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Village Super Market fiscal Q3 profit climbs 63.6% YOY

Village Super Market Inc. said its normalized net income for the fiscal third quarter ended April 25 amounted to 45 cents per share, a gain of 60.8% from 28 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 $6.3 million, a gain of 63.6% from $3.8 million in the year-earlier period.

The normalized profit margin climbed to 1.6% from 1.0% in the year-earlier period.

Total revenue climbed on an annual basis to $387.1 million from $372.5 million, and total operating expenses increased year over year to $376.5 million from $366.1 million.

Reported net income rose year over year to $12.9 million, or 93 cents per share, from $3.1 million, or 23 cents per share.