Last $25.44 USD
Change Today -0.04 / -0.16%
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As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

village super market-class a (VLGEA) Key Developments

Village Super Market Inc. Announces Executive Changes

On December 12, 2014, the Board of Directors of Village Super Market Inc. approved the following changes in officer appointments. John J. Sumas was appointed to serve as Chief Operating Officer and will also continue to serve as General Counsel and as a Director. Mr. Sumas has served as a Director since June 2009 and as head of the company's Legal Department since 2002, and was appointed Vice President - General Counsel in 2007. He is Chairman of the Wakefern Food Corporation Food Service Committee, Vice-Chairman of the Wakefern Retail Employee Relations Committee, and a member of the Wakefern Insurance and Shop-Rite Retail Services Committees. He also sits on the Wakefern Strategic Planning - Capital Structure Group. The company's previous Chief Operating Officer, Robert Sumas, will continue to serve as President and as a Director. Nicholas Sumas was appointed to serve as the Chief Marketing Officer and will also continue to serve as a Director. Mr. Sumas has served as a Director since June 2009 and as Vice President since 2007. Mr. Sumas has held a diversity of supervisory positions since his employment in 1994. He is a member of the Wakefern Board of Directors, Vice Chairman of the Wakefern Marketing, Floral and Meat Committees, and is a member of the Wakefern Produce, CGO, Seafood and Operations Excellence Committees. Kevin R. Begley notified the company and the company's Board of Directors of his retirement from the company as Chief Financial Officer, Treasurer and principal financial officer, effective as of December 12, 2014. Mr. Begley will remain a member of the company's Board of Directors. John L. Van Orden, was appointed to serve as the Chief Financial Officer, Treasurer and principal financial officer. Mr. Van Orden has served as Controller and principal accounting officer since joining the company in 2011. Prior to joining the company, Mr. Van Orden held various positions of increasing responsibility within KPMG LLP's audit practice. Luigi Perri was appointed to serve as the Controller and principal accounting officer. Prior to joining the company in 2014, Mr. Perri served as the North America Retail Controller for Ralph Lauren Corporation. Prior to that, Mr. Perri held positions at both the Hertz Corporation and KPMG LLP.

Village Super Market Inc. Declares Quarterly Cash Dividend, Payable on January 22, 2015

The board of directors of Village Super Market Inc. declared quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. The dividends will be payable on January 22, 2015 to shareholders of record at the close of business on January 2, 2015.

Village Super Market, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended October 25, 2014; Provides Same Store Sales Guidance in Fiscal 2015

Village Super Market Inc. reported unaudited consolidated earnings results for the first quarter ended October 25, 2014. For the period, the company reported net income of $3,879,000 or $0.27 per class A diluted share and $0.20 per class B basic and diluted share as compared to a net loss of $6,831,000 in the first quarter of the prior year. Sales were $379,744,000, an increase of 6.4% compared to the first quarter of the prior year. Sales increased due to the opening of the greater Morristown replacement store on November 6, 2013 and the Union replacement store on April 30, 2014. The company reported operating income of $7,912,000, interest income of $696,000 and income before income taxes of $7,394,000. Excluding the effect of one-time adjustments in both periods, earnings improved by 53%, primarily due to the impact of replacement stores in Morristown, N.J., and Union, N.J. The company expects same store sales in fiscal 2015 to range from flat to an increase of 2%.

Village Super Market Inc., Annual General Meeting, Dec 12, 2014

Village Super Market Inc., Annual General Meeting, Dec 12, 2014., at 10:00 Eastern Daylight. Location: 733 Mountain Avenue. Agenda: To elect eleven directors for the ensuing year; to ratify the appointment of KPMG LLP as its independent registered public accounting firm for the 2015 fiscal year; and to vote on a non-binding advisory resolution to approve the compensation of the company's named executive officers, as described in this proxy statement.

Village Super Market Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended July 26, 2014; Provides Same Store Sales Guidance for the Fiscal 2015

Village Super Market Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended July 26, 2014. For the quarter, the company reported sales of $396,838,000 compared to $376,323,000 a year ago. Operating income was $11,325,000 compared to $11,107,000 a year ago. Income before income taxes was $11,010,000 compared to $10,937,000 a year ago. Net income was $5,870,000 compared to $6,203,000 a year ago. Net income per diluted share on class A common share was $0.42 compared to $0.44 a year ago. Net income per diluted share on class B common share was $0.30 compared to $0.33 a year ago. Sales increased due to the opening of the greater Morristown replacement store on November 6, 2013 and the Union replacement store on April 30, 2014. Same store sales increased 0.9%. For the full year, the company reported sales of $1,518,636,000 compared to $1,476,457,000 a year ago. Operating income was $29,828,000 compared to $44,177,000 a year ago. Income before income taxes was $28,848,000 compared to $44,639,000 a year ago. Net income was $5,045,000 compared to $25,784,000 a year ago. Net income per diluted share on class A common share was $0.36 compared to $1.85 a year ago. Net income per diluted share on class B common share was $0.26 compared to $1.36 a year ago. The company expects same store sales in fiscal 2015 to increase from 0% to 2%.

 

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VLGEA

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Valuation VLGEA Industry Range
Price/Earnings 22.8x
Price/Sales 0.2x
Price/Book 1.5x
Price/Cash Flow 9.2x
TEV/Sales 0.2x
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