BASIS OF PRESENTATION and ACCOUNTING POLICIES

6 Months Ended

Jan. 28, 2023

BASIS OF PRESENTATION and ACCOUNTING POLICIES

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal and recurring accruals) necessary to present fairly the consolidated financial position as of January 28, 2023 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 26 weeks ended January 28, 2023 and January 29, 2022 of Village Super Market, Inc. (“Village” or the “Company”).

The significant accounting policies followed by the Company are set forth in Note 1 to the Company's consolidated financial statements in the July 30, 2022 Village Super Market, Inc. Annual Report on Form 10-K, which should be read in conjunction with these financial statements. The results of operations for the period ended January 28, 2023 are not necessarily indicative of the results to be expected for the full year.

Disaggregated Revenues

The following table presents the Company's sales by product categories during each of the periods indicated:


	13 Weeks Ended								26 Weeks Ended
	January 28, 2023				January 29, 2022				January 28, 2023				January 29, 2022
	Amount		%		Amount		%		Amount		%		Amount		%
Center Store (1)	$	343,818	61.0	%	$	324,362	60.3	%	$	655,642	60.6	%	$	620,336	60.1	%
Fresh (2)	200,503		35.6		194,329		36.2		389,511		35.9		374,152		36.3
Pharmacy	17,621		3.1		16,756		3.1		34,790		3.2		33,604		3.3
Other (3)	1,924		0.3		1,961		0.4		3,612		0.3		3,527		0.3

Total Sales	$	563,866	100.0	%	$	537,408	100.0	%	$	1,083,555	100.0	%	$	1,031,619	100.0	%

(1) Consists primarily of grocery, dairy, frozen, health and beauty care, general merchandise and liquor.

(2) Consists primarily of produce, meat, deli, seafood, bakery, prepared foods and floral.

(3) Consists primarily of sales related to other income streams, including service fees related to digital sales, gift card and lottery commissions and wholesale sales.