full year.
Disaggregated Revenues
1 unchanged sentence
13 Weeks Ended 39 Weeks Ended
−Removed: January 25, 2025 January 27, 2024 January 25, 2025 January 27, 2024
+Added: April 26, 2025 April 27, 2024 April 26, 2025 April 27, 2024
Amount % Amount % Amount % Amount %
8 unchanged sentences
MERCHANDISE INVENTORIES
−Removed: At January 25, 2025 and July 27, 2024, approximately 64 % of merchandise inventories are valued by the LIFO method while the balance is valued by FIFO.
−Removed: If the FIFO method had been used for the entire inventory, inventories would have been $ 22,133 and $ 21,789 higher than reported at January 25, 2025 and July 27, 2024, respectively.
+Added: At April 26, 2025 and July 27, 2024, approximately 64 % of merchandise inventories are valued by the LIFO method while the balance is valued by FIFO.
+Added: If the FIFO method had been used for the entire inventory, inventories would have been $ 22,403 and $ 21,789 higher than reported at April 26, 2025 and July 27, 2024, respectively.
NET INCOME PER SHARE
10 unchanged sentences
13 Weeks Ended 39 Weeks Ended
−Removed: 2025 January 27,
−Removed: 2024 January 25,
−Removed: 2025 January 27,
+Added: 2025 April 27,
+Added: 2024 April 26,
+Added: 2025 April 27,
Net income $ 11,161 $ 8,966 $ 40,858 $ 35,030
4 unchanged sentences
13 Weeks Ended 39 Weeks Ended
−Removed: January 25, 2025 January 25, 2025
+Added: April 26, 2025 April 26, 2025
Class A Class B Class A Class B
8 unchanged sentences
13 Weeks Ended 39 Weeks Ended
−Removed: January 27, 2024 January 27, 2024
+Added: April 27, 2024 April 27, 2024
Class A Class B Class A Class B
5 unchanged sentences
Weighted average shares outstanding, diluted 14,296 4,204 14,316 4,204
−Removed: Outstanding stock options to purchase Class A shares of 85 were excluded from the calculation of diluted net income per share at January 27, 2024 as a result of their anti-dilutive effect.
−Removed: In addition, 437 and 496 non-vested restricted Class A shares, which are considered participating securities, and their allocated net income were excluded from the diluted net income per share calculation at January 25, 2025 and January 27, 2024, respectively, due to their anti-dilutive effect.
+Added: Outstanding stock options to purchase Class A shares of 2 were excluded from the calculation of diluted net income per share at April 27, 2024 as a result of their anti-dilutive effect.
+Added: In addition, 429 and 485 non-vested restricted Class A shares, which are considered participating securities, and their allocated net income were excluded from the diluted net income per share calculation at April 26, 2025 and April 27, 2024, respectively, due to their anti-dilutive effect.
RELATED PARTY INFORMATION
2 unchanged sentences
The Company invested all of the proceeds received in variable rate notes receivable from Wakefern that earn interest at the SOFR plus 2.25 % and mature on February 15, 2029.
−Removed: At January 25, 2025, the Company held variable rate notes receivable due from Wakefern of $ 35,223 that earn interest at the prime rate plus .50 % and mature on August 15, 2027, $ 36,360 that earn interest at the prime rate plus .50 % and mature on September 28, 2027 and $ 35,577 that earn interest at the SOFR plus 2.25 % and mature on February 15, 2029.
+Added: At April 26, 2025, the Company held variable rate notes receivable due from Wakefern of $ 35,918 that earn interest at the prime rate plus .50 % and mature on August 15, 2027, $ 37,077 that earn interest at the prime rate plus .50 % and mature on September 28, 2027 and $ 36,157 that earn interest at the SOFR plus 2.25 % and mature on February 15, 2029.
Wakefern has the right to prepay these notes at any time.
Under certain conditions, the Company can require Wakefern to prepay the notes, although interest earned since inception would be reduced as if it was earned based on overnight money market rates as paid by Wakefern on demand deposits.
−Removed: Included in cash and cash equivalents at January 25, 2025 and July 27, 2024 are $ 115,397 and $ 97,126 , respectively, of demand deposits invested at Wakefern at overnight money market rates.
−Removed: On April 28, 2022, the Company entered into a partnership agreement for a 30 % interest in the development of a retail center in Old Bridge, New Jersey, which includes the Village Old Bridge replacement store with an operating lease obligation of $ 4,352 as of January 25, 2025.
−Removed: As of January 25, 2025, Village has invested $ 17,694 into the real estate partnership, which is accounted for as an equity method investment included in Investments in Real Estate Partnerships on the Consolidated Balance Sheet.
+Added: Included in cash and cash equivalents at April 26, 2025 and July 27, 2024 are $ 100,070 and $ 97,126 , respectively, of demand deposits invested at Wakefern at overnight money market rates.
+Added: On April 28, 2022, the Company entered into a partnership agreement for a 30 % interest in the development of a retail center in Old Bridge, New Jersey, which includes the Village Old Bridge replacement store with an operating lease obligation of $ 4,340 as of April 26, 2025.
+Added: As of April 26, 2025, Village has invested $ 17,694 into the real estate partnership, which is accounted for as an equity method investment included in Investments in Real Estate Partnerships on the Consolidated Balance Sheet.
No additional equity investment is expected for this project.
−Removed: There have been no other significant changes in the Company’s relationships or nature of transactions with related parties during the 26 weeks ended January 25, 2025.
+Added: There have been no other significant changes in the Company’s relationships or nature of transactions with related parties during the 39 weeks ended April 26, 2025.
COMMITMENTS and CONTINGENCIES
14 unchanged sentences
• An unsecured revolving line of credit providing a maximum amount available for borrowing of $ 75,000 .
−Removed: Indebtedness under this agreement bears interest at the applicable Secured Overnight Financing Rate ("SOFR") plus 1.10 % and expires on May 6, 2025.
+Added: Indebtedness under this agreement bears interest at the applicable Secured Overnight Financing Rate ("SOFR") plus 1.25 % and expires on April 30, 2030.
• An unsecured $ 25,500 term loan issued on May 12, 2020, repayable in equal monthly installments based on a seven-year amortization schedule through May 4, 2027 and bearing interest at the applicable SOFR plus 1.46 %.
14 unchanged sentences
The term loan is secured by the Vineland store shopping center.
−Removed: The Credit Facility also provides for up to $ 25,000 of letters of credit ($ 7,336 outstanding at January 25, 2025), which secure obligations for store leases and construction performance guarantees to municipalities.
+Added: The Credit Facility also provides for up to $ 25,000 of letters of credit ($ 7,438 outstanding at April 26, 2025), which secure obligations for store leases and construction performance guarantees to municipalities.
The Credit Facility contains covenants that, among other conditions, require a minimum tangible net worth, a minimum fixed charge coverage ratio and a maximum adjusted debt to EBITDAR ratio.
−Removed: The Company was in compliance with all covenants of the credit agreement at January 25, 2025.
−Removed: As of January 25, 2025, $ 67,664 remained available under the unsecured revolving line of credit.
+Added: The Company was in compliance with all covenants of the credit agreement at April 26, 2025.
+Added: As of April 26, 2025, $ 67,562 remained available under the unsecured revolving line of credit.
New Markets Tax Credit Financing
21 unchanged sentences
Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.
−Removed: As of January 25, 2025, the Company had five interest rate swaps with an aggregate initial notional value of $ 99,975 to hedge the variable cash flows associated with variable-rate loans under the Company's Credit Facility.
+Added: As of April 26, 2025, the Company had five interest rate swaps with an aggregate initial notional value of $ 99,975 to hedge the variable cash flows associated with variable-rate loans under the Company's Credit Facility.
The interest rate swaps were executed for risk management and are not held for trading purposes.
4 unchanged sentences
Amounts reported in Accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the variable-rate loans.
−Removed: The Company reclassified $ 577 and $ 775 during the 13 weeks ended January 25, 2025 and January 27, 2024, respectively, and $ 1,272 and $ 1,555 during the 26 weeks ended January 25, 2025 and January 27, 2024, respectively, from Accumulated other comprehensive income to Interest expense.
−Removed: The notional value of the interest rate swaps were $ 62,858 as of January 25, 2025.
−Removed: The fair value of interest rate swaps recorded in Other assets in the consolidated balance sheets is $ 7,197 as of January 25, 2025.
+Added: The Company reclassified $ 496 and $ 748 during the 13 weeks ended April 26, 2025 and April 27, 2024, respectively, and $ 1,768 and $ 2,304 during the 39 weeks ended April 26, 2025 and April 27, 2024, respectively, from Accumulated other comprehensive income to Interest expense.
+Added: The notional value of the interest rate swaps were $ 60,515 as of April 26, 2025.
+Added: The fair value of interest rate swaps recorded in Other assets in the consolidated balance sheets is $ 5,761 as of April 26, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.