Village Super Market (VLGEA) Reports Q1 EPS of $0.23

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Go back to Village Super Market (VLGEA) Reports Q1 EPS of $0.23

Village Super Market, Inc. Reports Results for the First Quarter Ended October 24, 2015

December 2, 2015 8:01 AM EST

SPRINGFIELD, N.J., Dec. 02, 2015 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NASDAQ: VLGEA) today reported its results of operations for the first quarter ended October 24, 2015.

Net income was $4,430,000 in the first quarter of fiscal 2016 compared to $3,879,000 in the first quarter of the prior year. The first quarter of the prior year includes a charge to write-off all remaining insurance receivables related to Superstorm Sandy of $1,340,000 (net of tax) and a higher tax rate due to $404,000 of accrued interest and penalties related to the New Jersey tax dispute. ... More