Village Super Market, Inc. (VLGEA) reported better than expected earnings this morning for Q1 2023.
Village Super Market Inc. Class A Common Stock's earnings came in at an EPS of $0.76 per share. The firm's earnings are up 52% since reporting $0.5 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.
Revenues were upbeat at $519.7 million. That revenue figure is an increase of 5.16% from the year ago quarter.
The stock is up 5.44% to $23.64 after the report.
Village Super Market Inc. Class A Common Stock's earnings expanded faster than revenues, signaling widening profit margins.
Trading in the five days leading up to the report earned Village Super Market Inc. Class A Common Stock a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 45.
Village Super Market Inc operates a chain of ShopRite supermarkets, a few of which are in northern New Jersey, southern New Jersey, Maryland, and in northeastern Pennsylvania. The company is a member of Wakefern Food Corporation (Wakefern), the nation's largest retailer-owned food cooperative and owner of the ShopRite name. It consists of one operating segment, the retail sale of food and nonfood products.