Financial Analysis

"COMMITMENTS and CONTINGENCIES On May 2, 2025, the Company filed a Verified Complaint for Declaratory and Injunctive Relief (the ""Complaint"") against defendants Wakefern and certain members of its senior management (""Wakefern Management,"" and together with Wakefern, the ""Defendants"") in the Superior Court of New Jersey, Chancery Division, Middlesex County (the ""Chancery Court""). The matter was captioned Village Super Market, Inc., et al. v. Wakefern Food Corp., et al . In the Complaint, the Company sought to enjoin Wakefern's acquisition of Morton Williams Supermarkets (the ""Acquisition"") on the basis that the Acquisition violates Wakefern's governing documents, which the Company believes prohibits Wakefern from acquiring and operating a retail chain that competes directly with its members. It also challenged certain actions and inactions by the Defendants in connection with the Acquisition. Subsequently, the Company filed an amended complaint in the Chancery Court on September 19, 2025 (the ""First Amended Complaint"") to include additional claims concerning the Defendant's actions against the Company that occurred in August 2025. The Acquisition closed on or about October 1, 2025. On January 16, 2026, the Chancery Court denied Wakefern Management's motion to dismiss the claims asserted against them for breach of fiduciary duty. The Chancery Court also entered an Order granting the Company's motion to transfer the matter to the Superior Court of New Jersey, Law Div …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"DEBT Long-term debt consists of the following: April 25, 2026 July 26, 2025 Secured term loans $ 42,175 $ 45,378 Unsecured term loan 8,820 12,613 New Market Tax Credit financing 5,509 Total debt 56,504 57,991 Less: current portion of long-term debt 9,370 9,370 Total long-term debt $ 47,134 $ 48,621 Credit Facility The Company has a credit facility (the ""Credit Facility"") with Wells Fargo National Bank, National Association (""Wells Fargo""). The principal purpose of the Credit Facility is to finance general corporate and working capital requirements, Village's fiscal 2020 acquisition of certain Fairway assets and certain capital expenditures. Among other things, the Credit Facility provides for: An unsecured revolving line of credit providing a maximum amount available for borrowing of $75,000. Indebtedness under this agreement bears interest at the applicable SOFR plus 1.25% and expires on April 30, 2030. An unsecured $25,500 term loan issued on May 12, 2020, repayable in equal monthly installments based on a seven-year amortization schedule through May 4, 2027 and bearing interest at the applicable SOFR plus 1.46%. An interest rate swap with notional amounts equal to the term loan fixes the base SOFR at .26% per annum through May 4, 2027, resulting in a fixed effective interest rate of 1.72% on the term loan. A secured $50,000 term loan issued on September 1, 2020 repayable in equal monthly installments based on a fifteen-year amortization schedule through September 1, 2 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents the Company's sales by product categories during each of the periods indicated: 13 Weeks Ended 39 Weeks Ended April 25, 2026 April 26, 2025 (4) April 25, 2026 April 26, 2025 (4) Amount % Amount % Amount % Amount % Center Store (1) $ 334,838 58.5% $ 335,913 59.7% $ 1,062,040 59.1% $ 1,034,187 60.2% Fresh (2) 209,679 36.6% 202,573 35.9% 647,813 36.1% 610,087 35.4% Pharmacy 24,591 4.3% 22,710 4.0% 77,140 4.3% 69,320 4.0% Other (3) 3,479 0.6% 2,473 0.4% 9,146 0.5% 7,422 0.4% Total Sales $ 572,587 100.0% $ 563,669 100.0% $ 1,796,139 100.0% $ 1,721,016 100.0% (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, wholesale sales and gift card, lottery and other 3rd party commissions. (4) Fiscal 2025 revenues by category have been reclassified to conform to the fiscal 2026 current presentation by product category.

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"RELATED PARTY INFORMATION WAKEFERN A description of the Company's transactions with Wakefern Food Corporation (""Wakefern""), its principal supplier, and with other related parties is included in the Company's Annual Report on Form 10-K for the year ended July 26, 2025. At April 25, 2026, the Company held variable rate notes receivable due from Wakefern of $38,759 that earn interest at the prime rate plus .50% and mature on August 15, 2027, $40,010 that earn interest at the prime rate plus .50% and mature on September 28, 2027 and $38,531 that earn interest at the Secured Overnight Financing Rate (""SOFR"") plus 2.25% and mature on February 15, 2029. Wakefern has the right to prepay these notes at any time. Under certain conditions, the Company can require Wakefern to prepay the notes, although interest earned since inception would be reduced as if it was earned based on overnight money market rates as paid by Wakefern on demand deposits. Included in cash and cash equivalents at April 25, 2026 and July 26, 2025 are $110,988 and $92,003, respectively, of demand deposits invested at Wakefern at overnight money market rates. The Company is required to invest in Wakefern's common stock. At April 25, 2026, the Company's indebtedness to Wakefern for the outstanding amount of stock subscriptions was $524, of which $432 is recorded in notes payable to Wakefern and $92 is recorded in notes payable to Wakefern and other related parties in the consolidated balance sheet."

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"SEGMENT REPORTING The Company operates a chain of supermarkets in New Jersey, New York, Maryland and Pennsylvania. The Company consists of one operating segment, the retail sale of food and nonfood products. The Company's supermarkets offer similar products to a similar base of customers. Processes for purchasing and distribution, and the regulatory environments they operate in, are all similar and predominantly centralized. The Company does not have any customer representing more than 10% of total revenues. The Company's Chief Executive Officer and its President, together as a group, are the chief operating decision maker (""CODM"") as defined within Accounting Standards Codification Topic 280, ""Segment Reporting."" The CODM assesses performance and allocates resources using income before income taxes and net income. The CODM also uses these measures to evaluate and make decisions on budgets, opening, closing, remodeling or replacing stores, marketing decisions, and acquisitions. The CODM is provided asset information on a consolidated basis as is reported on the consolidated balance sheets. The following table summarizes sales, significant expenses, income before income taxes and net income on the Companys single reportable segment: 13 Weeks Ended 39 Weeks Ended April 25, 2026 April 26, 2025 April 25, 2026 April 26, 2025 Sales: Net Merchandise Sales $ 569,108 $ 561,196 $ 1,786,993 $ 1,713,594 Other Sales (1) 3,479 2,473 9,146 7,422 Total Sales 572,587 563,669 1,796,139 1, …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"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 25, 2026 and July 26, 2025 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 39 weeks ended April 25, 2026 and April 26, 2025 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 26, 2025 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 13 and 39 weeks ended April 25, 2026 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 25, 2026 April 26, 2025 (4) April 25, 2026 April 26, 2025 (4) Amount % Amount % Amount % Amount % Center Store (1) $ 334,838 58.5% $ 335,913 59.7% $ 1,062,040 59.1% $ 1,034,187 60.2% Fresh (2) 209,679 36.6% 202,573 35.9% 647,813 36.1% 610,087 35.4% Pharmacy 24,591 4.3% 22,710 4.0% 77,140 4.3% 69,320 4.0% Other (3) 3,479 0.6% 2,473 0.4% 9,146 0.5% 7,422 0.4% Total Sales $ 572,587 …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing