VILLAGE SUPER MARKET INC — Form 10-K

Village Super Market reported fiscal 2026 net income of $52.5 million ($3.54 per Class A diluted share) on sales of $2.406 billion, versus $56.4 million ($3.81 per share) on $2.321 billion in FY2025. Same-store sales grew 2.2% year-to-date with digital sales up 11%; Q4 same-store sales +1.6% and digital +6%. The company operates 34 supermarkets under ShopRite and Fairway banners plus three Gourmet Garage specialty stores. Gross margin declined 40 bps due primarily to lower Wakefern patronage rebates (32 bps) and unfavorable product mix (7 bps), partially offset by departmental improvements. Operating expenses as a percentage of sales increased 14 bps due to higher legal/professional fees, utility/maintenance, insurance, and pre-opening costs.