BASIS OF PRESENTATION and ACCOUNTING POLICIES

9 Months Ended

Apr. 27, 2024

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 April 27, 2024 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 39 weeks ended April 27, 2024 and April 29, 2023 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 29, 2023 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 periods ended April 27, 2024 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								39 Weeks Ended
	April 27, 2024				April 29, 2023				April 27, 2024				April 29, 2023
	Amount		%		Amount		%		Amount		%		Amount		%
Center Store (1)	$	325,450	59.6	%	$	317,532	60.0	%	$	996,947	60.1	%	$	973,173	60.4	%
Fresh (2)	199,157		36.4		192,436		36.4		595,287		35.9		581,947		36.1
Pharmacy	20,247		3.7		17,581		3.3		60,795		3.7		52,371		3.2
Other (3)	1,542		0.3		1,745		0.3		5,300		0.3		5,357		0.3

Total Sales	$	546,396	100.0	%	$	529,294	100.0	%	$	1,658,329	100.0	%	$	1,612,848	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.