Village Super Market, Inc. (VLGEA) has reported a 2.26 percent rise in profit for the quarter ended Apr. 29, 2017. The company has earned $6.02 million in the quarter, compared with $5.88 million for the same period last year.
Revenue during the quarter went up marginally by 1.05 percent to $391.98 million from $387.90 million in the previous year period. Gross margin for the quarter expanded 12 basis points over the previous year period to 27.64 percent. Total expenses were 97.26 percent of quarterly revenues, down from 97.41 percent for the same period last year. This has led to an improvement of 14 basis points in operating margin to 2.74 percent.
Operating income for the quarter was $10.74 million, compared with $10.06 million in the previous year period.
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