Village Super Market Inc. said its normalized net income for the fiscal first quarter ended Oct. 25 amounted to 34 cents per share, a gain of 17.1% from 29 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.6 million, a gain of 19.2% from $3.9 million in the year-earlier period.
The normalized profit margin climbed to 1.2% from 1.1% in the year-earlier period.
Total revenue increased 6.4% on an annual basis to $379.7 million from $357.0 million, and total operating expenses climbed 6.0% on an annual basis to $371.8 million from $350.8 million.
Reported net income totaled $3.8 million, or 27 cents per share, compared to a loss of $6.7 million, or a loss of 49 cents per share, in the prior-year period.
