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Village Super Market fiscal Q3 profit climbs 7.8% YOY

Village Super Market Inc. said its normalized net income for the fiscal third quarter ended April 29 was 46 cents per share, a gain of 6.8% from 43 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.5 million, an increase of 7.8% from $6.0 million in the year-earlier period.

The normalized profit margin rose to 1.7% from 1.5% in the year-earlier period.

Total revenue rose year over year to $392.0 million from $387.9 million, and total operating expenses totaled $381.2 million, compared with $377.8 million in the year-earlier period.

Reported net income totaled $5.9 million, or 42 cents per share, compared to $5.8 million, or 42 cents per share, in the prior-year period.