Village Super Market Q4 Profit Declines - Quick Facts

(RTTNews) - Village Super Market Inc. (VLGEA) reported fourth-quarter net income of $6.20 million, a decrease of 31% from the fourth quarter of the prior year. The company said its profit decreased due to lower gross profit percentages and higher operating expenses as a percentage of sales. Class A earnings per share was $0.44, compared to $0.65, prior year. Sales were $376.32 million, an increase of 1.7% from the fourth quarter of the prior year. Same store sales also increased 1.7%.

The company expects same store sales in fiscal 2014 to increase from 1.5% to 3.5%.