Village Super Market, Inc.

What they do

Village operates a chain of 34 supermarkets in New Jersey (26), New York (6), Maryland (1) and Pennsylvania (1) under the ShopRite and Fairway banners, and three Gourmet Garage specialty markets in New York City. It is the second largest member of Wakefern Food Corporation, the retailer-owned cooperative that owns the ShopRite, Fairway and Gourmet Garage names and supplies purchasing, distribution, technology, marketing and advertising scale. Stores average 57,000 total square feet, nine are owned, and the company runs a centralized commissary for deli, bakery, prepared foods and other perishable categories. It also offers online grocery ordering for pickup or delivery across all banners.

Revenue drivers

• ShopRite supermarkets — The dominant format, with 34 supermarkets under the ShopRite and Fairway banners; 26 stores are in New Jersey, which concentrates revenue in that state.
• Fairway Markets — Positioned as a one-stop destination with an emphasis on fresh, unique and high-quality offerings, plus natural, organic, specialty and gourmet products.
• Gourmet Garage specialty markets — Three New York City specialty markets offering organic produce, signature soups and prepared foods, high-quality meat and seafood, charcuterie, cheeses, bakery and chef-prepared meals.
• Non-food and in-store services — Health and beauty care, general merchandise, liquor and 21 in-store pharmacies broaden the sales mix beyond grocery.

Recent performance

Annual revenue rose from $2.03B in fiscal 2021 to $2.32B in fiscal 2025, with net income increasing from $20.0M to $56.4M over the same period. Operating cash flow was $93.2M in fiscal 2025, down from $104.5M in fiscal 2023 but above fiscal 2024's $80.8M. Recent quarterly revenue was $599.7M for the quarter ended 2025-07-26, $582.6M for 2025-10-25, $641.0M for 2026-01-24, and $572.6M for 2026-04-25. As of 2026-04-25, total assets were $1.01B, total liabilities $493.5M, shareholder equity $514.9M, cash and equivalents $128.7M, and long-term debt $47.1M.

Strategy

Village states it has an ongoing program to evaluate, upgrade and expand its supermarket chain through store remodels and the opening or acquisition of additional stores. When remodeling, it seeks to increase selling space where possible. On April 9, 2025, it opened a 72,000 square foot replacement ShopRite in Watchung, NJ, replacing an existing 44,000 square foot store. The company also emphasizes omnichannel availability, with online ordering for pickup or delivery at all ShopRite, Fairway and Gourmet Garage stores, and loyalty programs including ShopRite Price Plus and Fairway Insider. It operates a centralized commissary to improve production efficiency, product quality and consistency across stores.

Risks

• Geographic concentration — 26 of 34 supermarkets are in New Jersey, exposing results to regional economic and competitive conditions.
• Wakefern dependence — Village relies on Wakefern Food Corporation for purchasing, distribution, technology and the ShopRite, Fairway and Gourmet Garage names, making the Wakefern relationship critical to operations.
• Narrow-margin, competitive industry — The supermarket industry is highly competitive with narrow profit margins, and Village competes with national, regional and local chains, warehouse clubs, supercenters, drug stores, discounters, fast food, dollar stores and convenience stores.
• Execution risk on expansion and remodels — The ongoing program to remodel and expand stores, including the Watchung replacement store, requires capital and could underperform expectations.

Outlook

The provided excerpts do not include specific forward guidance, but management describes an ongoing program to evaluate, upgrade and expand the supermarket chain. The company continues to invest in larger store formats, as shown by the April 2025 Watchung replacement store, and in omnichannel capabilities across its banners. No quantified outlook for fiscal 2026 is given in the source material.