−Removed: As of July 27, 2024, Village owns the sites of eight of its supermarkets (containing 539,000 square feet of total space).
+Added: As of July 26, 2025, Village owns the sites of nine of its supermarkets (containing 576,000 square feet of total space).
The remaining 28 stores (containing 1,534,000 square feet of total space), the central commissary and the corporate headquarters are leased, with initial lease terms generally ranging from 20 to 30 years, usually with renewal options.
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The Company owns all trade fixtures and equipment in its stores
−Removed: and several other properties including retail shopping centers, a warehouse in southern New Jersey and parcels of vacant land, which are available as locations for possible future stores or other development.
−Removed: On January 27, 2023, Village purchased the Vineland store shopping center for $9,500.
+Added: and several other properties including retail shopping centers and parcels of vacant land, which are available as locations for possible future stores or other development.
As of July 26, 2025, finance lease right-of-use assets of $9,017 are included in property, equipment and fixtures, net in the Company's consolidated balance sheet.
1 unchanged sentence
For additional information on lease obligations, see Note 7 to the consolidated financial statements.
−Removed: During fiscal 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 Village's Old Bridge replacement store with an operating lease obligation of $4,374 as of July 27, 2024.
−Removed: Village will fund its share of project costs estimated to be $15,000 to $20,000 over the two to three year life of the project.
+Added: During fiscal 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 $4,328 as of July 26, 2025.
As of July 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.
+Added: No additional equity investment is expected for this project.
Village is a limited partner in two additional partnerships, one of which owns a shopping center in which one of our leased stores is located.
1 unchanged sentence
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.